Big-business CEOs back price on carbon emissions

Corporate America is staking out a climate change lobbying position ahead of the November election.

Business Roundtable, a Washington group that comprises the CEOs of leading U.S. companies, is lending support for a price on carbon as part of new climate policy principles, advocating market-based ways to address climate change instead of heavy-handed government regulations.

The group includes CEOs across various industries, such as oil majors like Exxon Mobil Corp., automakers like General Motors, retailers like Walmart, utilities like Duke Energy, and tech giants like Microsoft. The climate policy principles, unveiled Wednesday, say the U.S. must slash greenhouse gas emissions by at least 80% below 2005 levels by 2050.

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