Biden’s climate stance spurs business interest in CO<sub>2</sub> pricing
A growing number of companies and business associations have expressed support
As the Biden administration settles into office and begins to lay out its priorities, it is becoming apparent that putting a price on carbon may not be the lost cause that it has seemed in recent years. The launch of a more aggressive climate stance in Washington has already drawn reaction from the business community. The US Chamber of Commerce said in a remarkable about-face on 19 January that it is not averse to carbon pricing. “We believe that durable climate policy must be made by Congress, and that it should encourage innovation and investment to ensure significant emissions reductions,” the Chamber said in an updated position paper posted on its website. “This policy should include wel
Also in this section
3 May 2024
Developers look to government’s forthcoming budget to restore support as industry suffers loss of momentum
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist