CEOS calling for climate action are all for saving the world as long as they don't have to pay for it.
calling on corporations “to disclose a plan for how their business model will be compatible with a net-zero economy.”step up to lower humankind’s carbon impact, then capitalism “will fundamentally be in jeopardy.”
“There is no ambiguity or doubt about Microsoft’s commitment to the aggressive steps needed to address the world’s carbon crisis,” the company said in a statement toto be “carbon negative” by 2030. “We will all need to work through many complicated issues to address this challenge, including how to pay for these steps.
If the CEOs who belong to the Roundtable are successful in defeating the corporate tax increases at the heart of Biden’s spending plan, however, it could drastically reduce our chances of avoiding the 1.5 degrees Celsius rise in global temperatures that scientists say is required to prevent climate catastrophe, says Danielle Deiseroth, senior climate analyst at the progressive polling organization Data for Progress.
“This is our last best chance to pass meaningful climate legislation,” she says. “If we delay action any longer, we’re going to be really screwed.” Proposed policies in the bill such as expanding tax credits for electric vehicles and renewables, bringing in a tax on methane gas, and pushing utilities to use more clean energy could potentially lower U.S. greenhouse gas emissions by up to 936 million tons by 2030,The package also contains proposals to spend over $30 billion replacing lead pipes, which
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