US: The chief executive officers (CEO) of 13 US companies, including LarfargeHolcim, are lobbying the President and Congress to enact business-led climate change legislation. This initiative, known as the CEO Climate Dialogue, urges the government to put in place a long-term federal policy as soon as possible, in accordance with a set of six guiding principles. The group aims to build bipartisan support for climate policies that it says will, “… increase regulatory and business certainty, reduce climate risk, and spur investment and innovation needed to meet science-based emissions reduction targets.”
Companies involved in the CEO Dialogue include BASF, BP, Citi, Dominion Energy, Dow, DTE Energy, DuPont, Exelon, Ford Motor Company, LafargeHolcim, PG&E, Shell, and Unilever. Four environmental groups have also supplied input to the initiative. These are the Center for Climate and Energy Solutions, Environmental Defense Fund, the Nature Conservancy and World Resources Institute.
The six principles include: ‘significantly’ reducing US greenhouse gas emissions; allowing an effective timeline for reductions that will help capital intensive industries to adjust in an ‘economically rational manner’; instituting a market-based price on carbon; making the policies durable and responsible; doing no harm to the competitiveness of the US economy with particular attention to carbon leakage; and promoting equity. Specifically the initiative says that US policy should ensure the country is on a path to achieve economy-wide emissions reductions of 80% or more by 2050 with ‘aggressive’ short and medium term emissions reductions.
“Tackling the challenge of climate change is no easy task, and as industry leaders, we have an opportunity to join forces to advocate for climate legislation. It is critical we begin to set durable and achievable goals that help safeguard the environment while reducing our carbon footprint,” said Jamie Gentoso, the CEO for US Cement operations of LafargeHolcim.