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THE WHITE HOUSE

Office of the Vice President

For Immediate Release July 22, 1998

                    STATEMENT BY THE VICE PRESIDENT
         ON ELECTRONICS FIRMS HELPING TO REDUCE GLOBAL WARMING

I commend the 14 electronics firms profiled in a new report today on "smart products" that save energy and help reduce the pollution that contributes to global warming.

The report, Taking a Byte Out of Carbon: Electronics Innovation for Climate Protection, offers further proof that we can meet the challenge of climate change while creating new opportunities for economic growth. It shows how ingenuity and an entrepreneurial spirit are generating new products that save both money and energy by improving the energy efficiency of cars, appliances, buildings, and industrial processes. These industry leaders are doing their part to reduce the threat of global warming because it is good business, and good for the environment.

I applaud the companies -- AT&T Corporation; Canon; Honeywell, Inc.; IBM Corporation; Intel Corporation; Eastman Kodak Company; Lockheed Martin Corporation; Mitsubishi Motors Corporation; Motorola, Inc.; Nortel; Panasonic; Sharp Corporation; Texas Instruments Incorporated; and United Technologies Corporation. I also applaud the organizations that collaborated on this timely report -- the World Resources Institute, the Electronic Industries Alliance, and the International Cooperative for Environmental Leadership.

I hope these examples encourage other businesses to work to improve energy efficiency and meet this pressing environmental challenge. And I urge Congress to speed this effort by approving the President's proposals for increased research and tax incentives to advance the development and use of clean energy sources and energy-efficient technologies.

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