SCOOP: The lobbying voice of corporate America, the Business Roundtable, is endorsing a "market-based mechanism" to combat climate change.
It's significant that America's top CEOs are uniting around the concept of pricing carbon emissions in some way.

Keep in mind it was just a decade ago when large corporations helped sink national cap-and-trade legislation (Waxman-Markey).
The idea of a "market-based mechanism," of course, is vague. There will be disagreement on what that is, how it's designed, etc.

But for someone who began covering this issue just after Waxman-Markey, it is quite remarkable how the lobbying on carbon pricing has shifted.
That said, the politics have moved a bit, too. Five years ago, a carbon tax was seen as radical, a bridge too far. Now, even progressive Democrats are shunning it, seeing it as insufficient in scale.

@ericwolff & I covered that change in Nov 2018.
@ericwolff Climate activists have coalesced around a "standards-investment-justice" platform for climate: setting rules, massive new investment & expanding social, income & racial equity.
And if you've been reporting in D.C. long enough, as I have, you've heard plenty of energy companies say they wish they'd have taken Waxman-Markey instead of the regulations that came after.

This is Corporate America staking out a position in advance of a potential Biden WH.

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Zack Colman

Zack Colman Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!