Urban Fold

Republican Rift Plays Out Over Carbon Pricing

Embracing the inevitability of some sort of carbon pricing scheme being adopted by the U.S. Government, many of the nation's biggest corporations are incorporating such costs into their financial planning. One major player isn't giving up the fight.

In a significant sign of the growing pressures to address climate change, Coral Davenport reports that "[m]ore than two dozen of the nation’s biggest corporations, including the five major oil companies, are planning their future growth on the expectation that the government will force them to pay a price for carbon pollution as a way to control global warming." 

However, at least one giant corporation - Koch Industries - "is ramping up an already-aggressive campaign against climate policy — specifically against any tax or price on carbon."

"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."

Full Story: Large Companies Prepared to Pay Price on Carbon

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