Ceres: Major U.S. companies call for swift passage of ambitious federal climate policy to build an affordable, competitive clean economy

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Feb 15, 2022, 12:19 ET

WASHINGTON, Feb. 15, 2022 /PRNewswire/ -- Chief executives and other senior leaders from dozens of influential U.S. companies, including General Motors, LafargeHolcim, and Siemens USA, will meet this week with congressional offices to urge swift passage of a federal reconciliation bill that includes historic climate, clean energy, and environmental justice investments.

The companies are asking Congress to swiftly approve a reconciliation package with $550 billion in fiscally-sound investments in clean power, transportation, industry, and agriculture, as well as environmental justice, at its foundation. Companies and their investors support these measures because they will reduce costs for businesses and consumers, bolster domestic manufacturing of affordable, reliable clean energy technologies to meet growing global demand, strengthen supply chains against delays and disruptions, and deliver much-needed benefits to disadvantaged communities. Passage of such a package in the coming weeks is critical if the U.S. is going to have a chance at meeting its goal to cut emissions in half by 2030 and build a more just and equitable economy before it's too late.

"Once again, major employers across the U.S. economy are showing lawmakers that they understand the urgency of ambitious climate policy action to keep the nation competitive," said Zach Friedman, director of federal policy at Ceres. "Passing a package with the $550 billion in clean energy investments will help build an economy where U.S. workers, businesses, and families can thrive. Now is the time for lawmakers to make and take a reconciliation deal with climate, clean energy, and environmental justice at its foundation."

This week's meetings come as President Joe Biden and House and Senate lawmakers prepare to ramp up negotiations again on a budget reconciliation package. Companies and investors have spent the past year advocating for federal climate policy action that will put the U.S. in the strongest possible position to address the threat of the climate crisis to the economy and financial markets, lower utility costs with reliable and affordable clean power, and capitalize on the economic opportunities of the clean energy transition.

In December, more than 400 investors and companies of all sizes and industries from across the country sent a letter to members of Congress calling for the "swift enactment" of the historic climate investments included in the Build Back Better reconciliation package.

Media Contact: Helen Booth-Tobin, [email protected], 617-247-0700 ext. 214

Full press release

SOURCE Ceres