ASBC APPLAUDS BIDEN’S CLIMATE AND INFRASTRUCTURE PLAN, CALLS ON TRUMP TO REVERSE COURSE AND MATCH IT
WASHINGTON, D.C. – The American Sustainable Business Council (ASBC) and the 250,000+ members in our business community today applauded Vice President Joe Biden’s newly released Climate & Infrastructure Plan, while urging President Donald Trump to reverse his course by taking equally bold steps to protect our planet and reinvigorate our economy with a 21st Century energy system.
“Climate change is an economic issue. There are no jobs on a dead planet,” said ASBC CEO and Co-founder Jeffrey Hollender. “Acting along the lines of Vice President Biden’s plan will help mitigate against climate change impacts like rising health care costs for businesses, increased strain on the energy grid and more frequent severe weather events, which could damage infrastructure and put many companies out of business.”
Biden this week outlined an ambitious path forward to create 10 million new jobs, ensure transformative business development, and spur technological innovation that will fortify the nation in the face of an ever-worsening climate crisis. The plan includes critical steps ASBC and its members call on the Trump Administration to embrace, including creating a path to net-zero emissions by 2050, providing an irreversible movement to 100% renewable energy, centering efforts around environmental justice, holding polluters accountable, and rallying the world to urgent and additional climate mitigation action.
“Supply chain disruptions create operational uncertainty and economic setbacks,” said David Levine, ASBC President and a Co-founder. “The steps we take now to deal with climate change, including making required technological innovations, will be a key economic driver for the 21st Century.”
The private sector has been taking a leading role in addressing the climate crisis through innovations in their supply chains, reducing overall energy usage and shifting to renewables, and changing the mix of their investments.
“But business can’t do it alone, and business can’t deal with a hodge-podge of state-based regulations,” said Hollender. “Washington needs to be leading this charge with a comprehensive set of policies.”
He noted that Biden’s plan commits millions of dollars to green growth that can be further utilized by the business community to spur development and open new doorways of opportunity. In contrast, President Trump this week was trumpeting the rollback of environmental regulations first enacted in the Nixon administration, effectively removing local voices from having influence over projects that have a negative environmental impact on their communities.
In an ASBC poll conducted among small businesses, 87% cited that consequences of climate change could harm their business now and in the future. They understand higher energy costs, power outages due to stress on the power grid, and storms made more frequent and severe due to climate change to be ominous threats to their business’ success. And they look for comprehensive structural change in Washington to support their future success through bold leadership, policy, and investment.
The American Sustainable Business Network (ASBN) is a partner to businesses and the investor community to bring collective wisdom and public policy solutions to the systemic issues negatively impacting our society and planet. Founded through the merger of the American Sustainable Business Council (ASBC) and Social Venture Circle (SVC), ASBN rejects short-term thinking narrowly focused on just shareholder value in favor of a capitalism based on creating long-term value and being accountable to all stakeholders: owners, workers, families, community, environment, state, nation, and world. As a multi-issue, membership organization advocating on behalf of every business sector, size, and geography, ASBN and its association members collectively represent over 250,000 businesses across our networks.