Corporate America loves climate action. At least, that’s what companies’ public climate pledges would have you think. But their lobbying activity often says otherwise.
Despite ambitious commitments to reduce their greenhouse gas emissions, a new report from the nonprofit ClimateVoice reveals that 12 of the U.S.’s largest pro-climate companies are obstructing efforts to pass the Build Back Better Act — the multitrillion-dollar budget reconciliation package that would help set the nation on track to meet the Paris Agreement goal of limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit).
The White House and progressive senators say the Build Back Better Act is the nation’s best chance of mitigating future climate change-related suffering and costs, which promise to be astronomically higher than the upfront cost of reducing emissions now. But the bill, which contains funding for various green initiatives, tax credits for clean energy, and a program that would slash roughly 80 percent of the emissions from the electricity sector by the end of this decade, is on the rocks. Democrats can’t decide amongst themselves how much to spend on the package or even exactly which programs should be included in it. If the climate portion gets declawed or cut entirely, the left may not get another opportunity to pass climate policy for a very long time.
As this debate plays out, corporations including Coca-Cola, McDonald’s, Nike, and Pfizer are among those that are “missing the moment,” ClimateVoice’s report said.
Read the full article about corporate climate responsibility by Joseph Winters and Zoya Teirstein at Grist.
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