A new coalition of big environmental groups and big corporations have teamed up to push for what they’re calling “a market-based solution” to the climate crisis.
Many of its members formerly sat as members of a group with a similar mission, the U.S. Climate Action Partnership (USCAP). CAP, which lasted from 2006-2010, pushed a major climate bill opposed by progressives during the Obama-era. Its efforts—pushing a bill which did not pass and which may have actually worsened the climate crisis even if it did—arguably set back taking serious action on climate change by a decade, locking in worsening climate impacts as a result.
Calling itself the CEO Climate Dialogue, the group’s launch comes as the progressive activists have come out in support of a Green New Deal, which aims to get the United States to net-zero greenhouse gas emissions by 2050 and create millions of jobs in the process.
The CEO Climate Dialogue, by contrast, says on its website that it aims to reduce greenhouse gas emissions 80 percent by 2050. Its corporate members include fossil fuel companies such as BP, Shell, Dominion Energy, Dupont, Dow Chemical, Pacific Gas and Electric. Other companies…