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The companies involved in today's announcement are well-known Fortune 500 corporations: Alcoa, BP America, Caterpillar, Duke Energy, DuPont, Florida Power and Light, General Electric, Lehman Brothers, Pacific Gas & Electric, and PNM Resources.

They have joined Environmental Defense, the World Resources Institute, Pew Center on Global Climate Change, and Natural Resources Defense Council to form an unprecedented alliance — the United States Climate Action Partnership (US-CAP).

In today's announcement, the partners pledged to work together to support six recommendations for national action:

1. Account for the global dimensions of climate change – the U.S. government should become more involved in international agreements to fight global warming;

2. Recognize the importance of technology – the cost-effective deployment of existing energy efficient technologies should be a priority;

3. Be environmentally effective – establish a mandatory cap that guarantees emissions will be cut and other measures to facilitate reaching the needed targets;

4. Create economic opportunity and advantage – a climate protection program must use the power of the market to establish clear targets and timeframes;

5. Be fair – global warming solutions must account for the disproportionate impact of both global warming and emissions reductions on some economic sectors, geographic regions, and income groups; and

6. Encourage early action – prior to the effective date of mandatory pollution limits, every reasonable effort should be made to reduce emissions.