Progress Energy calls for US global warming plan

Power company Progress Energy (PGN.N: Quote, Profile, Research) on Monday called for a U.S. plan on managing emissions of the gases scientists have linked to global warming.

U.S. power companies produce about 40 percent of the country’s carbon dioxide, the main heat-trapping gas linked to global warming. Scientists say warmer temperatures could increase the strength of storms and increase flooding in low-lying regions.

“There is enough understanding of the issue to warrant action by the private and public sectors,” Progress said about a report on global warming it released after a group of shareholders had asked the company to explain its position on greenhouse gas emissions.

.reuters