BICEP Companies Commit to Climate Action
BICEP was founded on the belief that the energy and climate challenges facing the United States present vast opportunities, along with urgent risks, for U.S. businesses. We are driven by principles that:
- Promote Energy Efficiency and Renewable Energy
- Increase Investment in a Clean Energy Economy
- Support Climate Change Adaptation, Technology Transfer and Forest Preservation
Our members are among the 365+ businesses and investors who support the Clean Power Plan. What’s more – their support is paralleled by the dozens of states that are developing plans to diversify their energy portfolios, all while boosting their attractiveness to companies and employees who embrace clean energy solutions.
The merits of the Clean Power Plan were recently challenged by a Supreme Court stay, however business and investor leaders Read their statements.toward a clean energy economy.
The support doesn't stop there. During the UNFCCC Climate talks in Paris, BICEP members and colleagues joined together at the U.S. Center to discuss how corporate action on climate policy can lead to real change. Moderated by Ceres President Mindy Lubber, panelists included executives from Dignity Health, VF Corporation, Mars Incorporated, Facebook, and CalSTRS. The discussion came on the heels of the White House’s American Business Act on Climate Pledge, signed by 154 companies across the U.S. representing more than $4.2 trillion in annual revenue.
On February 9, the U.S. Supreme Court issued a ruling to pause implementation of the Clean Power Plan while the lower court reviews the legality of the regulations. The “stay” of the rule means that the EPA may not enforce the Clean Power Plan pending the resolution of the case on the merits. While the ultimate legal outcome is unclear at this point, what is very clear is that the pace and scale of the transition to a thriving, clean economy is now undeniable, irresistible, and inevitable.
State-level support for clean energy is critical at a time when federal level policies are difficult to move in Washington D.C.. Moreover, state governments have the power to significantly advance—or cripple—development of renewable energy and energy efficiency within their boundaries.
BICEP member Vulcan Inc. and its CEO – philanthropist and entrepreneur Paul G. Allen – have long been advocating for reform of the federal coal-leasing program. Last month, the Administration listened and took action.
Joining the White House’s American Business Act on Climate Pledge this December, BICEP member VF Corporation announced a bold commitment to source 100 percent renewable energy at its owned and operated facilities by 2025 and to develop science-based goals to support additional emission reductions throughout their operations.
BICEP member Gap Inc. flew past its 20 percent greenhouse gas reduction target for 2015. Now, the parent company of Gap, Old Navy, and Banana Republic has set itself a worthy new target: halving its emissions by 2020.