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Business Leaders Applaud EPA’s Proposed Power Plant Rules as Good for Business and the Economy

For Immediate Release: 
June 2, 2014
Contact Info
Bob Keener
ASBC
617-610-6766

WASHINGTON, DC (June 2, 2014) – Today, business leaders endorsed the official announcement of the Environmental Protection Agency’s (EPA) proposed carbon standards for existing power plants. The standards would require power plants to cut carbon emissions by 30 percent by 2030, using 2005 emission levels as a baseline. It would also allow states to have flexibility in how they meet those targets, including using regional cap-and-trade mechanisms.

“Business leaders recognize and applaud the President and the Environmental Protection Agency for the leadership demonstrated on issuing these rules to mitigate the worst impacts of climate change, while opening the door for innovation and job creation.” said David Levine, CEO and Co-founder of the American Sustainable Business Council. We look forward to working with state governors and legislatures to implement these rules.”

"EPA’s rule will help to continue America’s recent trend toward reduced greenhouse emissions,” said Julie Gorte, Senior Vice President for Sustainable Investing at Pax World. “For businesses and particularly for investors, this will help to reduce the potential risks all businesses face from climate change. EPA’s proposed rule was crafted specifically to build on existing technologies and capacities, and implementing it is something that can be done—and must be done."

"The effects of climate change are threatening economic prosperity, human health, and families,” added John Replogle, CEO of Seventh Generation. “The risk and harm to the economy overall from severe weather events' impact on supply chains will affect all businesses and the communities they serve. By limiting emissions from power plants, we’ll take a significant step in reducing our exposure to climate change.”

"Singlebrook Technology is proud to support the proposed rules,” said Elisa Miller-Out, CEO of Singlebrook. “Not only will they help combat climate change, but any incremental cost will most certainly be outweighed by the benefits every industry, including the tech industry, will see."

“When businesses experience extreme weather events, the economic impact from lost sales and lost time can be more damaging that the immediate physical consequences,” said Susan Labandibar, President of Tech Networks of Boston. “From 2011-2013, damages from extreme weather events exceeded $200 billion. Small businesses, with their single-location dependencies, often bear the brunt of these costs. Setting limits on carbon pollution promotes innovation in clean energy technologies which helps us create sustainable employment for a clean energy future.”

"The Business Alliance for a Sustainable Economy Kansas City is excited to see the new proposed EPA regulations,” said Pam Hausner, Founder of Business Alliance for a Sustainable Economy Kansas City (BASE KC). “The many different businesses in our organization have seen the effects of climate change first hand; including supply chain disruptions, physical damage from extreme weather, and soaring energy costs. We applaud these new rules and look forward to seeing the benefits."

Last year, a national, scientific poll of small business owners commissioned by the American Sustainable Business Council, found that 63% of small business owners support EPA efforts to limit carbon dioxide emissions of power plants. It also found that 62% of small business owners oppose continuing subsidies to oil, gas and coal companies. The small business owners in the survey were 47% Republicans, 27% Democrats and 14% Independents.

The American Sustainable Business Council and the ASBC Action Fund represent a membership network of more than 200,000 businesses nationwide, and more than 325,000 entrepreneurs, executives, managers and investors. The Council www.asbcouncil.org informs policy makers and the public about the need and opportunities for building a vibrant and sustainable economy. The Action Fund www.asbcaction.org advocates for legislative change.