Where are Obama’s business allies on climate? Right here.
Tonight, President Obama is expected to lay out his plans for following through on his promise to “respond to the threat of climate change.” He is going to need help from leaders in the business community to accomplish those plans. The question, as a recent POLITICO article put it, is: “Who will they be?”
The article notes that many of the big utility executives that supported Obama’s climate initiatives in his first term have moved on for a variety of reasons, leaving a vacuum. “There is a need to identify some new names,” John Rowe, the retired CEO of Chicago-based Exelon said.
What the article omits, however, is that the impacts of climate policy extend well beyond just large utilities. Many industries are affected, from food and beverage, to retail, to the built sector, to the outdoor industry, to tech companies. These companies are seeing the effects of climate on their bottom lines, and many of them support action on climate policy.
Responding to the article, Anne Kelly, Director of BICEP, noted that Ceres and BICEP are working with dozens of companies that support innovative climate and energy policies, and the statistics show that they are moving in the right direction within their own operations:
"A recent report by Ceres, Calvert Investments, and WWF shows that 60 percent of the combined Fortune 100 and Global 100 have set a renewable energy goal, a greenhouse gas reduction goal or both. The world's largest companies recognize that climate change is both an economic risk and an opportunity. Should the President take bold action on climate policy, he will find support within the business community, beginning with BICEP."