Big Business Is Bankrolling an Effort to Kill the Democratic Climate Bill

[Uncle Joe]

(snip)

Today, many of those same companies—including Apple, Amazon, Walmart, Nike, Target, and dozens of others—are 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 infrastructure—it can take several years to permit, construct, and connect a solar or wind plant to the power grid—the bill almost certainly represents the country’s final chance to meet those 2025 goals, Jesse Jenkins, a mechanical-engineering professor at Princeton, told me. “We’re already talking about 2022 spending, which leaves just three years ’til 2025. If this bill doesn’t 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/

[slightlv]

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]

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]

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