- Greek Cabinet Approves EU, IMF Bailout Bill
- We're Not Greece: Italian Prime Minister Monti
- Private Homebuilders in the US: Dead Men Walking
- Dividend Payout Could Hit Record Amount This Year
- With Investors So Bullish, Stock Pullback Must Be Ahead
- Obama Likely to Call for Cutting Top Corporate Tax Rate
- New York Fashion Week Fall 2012
- NetNet: Why Saving Greece Could Destroy the World
- My Funny Valentine: When Love and the Fed Collide
- In Search of America's ‘Hottest Forecasters’
- Dow vs. S&P 500: Which is a Better Investment?
- Mick Fleetwood on the MP3 ‘Dumbing Down’ of Music
- Avis on the Road to Strong Growth: Analyst
- Private Homebuilders: Dead Men Walking
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- This Valentine’s Day Love Is Served on a Silver Platter
MOST SHARED
- Greek Debt Saga Back on Center Stage for Markets
- Obama Likely to Call for Cutting Top Corporate Tax Rate
- Special Feature: Wall Street History - How Wall Street Got Its Name
- Obama to Project $901 Billion Budget Deficit in 2013
- Private Homebuilders: Dead Men Walking
- When Love and the Fed Collide
- How to Trade the Turmoil in Greece
- Steelers' Antonio Brown Spends Super Bowl Week with Twitter Fan Turned BFF
- We're Not Greece: Italian Prime Minister Monti
- LinkedIn CEO Calms Post-Lockup Concerns
MOST POPULAR
HOT ON FACEBOOK
Climate Change Must Be Addressed Globally: Caterpillar CEO
Text Size 
Writer/Producer, CNBC.com
The US must address climate change in an international context, not just from a domestic lens, Caterpillar CEO Jim Owens told CNBC.
“The air knows no border,” said Owens. “For us to impose a significant cost on carbon that’s not reflective of a cost that’s incurred around the world, my concern is that it would have an adverse impact on particularly our basic industries – aluminum, steel and chemicals.”
“If we price those basic industries out of the market, which are the feedstock for other manufacturers like ourselves, then we impede our ability to compete in the world market effectively," Owens added.
Caterpillar [CAT Loading... ()] recently came under fire from some shareholders and energy companies for its involvement with the U.S. Climate Action Partnership (USCAP), which backs moves to cap carbon dioxide emissions.
Owens told CNBC it has always been his company’s position that climate change legislation be addressed in a global context.
“When legislation went through that was very focused on unilateral domestic initiatives, we did not support it,” he added.
- Marketing clichés aside, sometimes diamonds are for investing.
- The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear.
- This list of the 10 most active cities for speed traps was compiled by Trapster.com. See if your town is there.
- This Valentine’s Day should prove a love fest for restaurants, as many couples will be dining out.
- Here’s a look at Westminster Kennel Club’s most successful breeds—and how much they cost.
- What kind of homes do celebrity couples share? Here’s our updated list. Take a look.
Data is a real-time snapshot *Data is delayed at least 15 minutes
