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Axios reports on the launching of a new “coalition of more than a dozen major corporations and environmental groups … to urge Congress to pass legislation addressing climate change … This is the latest sign that the political window for Washington to seriously consider comprehensive climate legislation is opening again after a decade of being closed. This is occurring against an unlikely backdrop because President Trump dismisses climate change as a problem, and Republicans control the Senate.”

The coalition, the story says, is made up of some unlikely bedfellows: “The initiative, the CEO Climate Dialogue, features CEOs from oil giants BP and Royal Dutch Shell, as well as from companies across the economy including Citi, Dominion Energy and Ford Motor Company. The Environmental Defense Fund and The Nature Conservancy are among the environmental groups that helped convene the group.”

The story notes that “the coalition is laying out 6 principles they hope will guide lawmakers in passing big climate policy. The aim is to be less prescriptive than other corporate-led efforts, namely the Climate Leadership Council, whose members include some of the same companies and are pushing a carbon tax whose revenue is sent back to consumers.

“The biggest principle is a price on carbon dioxide emissions across the U.S. economy that achieves at least 80% reduction in emissions by 2050. That’s similar to what the Obama administration once proposed, but it’s less aggressive than what backers of the Green New Deal want, which is net zero emissions as soon as 2030, but well before 2050.”
KC's View:
This shouldn’t be about politics. It should be about simple common sense and realizing that we only get one chance at protecting an increasingly fragile planet. And I’m glad that we’re seeing business leadership on this issue.