Caterpillar recently came under fire from some shareholders and energy companies for its involvement with the U.S. Climate Action Partnership (USCAP), which backs moves to cap carbon dioxide emissions.
Owens told CNBC it has always been his company’s position that climate change legislation be addressed in a global context.
“When legislation went through that was very focused on unilateral domestic initiatives, we did not support it,” he added.
Source: www.cnbc.com