The company just quit United States Chamber of Commerce, along with some other companies that is specialized in new energy and utilities. The company has a fleet of nuclear powerplants and has a vested interest in passing the new carbon curbing law. Though the law has been passed by the House of Representatives, it has to wait for the Senate's approval. But that doesn't seem likely in the near future. Since the Senate and the Obama's administration are troubled by the health-care reform. Many states with coal-fired power plants may put up a fierce resistance to the new law. For the past few months they have been gaining ground, but now green businesses are leading the fight against the resistance of the new law. National Manufacturers Association and Chamber of Commerce believe that the new law will raise cost for their members. But excelon firmly believe that the new law actually would create jobs. Of course there is great financial incentive for excelon to sport the new law. If cap and trade system were adopted, excelon would benefit tremendously. Even though excelon may not win the battle it could gain from the grain stance it took in the campaign.
Many people probably don't know that in Chicago there is a Chicago Climate Exchange. As far as I know there are many companies already voluntarily dissipate in the trade of greenhouse gases. And the CCE trading has reached billion-dollar level. Companies that joined the game early certainly are looking forward to a formal system in which their advantage could turn to more profits. We're still not sure about the future of carbon reduction. The final law would be a compromise between the House and the Senate. But no matter what, without this legislation, America cannot assume the leading role in the battle against climate change.
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