Businesses and investors urge Trump not to ignore climate change

by the Editor

A letter released on Tuesday contains signatures from 530 companies, including Campbell Soup and Johnson & Johnson, urging President-elect Donald Trump to take action to fight climate change.

The move comes at the start of Senate hearings to confirm the President-elect’s cabinet nominees, who are opposed to existing climate policies, including the Obama administration’s Clean Power Plan to cut coal power plant emissions.

The letter contains signatures from roughly 200 more companies and investors than when initially submitted following the November election, including Campbell Soup, Johnson & Johnson and the New York State Retirement Fund. The previous plea was signed by companies such as Monsanto, eBay, Levi Strauss and Staples.

The full letter follows and can be seen at: http://www.lowcarbonusa.org/

Dear President-elect Trump, President Obama, Members of the US Congress, and Global Leaders:

We, the undersigned members in the business and investor community of the United States, re-affirm our deep commitment to addressing climate change through the implementation of the historic Paris Climate Agreement.

We want the US economy to be energy efficient and powered by low-carbon energy. Cost-effective and innovative solutions can help us achieve these objectives. Failure to build a low-carbon economy puts American prosperity at risk. But the right action now will create jobs and boost US competitiveness. We pledge to do our part, in our own operations and beyond, to realize the Paris Agreement’s commitment of a global economy that limits global temperature rise to well below 2 degrees Celsius.

We call on our elected US leaders to strongly support:

1 Continuation of low-carbon policies to allow the US to meet or exceed our promised national commitment and to increase our nation’s future ambition
2 Investment in the low carbon economy at home and abroad in order to give financial decision-makers clarity and boost the confidence of investors worldwide
3 Continued US participation in the Paris Agreement, in order to provide the long-term direction needed to keep global temperature rise below 2°C

Implementing the Paris Agreement will enable and encourage businesses and investors to turn the billions of dollars in existing low-carbon investments into the trillions of dollars the world needs to bring clean energy and prosperity to all.

We support leaders around the world as they seek to implement the Paris Agreement and leverage this historic opportunity to tackle climate change.

ENDS