Corporate America is calling on Congress to pass big climate policy in the most aggressive and united way since 2009.
Driving the news: Companies across virtually all sectors of the economy, including big oil producers, are beginning to lobby Washington, D.C., to put a price on carbon dioxide emissions.
A new coalition launched last week, a similar advocacy campaign is unveiling new corporate money today, and in yet another separate but parallel effort, executives from more than 75 companies will be on Capitol Hill this week lobbying on the issue.
The intrigue: This is happening against a tumultuous background that may not welcome such a shift.
On one side, President Trump outright dismisses climate change as a serious issue.On the other, a loud chorus of environmentalists and progressive leaders, led by Rep. Alexandria Ocasio-Cortez and presidential candidate Bernie Sanders, say big corporations — especially fossil-fuel producers — can’t be trusted.
Where it stands: Three separate but similar corporate-led campaigns are calling for an explicit price on carbon emissions.
Three big energy companies — Shell, BP and EDF Renewables — have each newly committed $1 million over two years to a lobbying group, called Americans for Carbon Dividends. That group wants Congress to pass policy putting a