by Richard T. Stuebi
The USCAP is a group of organizations who have come together to press the U.S. Federal government to stop arguing and start taking real action to address climate change. And, from what I read in the report, it’s very encouraging, not just “green-wash”.
USCAP states that “we know enough to act on climate change”, and recommends “national legislation in the United States to slow, stop and reverse the growth of greenhouse gas emissions over the shortest period of time reasonably achieveable.” USCAP “pledge[s] to work with the President, the Congress, and all other stakeholders to enact an environmentally effective, economically sustainable, and fair climate change program consistent with our principles at the earliest practicable date” .
USCAP strongly argues for “mandatory approaches to reduce greenhouse gas emissions from the major emitting sectors”. And, the targets they propose are not toothless: current levels within 5 years of enactment, 90-100% of current levels within 10 years of enactment, 70-90% of current levels within 15 years of enactment, and — most importantly — 20-40% of current levels by 2050.
These are not the positions of parties that merely want to appear concerned about the environment. These statements are very consistent with those of leading environmental organizations — which shouldn’t be that surprising, given that several USCAP members are in fact leading activists on the climate change issue: Environmental Defense, NRDC, Pew Center on Global Climate Change and World Resources Institute.
Let’s give due credit to the corporate members of USCAP, who are making it increasingly acceptable for the private sector to get on board the bandwagon for promoting action to combat climate change:
Unfortunately, these companies are far ahead of many others who should also be, but aren’t, on this list advocating for climate change action.
Hopefully, with ongoing pressure from the public, politicians, peers and investors, the list of USCAP members will grow to include all the major players in the energy and financial worlds. Maybe then we’ll finally see the stalemate in DC on climate change start to break. Until then, the companies on the roster of shame remains way too long for me to list here.
If you own shares in energy companies that aren’t on this list, you might write to urge management to get aboard the USCAP movement, and to reposition the company accordingly. Or, you might want to think about dumping the stock, as it might not fare well in a carbon-constrained future, given the company’s apparent preference for clinging to the past in a defensive posture rather than seeking to seize the future.