Nike, Starbucks, and other big businesses step up to support Obama’s climate rules

Posted: December 8, 2014 in Uncategorized

Grist

Obama’s plan to regulate carbon dioxide emissions from power plants “is a dagger in the heart of the American middle class, and to representative Democracy itself,” said a poetic-feeling Sen. Mitch McConnell (R-Ky.) back in June. He went on to claim the plan would mean “higher costs, fewer jobs, and a less reliable energy grid.”

“Nope,” said Nike, Starbucks, and 221 other companies on Tuesday in a letter to President Obama. (I’m paraphrasing).

The plan, which would cut carbon pollution from power plants by 30 percent over 2005 levels, will, the EPA estimates, cost between $7.3 billion and $8.8 billion to implement, but will save between $55 billion and $93 billion in public health and climate change–related costs. (It will also save thousands of lives, if you want to factor that into the equation.)

The letter, signed by other major household names like Ikea, Kellogg’s, and Nestle, and…

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