ICYMI: Forbes: 4 Reasons Companies from BP America to Unilever are Thanking Rep. Curbelo for Leadership on MARKET CHOICE Act
4 Reasons Companies from BP America to Unilever are Thanking Rep. Curbelo for Leadership on Climate
Yesterday, 34 U.S. businesses sent a public letter thanking Rep. Carlos Curbelo (R-FL 26th District) for introducing the MARKET CHOICE Act (H.R. 6463), a bill to fund infrastructure investment while cutting climate pollution. Companies that signed the letter include BP America, Campbell Soup Company, The Dow Chemical Company, DuPont, General Motors, Ingersoll Rand, Lyft, Inc., IKEA North America Services, LLC, National Grid, PG&E Corporation and Shell. The Sustainable Food Policy Alliance, which includes Danone, Mars, Nestle USA and Unilever also sent its own letter of support.
Why are these companies publicly thanking Rep. Curbelo and his cosponsors? Here are four takeaways for companies of all sizes.
1. Companies recognize that the MARKET CHOICE Act is a big deal.
Businesses are way ahead of Washington, D.C. when it comes to addressing climate change, which has regrettably become a partisan issue that Congress hasn’t touched in years. However, the MARKET CHOICE Act could begin to change that. For the first time since 2010, a Republican has introduced a climate bill, and restarted a conversation in Congress about climate change that is long overdue. As the companies state in their letter, “this issue impacts our employees, our customers and the communities that we serve regardless of political affiliation – and of course, it impacts our businesses in very direct ways.”
2. Companies want market-based solutions to climate change.
The letter points out that the most effective way to fight climate change is to harness market forces to drive down emissions: “We believe that an economy-wide, market-based approach to valuing or pricing carbon, when carefully crafted, can both strengthen our economy and reduce carbon emissions by encouraging technological innovation and stimulating new investments in infrastructure, products and services.” The companies also highlight that a market-based approach “provides much-needed certainty to aid us in making long-term investment decisions that can further mitigate climate-related risks.”
While the companies aren’t endorsing this specific bill, they commend Rep. Curbelo for using a market-based approach and make the key point that “valuing or pricing carbon and strengthening our economy are not mutually exclusive – something we, as businesses, have understood for many years.”
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