Five major U.S. corporations have teamed up with investor coalition Ceres to launch a new business alliance calling for strong U.S. climate and energy legislation in early 2009. The group’s key principles include stimulating renewable energy, promoting energy efficiency and green jobs, requiring 100 percent auction of carbon allowances and limiting new coal-fired power plants to those that capture and store carbon emissions. The founding members of the Business for Innovative Climate and Energy Policy (BICEP) include such household names as Starbucks and Nike. The group says it will push the Federal government to enact legislative changes to spur a clean energy economy and reduce global warming pollution. Check out the I.I.I. background paper on climate change and insurance issues.