Major U.S. Companies and Investors Urge Congress to Take Action on Climate

More than 100 leading companies and investors are meeting with key lawmakers to push for ambitious climate legislation, citing the need for federal investments in clean energy, transportation, and infrastructure to address the growing climate crisis. Participating companies, including Best Buy, bp America, Carrier, Clif Bar, and many others, collectively represent over $1.6 trillion in annual revenue and $4.6 trillion in assets under management. They are urging Congress to seize the economic opportunities of the clean energy transition, create jobs, and reduce costs and volatility for businesses and consumers.

Key Takeaways:

• The LEAD on Climate 2022 event brings together over 100 companies and investors, including Best Buy, bp America, Carrier, Clif Bar, and many others, to push for climate legislation.
• Participating companies collectively represent over $1.6 trillion in annual revenue and $4.6 trillion in assets under management.
• Companies are calling for Congress to pass ambitious federal investments in clean energy, transportation, and infrastructure.
• They are urging lawmakers to seize the economic opportunities of the clean energy transition, create jobs, and reduce costs and volatility for businesses and consumers.
• The event comes as Congress considers major investments in clean energy, transportation, and infrastructure, as well as the advanced manufacturing and supply chain capabilities to support it.
• Companies are advocating for policies that target climate and clean energy investments in disadvantaged, rural, and frontline energy communities.
• Participating companies have been actively pushing for these measures for months, with many signing letters and meeting with lawmakers to make their case.
• The LEAD on Climate 2022 event is organized by the sustainability nonprofit Ceres, which works with the most influential capital market leaders to solve the world's greatest sustainability challenges.

Statistics:

• Over 100 companies and investors are participating in LEAD on Climate 2022.
• Participating companies collectively represent over $1.6 trillion in annual revenue.
• Participating companies collectively represent over $4.6 trillion in assets under management.
• Companies are calling for Congress to pass ambitious federal investments in clean energy, transportation, and infrastructure.
• Participating companies have been actively pushing for these measures for months, with many signing letters and meeting with lawmakers to make their case.
• The bipartisan Infrastructure Investments and Jobs Act signed into law in 2021 included significant clean energy, clean transportation, climate mitigation, and pollution cleanup measures.

Sources:

• M2 PRESSWIRE, May 12, 2022
• Ceres: https://www.ceres.org/
• LEAD on Climate 2022 participants: https://www.leadonclimateaction.org/2022-participants/