Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Big Business Is Bankrolling an Effort to Kill the Democratic Climate Bill
(snip)
Today, many of those same companiesincluding Apple, Amazon, Walmart, Nike, Target, and dozens of othersare funding efforts to kill the Democratic reconciliation bill, which contains significant climate provisions that would allow the U.S. to meet its Paris Agreement goals.
This campaign is a quieter one. The companies are financing it through their membership fees in pro-business trade groups such as the Business Roundtable, a coalition of CEOs that lobbies for corporate-friendly policy.
That campaign seems to violate those same companies climate commitments. The bill would eliminate nearly 1 billion tons of carbon in the next decade, according to an analysis from the Rhodium Group, an energy-research firm. Its climate provisions would be the largest single portion of a comprehensive plan for the U.S. to meet its nationally determined contribution under the Paris Agreement, Trevor Houser, a partner at Rhodium, told me.
Because of the long timelines involved in actually building zero-carbon infrastructureit can take several years to permit, construct, and connect a solar or wind plant to the power gridthe bill almost certainly represents the countrys final chance to meet those 2025 goals, Jesse Jenkins, a mechanical-engineering professor at Princeton, told me. Were already talking about 2022 spending, which leaves just three years til 2025. If this bill doesnt pass now, the window to move the needle has closed, he said.
(snip)
https://www.theatlantic.com/science/archive/2021/10/big-companies-are-funding-campaign-kill-climate-bill/620278/
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 1344 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (15)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Big Business Is Bankrolling an Effort to Kill the Democratic Climate Bill (Original Post)
Uncle Joe
Oct 2021
OP
slightlv
(2,635 posts)1. Didn't I just see
where the ability to live by the coast is going to be prohibitive not only because of the main cause of climate change -- sea level rise-- but because insurance cost levels are going to rise by double digits every year starting in 2022? Sounds like big business have already decided where their profit margins are going to come from in the climate change era and they're not going to change their spreadsheet planning!
CousinIT
(9,151 posts)2. USChamber is one of those 'trade groups' - it's a big fat racketeering outfit
that is fighting tooth and nail against Build Back Better. Also Kochs, Exxon-Mobil, American Petroleum Inst., PHRMA, etc.
CousinIT
(9,151 posts)3. Big Business Selfish assholes
The IPCC report is clear: nothing short of transforming society will avert catastrophe
https://www.theguardian.com/commentisfree/2021/aug/09/ipcc-report-transforming-society-avert-catastrophe-net-zero
https://www.theguardian.com/commentisfree/2021/aug/09/ipcc-report-transforming-society-avert-catastrophe-net-zero