Scaredy-CAT: USCAP member switches on W-M

Energy & Environment News reports that heavy-equipment manufacturer Caterpillar now opposes Waxman-Markey:

“We cannot endorse this bill in its current form,” Caterpillar Chairman and CEO Jim Owens wrote in a letter to House Speaker Nancy Pelosi (D-Calif.) yesterday. “Despite our efforts to improve portions of the bill, specific provisions relating to non-road equipment, black carbon, border measures and other critical issues remain problematic.”

Owens was a fool to ever think that global warming legislation would work for his company.

BTW, Greenpeace also now opposes W-M because it

…has been so heavily influenced by the coal and oil industries…

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