Like Members of Congress who are forced to weigh the positions of diverse constituents, business leaders have to balance the demands of the marketplace, investors, employees and other stakeholders.
Climate change is a challenge facing both business and policymakers.
Congress has a unique opportunity to encourage voluntary responses to the climate change challenge by the private sector. Companies, such as AEP, should not have to worry that the voluntary actions we take today will disadvantage us tomorrow. After an exhaustive search, we identified a broad array of activities across our operations to limit greenhouse gas emissions. In 1996, we joined with The Nature Conservancy and a Bolivian conservation organization to propose the largest forest carbon sequestration joint implementation project in the world. This initiative, which will preserve 4 million acres of threatened tropical forests for 30 years, was approved by the U.S. and Bolivian governments in December 1996.