CEO Climate Dialogue Statement on the Supreme Court’s Ruling in West Virginia v. Environmental Protection Agency
July 1, 2022
WASHINGTON, D.C. — The CEO Climate Dialogue – a broad-based coalition of 26 leading businesses and institutions representing sectors across the U.S. economy—energy and resources, utilities, agriculture and food, automotive, chemicals, manufacturing, financial services, and environmental advocacy – released the following statement in response to the Supreme Court’s decision in West Virginia v. Environmental Protection Agency:
“Yesterday’s Supreme Court ruling highlights the urgent need for federal action on climate change. Congress must match that urgency by enacting meaningful climate legislation.
Climate and energy-related tax incentives that are under consideration would make historic investments in reducing emissions across the economy, representing the strongest federal climate legislation to date in the United States. CCD believes Congress can start to make progress by passing these critical tax incentives. To achieve our ultimate goal, Congress must then pass meaningful climate legislation that establishes an economy-wide price on carbon. An economy-wide price on carbon is the most effective mechanism to harness market forces to create clean energy jobs, encourage the development and deployment of clean energy technologies, and accelerate the transition to the low-carbon economy that is needed to reach net-zero emissions by 2050.
We cannot afford to wait—Congress must prioritize climate action now.”