| on Mar 13, 2008, 01:34 PM E.S.T.
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Page 1 of 2  The chief executive of General Electric
has emerged as one of the most outspoken advocates of government caps
on carbon emissions. But it’s not that visions of saving the planet are
filling his “Ecomagination,” nor has he given up on Hayek. In
transforming one of the world’s biggest companies into a clean-tech
juggernaut, he just smells the chance to make a lot of money—if the
U.S. doesn’t miss the train altogether.
“It’s no great thrill for me to do this stuff. I’m not an
environmentalist. But if business has no voice, that’s the worst of all
worlds,” Jeff Immelt said tonight keynoting The Wall Street Journal’s
“ECO:nomics” conference in California.
What’s scarier than seemingly inevitable government-mandated
climate-change legislation that targets most of the industries GE
thrives in? Exactly what the U.S. has now.
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