The Biden administration plans to require the largest federal contractors to set targets for slashing their greenhouse gas emissions in line with goals established under the Paris climate accord in 2015. The proposed rule, announced on Wednesday, could have wide repercussions throughout corporate America as the U.S. federal government is the world’s largest consumer of goods and services.
The administration’s new proposal would also require that contractors make their emissions public as well as detail the risks climate change poses to their business. The list of the largest suppliers to the federal government includes aerospace giants like Boeing and Lockheed Martin as well as pharmaceutical companies such as Pfizer and Moderna.
The announcement comes as leaders from around the world met in Sharm el-Sheikh, Egypt, at a United Nations climate summit, where the Biden administration is under pressure to help developing countries already shouldering the burden of rising temperatures, while cutting its own emissions. According to the Washington Post, which b... Read more