Yesterday I was reading the latest annual report for Exelon Corporation. In the letter to the shareholders the Chairman and CEO came out strongly in favor of climate change legislation. Always intrigued when business -- and especially energy producers -- press for more government regulation I kept reading:
Last year, I wrote about the serious challenge we face as a nation and as a world community in responding to global climate change. The science behind climate change is now compelling – global average temperatures are rising and human activity is a major contributor. We must begin to address the problem now. Unfortunately, there are no easy regulatory or technological solutions. Exelon has been a leading industry voice for federal enactment of greenhouse gas regulation since 2002. We continue to actively advocate for a mandatory, economy-wide climate program that will begin to address the problem effectively without imposing an impossible financial burden on our customers or the economy as a whole. Betsy Moler and her Washington team press the issue daily, both individually and in cooperation with the National Commission on Energy Policy, the U.S. Climate Action Partnership and the Clean Air Group.So, basically by their own admission, the company has its lobbyists out in DC pressing for this legislation because their product stands to benefit. The notion that this is being done out of genuine concern for the environment is laughable. Absolutely disgusting.
Exelon is well positioned to succeed in a carbon-constrained world by virtue of our world-class nuclear fleet.
1 comment:
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