Global CEOs back greenhouse gas cuts, carbon caps

(AP) -- A global summit of business leaders urged governments to order steep and mandatory cuts in greenhouse gases Tuesday, favoring a cap-and-trade system instead of a tax to set a market price for carbon waste.

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<p><a href="http://www.physorg.com/news162548865.html">Global CEOs back greenhouse gas cuts, carbon caps</a></p> <p>(AP) -- A global summit of business leaders urged governments to order steep and mandatory cuts in greenhouse gases Tuesday, favoring a cap-and-trade system instead of a tax to set a market price for carbon waste.</p>