CEOs from GM, ConocoPhillips and more defy Trump’s climate-change stance, push for carbon price

A leading CEO group wants the federal government, including Congress, to enact market-based climate-change policies largely in line with those laid out in the voluntary Paris pact that President Trump has abandoned.

The Business Rountable is also in support of placing a federal price on carbon “where feasible and effective.” A unified carbon market has had trouble getting off the ground in the U.S. and was largely relegated to regional cap-and-trade markets that have had hot-and-cold participation. A carbon price, a tax by some accounts, was also promoted recently in a Commodity Futures Trading Commission-led bipartisan report on ways to counter the devastating risks from climate change to the U.S.

Victoria Mills, managing director at the Environmental Defense Fund, said the emphasis placed on action from Congress by the private-sector roundtable was a key feature. “We are committed to leading by example,” said Ryan Lance, chairman and CEO of fossil-fuel giant ConocoPhillips, who emphasized regulatory simplification.

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