Multinationals agree to cut greenhouse gas emissions
Thirteen companies, including Ford Motor Co., DuPont, Motorola and American Electric Power, have agreed to reduce their greenhouse gas emissions by four percent by 2006 as part of a pilot project to establish a market for the trading of emissions credits launched by the Chicago Climate Exchange (CCX).
They have been joined by the city of Chicago, which has agreed to the same emissions limits and, like the others, will be able to trade credits earned by exceeding those limits when trading starts in about 90 days.