Five leading U.S. corporations joined with Ceres today to announce the launch of a new business coalition calling for strong U.S. climate and energy legislation in early 2009 to spur the clean energy economy and reduce global warming pollution. The group’s key principles include stimulating renewable energy, promoting energy efficiency and green jobs, requiring 100 percent auction of carbon allowances, and limiting new coal-fired power plants to those that capture and store carbon emissions.
The founding members of Business for Innovative Climate and Energy Policy (BICEP) are Levi Strauss & Co., Nike, Starbucks, Sun Microsystems and The Timberland Company.
BICEP members believe that climate change impacts will ripple across all sectors of the economy and that various new business perspectives are needed to provide a full spectrum of viewpoints for solving the climate and energy challenges facing America.
For more details on BICEP and the BICEP priciples visit here.
Ceres is a leading coalition of investors, environmental groups and other public interest groups working with companies to address sustainability challenges such as global climate change.
View this short video on the Investor Summit on Climate Risk that Ceres organised earlier this year at the United Nations.