Hundreds of businesses including eBay and Nestle back federal rules to cut emissions and encourage a switch away from coal to renewable energy.
Hundreds of businesses including eBay, Nestle and General Mills have issued their support for Barack Obama’s clean power plan – billed as the strongest action ever on climate change by a US president.
The rules announced on Monday are designed to cut emissions from power plants and have been strengthened in terms of the long-term ambition as originally proposed by the president last year – but slightly weakened in the short-term in a concession to states reliant on highly-polluting coal.
White House adviser Brian Deese said the Environmental Protection Agency (EPA) rules represented the ‘biggest step that any single president has made to curb the carbon pollution that is fuelling climate change’. The US is the world’s second biggest carbon emitter after China.
But 365 businesses and investors wrote to 29 state governors to strongly support the rules which they said would benefit the economy and create jobs.
Mindy Lubber, who is attending the launch ceremony of the rules on Monday and is the president of Ceres, a network of investors that organised the letter said: ‘The clean power plan is the right measure at the right time. It’s a flexible, practical and economically sound blueprint to transition America toward a low-carbon future’.