Monday, March 22, 2010 12:03 PM
Businesses Hail Senate Trio's Efforts
By Amy Harder, NationalJournal.com
A group of more than 150 companies, including nuclear giant Exelon and several other utilities, issued joint statements today hailing efforts by Sens. John Kerry, D-Mass., Lindsey Graham, R-S.C., and Joe Lieberman, I/D-Conn., to craft climate and energy legislation.
"Until Congress passes comprehensive climate legislation, American companies will face a carbon purgatory -- they will lack the legislative and regulatory certainty they need to start making the substantial investments required to transition to a low-carbon future," John Rowe, chairman and CEO of Exelon, said in a statement. "We look forward to working with the sponsors to enact legislation that is good for the planet and the economy."
The statements were released by members of We Can Lead. The coalition includes member companies ranging from Starbucks to utilities such as Avista to NRG. The release comes on the heels of a similar statement issued Friday by nearly 20 environmental groups also praising the Senate trio for their efforts.
The senators plan to circulate (subscription) an outline of their bill to both industry and environmental leaders this week.
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