"A group of Britain's leading industrialists has written to the prime minister urgently demanding long-term policies to combat climate change.
The heads of the 12 leading firms say climate change is a huge challenge that needs serious investment by business. But they say they cannot invest because they are not sure what future government policies on climate will be.
The letter is signed off by the heads of BP, Shell, HSBC Bank, BAA, John Lewis, Scottish Power and more. Between them the firms employ tens of thousands of people and have a turnover of £452bn.
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The Confederation of British Industry (CBI) successfully lobbied against proposed cuts last year. They said the measure would harm British business. The Department of Trade and Industry and the prime minister have so far been backing the position of the CBI. But in their letter the business leaders say they believe emissions cuts of 60% can be achieved in the UK without damaging competitiveness if firms use energy more wisely and harness new technology."
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http://news.bbc.co.uk/1/hi/business/4585229.stm