Corporations Pulling Out Of U.S. Climate Change Partnership

The almost daily scandals becoming public about the climate change alarmist movement, appear to be taking their toll on their agenda. The Wall Street Journal is reporting that ConocoPhillips, BP America, and Catepillar have all announced that they will be leaving the U.S. Climate Action Partnership.

Competitive Enterprise Institute (CEI): Myron Ebell, CEI's Director of Energy and Global Warming Policy and Freedom Action, released the following statement on this situation: "In dropping out of the U. S. Climate Action Partnership, BP America, Conoco Phillips, and Caterpillar are recognizing that cap-and-trade legislation is dead in the U. S. Congress and that global warming alarmism is collapsing rapidly. We hope that other major corporations will soon see the light and drop their support for cap-and-trade and other energy-rationing legislation.

These announcements are most welcome, but they do not mean that we can relax our efforts to defeat and roll back energy-rationing legislation and regulations. Many policies and proposals that would raise energy prices through the roof for American consumers and destroy millions of jobs in energy-intensive industries still pose a huge threat. These include the EPA’s decision to regulate greenhouse gas emissions using the Clean Air Act, environmental pressure group efforts to use the Endangered Species Act to stop energy production and new power plants, the higher fuel economy standards for new passenger vehicles enacted in 2007, presidential executive orders, and bills in Congress to require more renewable electricity, higher energy efficiency standards for buildings, and low carbon transportation fuel standards."

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