Folded into the Democrats’ multitrillion-dollar budget reconciliation package is some of the U.S.’s most far-reaching climate legislation ever. Even scaled back from its originally proposed size of $3.5 trillion, the bill could go a long way toward helping the nation meet the Paris Agreement goal of limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit).
But corporate opposition has been fierce. In recent months, powerful lobbying groups have unleashed a storm of advertisements, reports, and targeted donations meant to stop the package from passing. And while many of these efforts have been spearheaded by the usual suspects — Koch Industries front groups, for example — others have been quietly backed by the U.S.’s largest and ostensibly greenest companies.
Disney, AT&T, Deloitte, United Airlines, and some of the country’s biggest tech firms — including Apple and Microsoft — are among dozens of the country’s most powerful corporations helping to block the passage of President Joe Biden’s landmark climate legislation, according to a new report from the corruption watchdog group Accountable.US. Their contributions to groups like the U.S. Ch... Read more
