Carbon Pricing is Gaining Acceptance Among U.S. Businesses

A New York Times article reports that at least 29 companies are incorporating a price on carbon into their long-term financial plans.  The list of companies includes many with ties to the Republican Party: ExxonMobil, Walmart, American Electric Power, Microsoft, General Electric, Walt Disney, ConAgra Foods, Wells Fargo, DuPont, Duke Energy, Google and Delta Air Lines. The article focuses on the political divide that this development  represents, and concludes that: “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.”  The article is based on a report by environmental data company CDP. See “Large Companies Prepared to pay Price on Carbon” in the New York Times at: http://www.nytimes.com/2013/12/05/business/energy-environment/large-companies-prepared-to-pay-price-on-carbon.html?nl=todaysheadlines&emc=edit_th_20131205&_r=0

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