Companies want to help shape global warming legislation in Congress, figuring the right plan could help profits. Their support could be key to pushing it through.
Excerpt: Sprawling across about 9,000 acres of rolling farmland in southwestern Indiana is one of the world's biggest aluminum smelters, operated by Alcoa Inc. The maze of rectangular buildings and giant smokestacks consumes enough electricity to supply a city of 200,000 -- power generated by burning more than 2 million tons of coal a year.
So it may be surprising that company executives are pushing Congress to pass a version of President Obama's plan for combating global warming. After all, Obama wants to slap hefty fees on facilities like Alcoa's that pump millions of tons of carbon dioxide and other pollutants into the air. Those fees could raise costs for the company and leave it vulnerable to foreign competitors.