Energy, or the lack thereof, is a key factor in sustainable progress and development around the world. Energy consumption is rising rapidly, driven by worldwide population growth, developing economies, improving global living standards, and the burgeoning use of ever more energy-dependent technologies.
Caterpillar has a fundamental interest in energy as a global energy consumer, global industrial manufacturer, and a major manufacturer of energy conversion and power generation products. We believe there is no single solution to the challenge of rising global energy consumption. We must responsibly develop and utilize all energy resources.
Remanufacturing and technologies such as distributed generation, combined heat and power, electric drive industrial equipment, clean diesel, and unconventional gas engines and turbines can play a critical role. Regulatory approaches should provide a competitive, technology-neutral, and level playing field in which Caterpillar and our customers can operate.