OAKLAND, CA — With the chorus of business leaders calling for comprehensive climate rules appearing to grow louder, the face of potential legislation continues shifting as Congressional leaders work to build bipartisan support.
CEOs from some of the nation’s largest companies expressed their desire last week for an end to the uncertainty surrounding the future of U.S. climate change policy. At the Wall Street Journal’s Eco:Nomics conference in Santa Barbara, for example, the heads of Royal Dutch Shell Plc, American Electric Power Co., FPL Group and Rio Tinto threw their support behind comprehensive climate legislation that would give them the assurances needed to guide long-term investment decisions.