Which 500 companies pay carbon tax

I would also like to see these companies engage in direct advocacy for pricing carbon. Wednesday's blitz on Capitol Hill highlighted the growing support among different industries for a carbon tax. Representatives of Microsoft, Pepsi, BP and others held day-long meetings with House and Senate lawmakers on both sides of the aisles to share their support. The facts are really clear and frankly indisputable. In Congress, Democrats have said that a carbon price is needed to fully curb the current rate of emissions in the U.

Lawmakers have put forward a handful of bills, though none have gained serious traction. Coons last year co-sponsored a bill supporting a carbon tax with former Sen. Kevin Brady Kevin Patrick Brady Economic growth rate slows to 2 percent as delta derails recovery Democratic retirements could make a tough midterm year even worse Yellen confident of minimum global corporate tax passage in Congress MORE of Texas, ranking member on the House Ways and Means Committee, said at a hearing on carbon pricing last week.

It is critical that the U. Setting a price on carbon will incentivize businesses to reduce carbon emissions and accelerate a low-carbon future.

At Autodesk, we have continued to reduce our greenhouse gas emissions through implementation of our own internal price on carbon. Now is the time for Congress to level the playing field and help U. That is why we are actively working toward our goal to use percent renewable energy in our electricity supply by at our data centers and our offices—and also why eBay supports policy action to help us tackle climate change. The science is clear - climate change is a massive global challenge and we have limited time to make the kind of progress needed.

But no matter how much any one company does, federal policy is needed to drive large-scale change. It is a critical component of a comprehensive policy portfolio designed to reduce carbon emissions on a scale that the planet will notice. Jaime Barclay, Director of Corporate Responsibility at Symantec: A sharp focus on environmental performance not only supports our business objectives — it also contributes to the urgent action needed to combat global climate change and other environmental challenges.

Symantec is playing its part in transitioning to a low-carbon and more sustainable future by zapping greenhouse gas emissions by 32 percent, launching an employee-focused environmental campaign, and supporting a nationwide price on carbon. For almost three decades, our comprehensive health and sustainability initiatives have provided significant benefits for our guests, our team members and our company.

We are honored to stand today with our forward-thinking peers in the mainstream business community to call for a national price on carbon pollution. That is why we adopted our own internal price on carbon to help us do our part to tackle climate change. We also need Congress to pass comprehensive climate legislation that includes a strong price on carbon—which we understand to be the best way to help businesses both reduce our carbon footprint and spur continued economic growth.

The short term and long term benefits of reducing greenhouse gas pollution through carbon pricing far outweigh the costs.

At the same time, we know that we can do more, faster and cheaper, with government leadership that puts a price on carbon and helps us to invest in renewable energy. A well-designed price on carbon is essential to incentivize the innovation and investment necessary to drive the transition to a low-carbon economy.

We must act now to keep the U. Big Oil operators and many independents have for years used carbon pricing in their operations as greenhouse emissions are regulated in some regions of the world already. Utilities, whose customers increasingly are requesting more renewables in their power mix, are encouraging a carbon tax as well. Related topics: Carbon Tax Ceos Climate. Governments too should take note of this trend and be confident in upping their ambition on carbon regulation as a key lever to incentivise corporate and societal progress in reducing global emissions.

CDP is the largest repository of corporate information on internal carbon pricing, with data collected every year since Policymakers, regulators and international institutions engage with CDP to understand corporate exposure to carbon pricing regulation, alongside the uptake of internal carbon pricing as a tool to support the transition to a low-carbon economy.

For more information, or exclusive interviews, please contact: Tess Harris, Communications Consultant, tel. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy.

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