The U.S. Chamber of Commerce is losing popularity among U.S. corporations — fast. The Washington Post recently reported that Apple is revoking its membership in protest over the Chamber’s stance on global climate change, specifically its stance against congressional legislation that would reduce CO2 emissions. Other companies to recently pull out include Pacific Gas and Electric, PNM Resources, and Exelon. Nike resigned from the Chamber’s Board, but not its membership. Given Apple’s popularity as a computer giant, the news marks hightened attention to private sector influence over climate change policy and emission regulation.
Thomas J. Donohue, the Chamber’s president, commented that while the group supports federal climate change legislation, the cap-and-trade legislation passed by the House of Representatives was flawed since it does not require other polluting countries to act. Mother Jones Magazine offered a different take and reported on the Chamber’s past record of investing millions of dollars lobbying congress to oppose the Markey-Waxman bill and threatened to sue the EPA if they continued to regulate CO2 as a pollutant. Over the next few months, it will be interesting to watch if other companies follow suit and what impact that will have on the Chamber, as well as domestic climate legislation.