US businesses demands net-zero action from Biden

A letter from 310 businesses and investors operating in the US has been sent to President Biden calling for “ambitious and attainable” targets of cutting GHG emissions by at least 50 per cent below 2005 levels by 2030.

The letter was published as prior to the Biden administration’s announcement of a 2030 emissions reduction target, is backed by organisations with a collective value of over $3tr in annual revenue, $1tr in assets under management and employing nearly six million and calls for the
US to adopt an emissions reduction target that will place the country on a credible pathway to reach net-zero emissions by 2050.

The letter notes that many of the signatories have already set or are setting emissions reduction goals in line with climate science since the establishment of the Paris Agreement, but expresses the need of a greater “national ambition”.

Signatories are a diverse range of companies that includes: ABB Group, Adobe, Apple, Dentsu International, Deutsche Post DHL Group, Drax Group, eBay, EDF Renewables, Google, Johnson & Johnson, McDonald’s Corporation, Nestle, Patagonia, Ralph Lauren Corporation, Starbucks, SUEZ, Unilever, Walmart and Zurich Insurance Group.

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