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FOR IMMEDIATE RELEASE

BICEP Coalition of Major National Companies Supports Core Principles of Waxman-Markey Climate and Energy Bill

April 7, 2009 - Business for Innovative Climate and Energy Policy (BICEP), a coalition of major national companies calling for passage of strong U.S. climate and energy policies in 2009, issued a statement in support of the core principles of the landmark Waxman-Markey climate and energy bill introduced March 31, 2009.
Washington DC Apr 07, 2009

Business for Innovative Climate and Energy Policy (BICEP), a coalition of major national companies calling for passage of strong U.S. climate and energy policies in 2009, today issued the following statement in support of the core principles of the landmark Waxman-Markey climate and energy bill introduced March 31:

“BICEP is built on eight core principles that can best be summed up as taking steps now, in 2009, to speed our nation’s transition to a clean energy economy. America needs energy efficiency and a strong push for renewable energy sources in order to promote energy independence and protect the competitive edge of American businesses – along with our nation’s environment and health.

“The Waxman-Markey bill is a great first step in tackling America's energy and climate challenges in a comprehensive fashion - a strategy that BICEP has pushed from the beginning. This is a pro-business climate strategy that’s good for our businesses and good for our customers. By emphasizing energy efficiency and renewable energy, this bill provides the least expensive way forward for addressing climate change. It removes market barriers that exist in many states and makes it easier and cheaper for our businesses to move toward a clean energy economy.

“Like most other businesses the BICEP companies need certainty – clear market signals that help us plan our competitive strategies while addressing the need to move forward quickly in the transition to a clean energy economy. This bill creates that certainty by ensuring business-  and consumer-friendly clean energy policies in all 50 states.

“Many BICEP companies launched their own efforts to address climate change and move toward a clean energy economy by promoting energy efficiency and renewable energy. Our country’s path needs to start there too, and Chairman Waxman’s bill recognizes this.

"BICEP fully recognizes that the introduced legislation is a draft and still lacks specifics on several key implementation issues such as the auctioning of pollution permits, which BICEP fully supports, and how the potential imposition of trade import restrictions will be implemented - as BICEP wants to ensure that this legislation is consistent with U.S. international obligations and paves the way for a positive negotiating environment for the upcoming Copenhagen meetings.

"The BICEP companies look forward to working closely with Chairman Waxman, Rep. Markey and other Congressional leaders to ensure that the final legislation addresses these issues while also maintaining our mutual goal of establishing a strong and comprehensive energy and climate policy for the United States."

About BICEP

BICEP companies include Gap Inc., eBay Inc., Symantec Corp., Levi Strauss & Co., Nike, Sun Microsystems, Starbucks and The Timberland Co. BICEP is coordinated by Ceres, a leading coalition of investors, environmental and public interest organizations working with companies to address sustainability challenges such as climate change.

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