Cinergy CEO says US should 'jump start' GHG emission technologies

Washington (Platts)--8Jun2005

The US government can help private industry reduce greenhouse gas emissions by
finding ways to "jump start" commercial deployment of technologies generated
by government-funded r&d, Cinergy Corp CEO and President James Rogers told the
House Science Committee Wednesday. "We need more money to experiment with
carbon capture and sequestration," he said. 

Cinergy, one of the most coal-reliant electricity producers in the US, has set
large-scale goals to reduce its greenhouse gas emissions. The panel called the
hearing to learn what some major US companies like Cinergy are doing
voluntarily to reduce greenhouse gas emissions. "We spend a lot of time in
Washington talking about what might or might not be done about climate
change--in theory--but meanwhile, out in the 'real world' real companies that
make real money making real products for real people are taking action,"
committee Chairman Sherwood Boehlert (Republican-New York) said. "So we ought
to be sure that our debate here is informed by that real experience."

Mack McFarland, global environmental manager for DuPont Co's fluorochemicals
business, said industry increasingly is stepping forward to address the GHG
emissions issue. Global companies are especially interested because many of
them have operations in carbon-constrained countries, McFarland said. Many of
those countries are party to the Kyoto Agreement, which requires 38
industrialized countries to reduce GHG emissions 5% below 1990 levels by 2012.

Each of the companies represented at the hearing said they are implementing
the same practices and standards to lessen emissions across their operations.
Baxter International Inc has achieved a 35% decrease in GHG emissions and a
22% increase in energy efficiency since 1996, Ron Meissen, the company's
senior director for environment, health and safety engineering, told the
committee.

This story was originally published in Platts Electricity Alert
http://www.electricityalert.platts.com

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