Is the Chamber of Commerce out of Touch with Its Members on Cap and Trade Policy?
Oct 1, 2009
In the past few days, many major companies have dropped their memberships in the US Chamber of Commerce because they feel the trade organization is out of touch with reality about cap and trade policy.
According to the Wall Street Journal, Exelon Corp. on Monday became the third big utility in the past week to quit the U.S. Chamber of Commerce over the influential business group’s stance against federal climate-change legislation.
The decision by Exelon, one of the nation’s biggest nuclear power-plant operators, to quit the Chamber follows similar moves by PG&E Corp. and PNM Resources Inc. and highlights a growing rift between the nation’s power sector and other industries over climate policy.