On Tuesday, President Obama laid out his plan to reduce carbon pollution—just like we have for other toxins like mercury and arsenic—so we protect the health of our children, move our economy toward American-made clean energy sources that will create good jobs and lower energy bills, and begin to slow the effects of climate change. The plan was immediately met with broad support from business leaders across a broad array of industries. Here’s a quick look at what they’re saying:
Business Roundtable recognizes the potential consequences of climate change and supports both government and private sector actions to reduce greenhouse gas emissions globally. The President’s proposals today are a mix of commonsense steps we can all support – such as increasing energy efficiency across all sectors of the economy – and measures that will require additional careful attention to ensure they can be deployed in an equitable and effective global framework. For instance, we look forward to reviewing how the Administration plans to regulate emissions from existing power plants. Partnering with industry and stakeholders will be critical to a smart, economically sound approach. The Roundtable has advocated for increased permitting of alternative energy projects and collaboration between the public and private sectors on technology, efficiency and transmission investment, and is pleased to see a renewed commitment from the President. Significant changes to the U.S. tax code should be made only within the context of comprehensive tax reform, not on an ad hoc basis targeting specific industries.”
Walmart | Mike Duke, President and CEO
We applaud the President and his administration for their commitment to renewable energy and conservation. Investing in renewable energy and energy conservation are good for business, good for communities and good for the environment. When we use less energy, that’s less energy we have to buy, and that means less waste and more savings for our customers. Over the last few years we’ve made meaningful progress towards our goal to be supplied by 100 percent renewable energy. Walmart now has over 300 renewable energy projects in operation or under development around the world, and the Environmental Protection Agency (EPA) has named us the number one user of onsite renewable energy. As we continue on our journey we will continue to leverage our scale in purchasing energy so we can drive down technology costs and make renewable power more affordable for everyone.
Dominion Resources | Thomas F. Farrell II, Chairman, President and CEO
“Dominion has long been committed to a comprehensive national energy and environmental policy that balances the nation’s needs for clean, reliable and affordable energy with reducing our environmental footprint — a plan that is cost effective, economy wide and market based. …As the President’s proposal recognizes, the nation must continue to rely on an “all of the above” approach that includes renewable energy, advanced nuclear, natural gas and clean coal technologies as well as energy efficiency, conservation and demand-side management. The key will be doing so in a way that recognizes the broader energy and economic issues through regulatory certainty, compliance flexibility, technological feasibility and cost effectiveness.”
American Electric Power | Melissa McHenry, Spokeswoman
“The President appears to be taking a balanced approach to addressing the issue. The focus on resilience, clean coal technologies, electric vehicles, energy efficiency and transmission investment demonstrates that the Administration is looking at a full portfolio of actions to address the issue – not just cutting emissions from power plants. We look forward to working with the Administration to support those efforts.”
Nike | Hannah Jones, VP Sustainable Business & Innovation
“Nike applauds President Obama’s leadership to mitigate climate change. Nike, together with a number of other companies, has signed the BICEP Climate Declaration urging action on climate change and we are supportive of the President’s focus on tackling this systemic challenge. Now is the time to work together on an innovative, bold framework. We look forward to reviewing the details of the President’s plans and working with the Administration, Congress, and other businesses to move forward on strategies to address climate change.”
This article, Business Leaders Support President Obama’s Plan to Reduce Carbon Pollution, is syndicated from The White House and is posted here with permission.