CEOs Scold Bush on Global Warming

| Mon Jan. 22, 2007 3:44 PM EST

You know that Bush is lost in a wilderness of his own making when the CEO's of 10 major corporations set up homing beacons to call him back to reality. As the AP reports:

"We can and must take prompt action to establish a coordinated, economy-wide market-driven approach to climate protection," the executives from a broad range of industries said in a letter to the president.

Why are they doing it? We know these chieftains of major utilities, aluminum and chemical companies, and financial institutions aren't acting out of altruism. Apparently they've realized that even their own tony hides are on the line.

Members of the group, called the U.S. Climate Action Partnership, include chief executives of Alcoa Inc., BP America Inc., DuPont Co., Caterpillar Inc., General Electric Co., and Duke Energy Corp.

At a news conference, the executives said that mandatory reductions of heat-trapping emissions can be imposed without economic harm and would lead to economic opportunities if done economy-wide and with provisions to mitigate costs.

Many of the companies already have voluntarily moved to curb greenhouse pollution, they said. But the executives also said they do not believe voluntary efforts will suffice.

"It must be mandatory, so there is no doubt about our actions," said Jim Rogers, chairman of Duke Energy. "The science of global warming is clear. We know enough to act now. We must act now."

Bush is expected to address global warming in his State of the Union address tomorrow. Though it's doubtful he'll exercise any leadership on the matter, instead staying the course with more calls for voluntary cuts and increased energy independence. That will seal his legacy as the Neville Chamberlain of the 21st century: appeasing the dark side and setting the stage for a new version of global mayhem.