Business Recommits to Carbon Reduction Targets
In the face of claims by president-elect Donald Trump that he will eliminate the EPA, roll back environmental regulations, bring back coal production, and withdraw from the COP21 Paris Agreement, the private sector is pushing back by highlighting corporate goals to reduce carbon emissions. 365 US companies —including Nike, Starbucks, and Levi Strauss—have signed a letter urging the incoming Trump administration to remain committed to the Paris Agreement. Dozens of Fortune 500 businesses including Walmart, Microsoft, Mars, Berkshire Hathaway, and Goldman Sachs have said that they will continue to work to source 100 percent of their electricity through the RE100 partnership. And the top 50 US corporate buyers of wind and solar power are on track to add 17.4 gigawatts of clean energy by 2020, according to Bloomberg New Energy Finance. Such strong statements from the private sector underline its leadership role in addressing climate change.
John Howell, Editorial Director