
Go figure. Major corporations way ahead of the Tea Party base (I am shocked, shocked….).
Getting ready, and in some cases, actually imposing their own carbon limits – to make themselves more competitive.
NYTimes:
The development is a striking departure from conservative orthodoxy and a reflection of growing divisions between the Republican Party and its business supporters.
A new report by the environmental data company CDP has found that at least 29 companies, some with close ties to Republicans, including ExxonMobil, Walmart and American Electric Power, are incorporating a price on carbon into their long-term financial plans.
Both supporters and opponents of action to fight global warming say the development is significant because businesses that chart a financial course to make money in a carbon-constrained future could be more inclined to support policies that address climate change.
But unlike the five big oil companies — ExxonMobil, ConocoPhillips, Chevron, BP and Shell, all major contributors to the Republican party — Koch Industries, a conglomerate that has played a major role in pushing Republicans away from action on climate change, is ramping up an already-aggressive campaign against climate policy — specifically against any tax or price on carbon. Owned by the billionaire brothers Charles and David Koch, the company includes oil refiners and the paper-goods company Georgia-Pacific.
The divide, between conservative groups that are fighting against government regulation and oil companies that are planning for it as a practical business decision, echoes a deeper rift in the party, as business-friendly establishment Republicans clash with the Tea Party.
Tom Carnac, North American president of CDP, said that the five big oil companies seemed to have determined that a carbon price was an inevitable part of their financial future.
“It’s climate change as a line item,” Mr. Carnac said. “They’re looking at it from a rational perspective, making a profit. It drives internal decision-making.”
American Conservative:
This information comes from a recent report issued by the Carbon Disclosure Project, a nonprofit that specializes in organizing environmental information. The CDP report finds major oil companies, Wells Fargo, Wal-Mart, Walt Disney Company, automotive supplier Delphi, General Electric, energy companies like Duke, and even technology companies such as Google and Microsoft all including a future carbon price in their planning. The internal company projections range across industries, but generally it appears that the oil companies are forecasting the highest carbon prices in their internal planning, with BP pricing $40 per ton of carbon dioxide, Exxon Mobil $60, and Royal Dutch Shell $40.
Continue reading ““A Rational Perspective”: Corporations Prepare for Carbon Limits”