He hit me, and it felt like a kiss

Why are big U.S. companies lining up to urge new regulations on global warming? Leading US financial investors joined some of the country’s largest ­companies on Monday and urged Capitol Hill to follow Europe by setting mandatory targets to reduce US carbon emissions. It's not because they've suddenly become tree-hugging, granola-eating hippies. It's because big ...

Why are big U.S. companies lining up to urge new regulations on global warming?

Why are big U.S. companies lining up to urge new regulations on global warming?

Leading US financial investors joined some of the country’s largest ­companies on Monday and urged Capitol Hill to follow Europe by setting mandatory targets to reduce US carbon emissions.

It's not because they've suddenly become tree-hugging, granola-eating hippies. It's because big businesses thrive on certainty. Their worst nightmare is dealing with a confusing patchwork of laws in different states, regions, and countries. The writing is on the wall: Carbon caps are coming to the United States. But U.S. companies fear a tsunami of haphazard initiatives that will raise their costs, such as British Columbia's new green alliance with California, or worse, climate policy made sporadically by the courts. Better from their perspective to have one system nationwide that's in tune with the European Union's laws, harsh as they may be.

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