DuPont Chair Tells Senate Subcommittee American Businesses will Seize Opportunities
WASHINGTON, D.C., May 19, 2009 –Properly designed climate change legislation will provide U.S. companies with the certainty they need to innovate, creating new market opportunities and jobs for American workers, DuPont Chair Charles O. Holliday, Jr. told the U.S. Senate Environment and Public Works Committee here today.
“Environmentally effective and economically sustainable climate legislation will encourage markets to turn increasingly to greater energy efficiency, low carbon energy forms and bio-based products, accelerating development and deployment of technologies that will be critical for a low-carbon economy,” Holliday said. “This opportunity will help American companies grow, invest and add jobs.”
According to Holliday, enacting climate legislation, such as that recommended by the United States Climate Action Partnership Blueprint for Action with provisions like “cap-and-trade,” will provide a roadmap for growth across multiple industry sectors.
“It will drive innovation in large, established companies like DuPont and in startups across the United States,” Holliday said, citing several examples of innovation within DuPont that could be accelerated with responsible climate legislation. “Federal legislation will help create the marketplace that will drive innovation, economic growth and environmental progress.”
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In 2006, DuPont committed to increase annual revenue by at least $2 billion from products that create energy efficiency and/or significant greenhouse gas emissions reductions by 2015. Additionally, the company committed to a 15 percent reduction in greenhouse gas emissions from company operations between 2004 and 2015, in addition to a 72 percent reduction that was achieved between 1990 and 2004.
DuPont – one of the first companies to publicly establish environmental goals 19 years ago – has broadened its sustainability commitments beyond internal footprint reduction to include market-driven targets for both revenue and research and development investment. The goals are tied directly to business growth, specifically to the development of safer and environmentally improved new products for key global markets.
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
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