It’s no huge surprise that the U.S. Chamber of Commerce, the nation’s largest corporate interest group, is fighting any congressional attempts to pass legislation that would address the looming climate change disaster, but the chamber’s fanaticism is even starting to drive away some of its major backers in the energy sector.
Exelon Corp., a Chicago-based supplier of electricity and natural gas, says it will not renew its membership in the U.S. Chamber — making it the third energy company to announce it is pulling out.
“Inaction on climate is not an option,” Exelon Chairman John Rowe said. “If Congress does not act, the EPA will, and the result will be more arbitrary, more expensive, and more uncertain for investors and the industry than a reasonable, market-based legislative solution.”
Pacific Gas & Electric and PNM Resources of New Mexico are other major players in the energy business who are quitting the chamber over its opposition to cap-and-trade legislation. And these aren’t companies run by a bunch of left-wing hippie enviros.
Leave a Reply