Corporate America unites behind clean energy standard

Source: BY MATTHEW CHOI, Politico • Posted: Wednesday, July 7, 2021

Nearly 80 major corporate entities are pressing Congress to enact a federal clean electricity standard. The businesses want the power sector to hit an 80 percent reduction in carbon emissions from 2005 levels by 2030 — and meet President Joe Biden’s goal of 100 percent clean electricity by 2035.

“Passage of a federal clean electricity standard will drive large amounts of new renewable generation and do so in a way that provides businesses with a clear path and expectations to make needed investments at the scale and speed necessary,” the companies write in a letter, obtained by ME.

Among the notable signatories: Apple, eBay, Etsy, Exelon, General Motors, HP, Johnson Controls, Levi Strauss, Paypal, Salesforce, TechNet and Unilever.

The new push comes as congressional climate hawks, such as Sen. Sheldon Whitehouse, have said corporate America has not put its weight behind meaningful climate policy, despite its public pronouncements. Whitehouse told POLITICO in mid-May that the business community had “better get off [its] rear end right now” if it was sincere about wanting federal climate change policy.