Heavy equipment manufacturer Caterpillar today announced plans to lay off more than 2,400 employees at five plants in Illinois, Indiana and Georgia as the heavy equipment maker continues to cut costs amid the global economic downturn.
Since it’s hardly rocket science that,
Bad economy = Less construction = Bad news for Caterpillar,
inquiring minds want to know why caterpillar is lobbying, via the U.S. Climate Action Partnership, for economy-harming greenhouse gas regulation. Moreover, since such regulation is likely to be anti-coal in nature, why is Caterpillar effectively lobbying against the coal industry, one its biggest customers?