It’s Wednesday, May 15, and business tycoons are demanding climate action.
It’s not every day that you see the CEOs of some of the world’s biggest companies come together to request actual legislation to reign in emissions. Well, today is that day.
A coalition of corporate giants including ExxonMobil, Shell, DTE, and Dupont along with four major environmental groups, just launched an initiative called the CEO Climate Dialogue. The group aims to encourage Congress to enact a long-term federal climate policy. And they’re backing the Green New Deal! Just kidding. They want a carbon tax.
The group has six “guiding principles” that it wants the government to follow to “ensure success.” The policy that legislators come up with should be market-based, effective, well-designed, equitable, supportive of the competitiveness of the U.S. economy, and, oh right, effective at reducing emissions.
Here’s the good news: Big companies agree that the government needs to do something about climate change. Even if they only want Congress to act so that they can continue to profit, it’s still encouraging that they’re putting pressure on politicians to do something.
Of course, they’ll probably want something in exchange for climate action. That’s how free markets work. A previous carbon tax initiative, supported by some of these same companies, offers reduced environmental regulations and immunity from climate litigation in exchange. Will they try that %*#! again? Stay tuned!
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