Companies Support Clean Power Plan
The Environmental Protection Agency Administrator Gina McCarthy announced last week that under the newly unveiled Clean Power Plan our nation’s power plants will reduce carbon emissions by 30% below 2005 levels by 2020. The Clean Power Plan is the single largest action a nation has ever taken to reduce its greenhouse gas emissions, and Climate Declaration companies were quick to support it.
In a letter to President Obama, 128 companies joined with 49 investors in support of reducing carbon emissions from power plants. The letter was highlighted in several major media stories as an example that not all businesses are against carbon reductions, despite messages from the U.S. Chamber of Commerce that the rules are bad for our economy.
“As businesses concerned about the immediate and long-term implications of climate change, we, the undersigned, strongly support the principles behind the draft Carbon Pollution Standard for existing power plants released today,” the companies wrote. “The Environmental Protection Agency’s (EPA) proposed Carbon Pollution Standard for existing power plants represents a critical step in moving our country toward a clean energy economy.”
The Clean Power Plan will go through a public comment period in the next several months, and we will continue to work with our business and investor partners to bolster support for this critical action to tackle climate change.
For news and social media highlights, see below.
“This powerful statement of support from more than 170 companies and investors is clear evidence that the EPA rule is both urgently needed and will help, not hinder, the U.S. economy,” Mindy Lubber, president of Ceres, said in a statement.
"Not all business groups are calling President Obama’s climate plan a bottom-line buster. The environmental advocacy group Ceres released a letter of support to the White House with backing from 173 investors and companies including giants such as Unilever, the VF Corporation and Mars."
"In an initiative organised by Ceres, the green investor network, 128 companies and 49 investors managing $800 billion in assets, sent letters to the White House and leaders of both parties in Congress supporting the new rules as "a critical step" to dealing with climate change.”