Oh brother here we go with more regulations…….
Eighty-one major corporations with operations in the U.S.–including Google, Facebook, Apple, Coca Cola and General Motors–have taken a White House pledge “to demonstrate their support for action on climate change and the conclusion of a climate change agreement in Paris that takes a strong step forward toward a low-carbon, sustainable future.”
Signing the White House’s American Business Act on Climate Change Pledge shows a continuing commitment to action preventing global warming and is intended to set an example for other companies to pursue similar policies, according to a statement released by the White House.
It also shows the signatories’ support for the 2015 United Nations Climate Change Conference, which will be held this November in Paris. “The Pledge…voices support for a strong outcome in the Paris climate negotiations.”
The 81 companies “have operations in all 50 states, employ over 9 million people, represent more than $3 trillion in annual revenue, and have a combined market capitalization of over $5 trillion,” the White House said.
“We recognize that delaying action on climate change will be costly in economic and human terms,” the pledge states.
The president announced last November that he wants to reduce greenhouse gas emissions economy-wide by 26 to 28 percent by 2025.
To accomplish that goal, Obama held a roundtable with top CEOs this week to discuss ways in which they can help to fight climate change in the U.S. and around the world.
“Historically when you start talking about an issue like climate change the perception is that this is an environmental issue – it’s for tree-huggers – and that hard-headed business people either don’t care about it or see it as in conflict with their bottom lines,” the president said Monday at a press briefing after the meeting.
However, the president said that the 81 companies that signed the pledge view his long-term plan to reduce carbon emissions by almost 6 million tons through 2030 as a positive step.
“This conversation has confirmed what we’ve known for quite some time, which is that considerations of climate change, energy efficiency, renewable energies are not only not contradictory to their bottom lines, but for these companies they’re discovering that it can enhance their bottom lines,” Obama said.