Business

Sat, 2014-12-06 07:00Farron Cousins
Farron Cousins's picture

Contrary To BP PR, Most Oil Spill Claims Are Legit

For more than a year, oil giant BP has waged a massive public relations battle to convince Americans that the company has been bamboozled by the oil spill claims process relating to the 2010 Deepwater Horizon oil rig blowout.

This BP PR campaign has involved full-page newspaper ads paid for by the company suggesting it is being swindled by Gulf Coast residents who were not affected by the oil spill. BP spokesepeople have appeared in the media to argue that the claims process has been “absurd.” And evidence even suggests that the company has employed online “trolls” to attack legitimate victims on social media websites.

BP has spent hundreds of millions of dollars on this PR blitz, all because they want to avoid paying out any more claims to Gulf Coast residents. But the problem the company is running into now is that independent investigations have shown that the claims process is not rife with fraud, as BP has claimed.

At least 99.5% of the claims that have been filed are legitimate, according to an audit.

Wed, 2014-06-04 14:44Farron Cousins
Farron Cousins's picture

US Chamber Predicts Economic Apocalypse From New Carbon Rules Despite Opposite Reality

It has been less than a week since the EPA announced new rules for carbon emissions — rules that are being heralded as the most comprehensive effort to tackle climate change by any sitting U.S. president — but big business groups have been spreading misinformation about these new rules for weeks.

Leading the charge against the administration’s proposals is the U.S. Chamber of Commerce, the largest business interest group in the country, and arguably the most well-funded. 

Just days before the new rules that will limit the amount of carbon that existing power plants can release were made public, the Chamber released a report predicting that any form of carbon regulation would result in economic chaos for the United States.  And this all happened before the Chamber even know what the rules would actually say.

The Chamber’s report issued these dire warnings to Americans, summarized by Think Progress:

Their study determined that it would cost American industry $28.1 billion annually to comply with EPA’s new regulations, that as many as 224,000 jobs would be lost between now and 2030, that the economy would average $50.2 billion lower a year, that Americans would cumulatively pay $289 billion more for electricity over that period, and that they’d lose $586 billion in disposable income.

The U.S. Chamber is attempting to strike at the heart of American fears that it will cost them dearly.  Whether it is their job or their hard-earned money, the Chamber wants Americans to be afraid of losing everything they’ve worked so hard to achieve in life.

Back in the land of reality, the Chamber’s claims are easily debunked.  To start with, as we’ve previously discussed here on DeSmogBlog, safety regulations create jobs rather than destroy them.  Even energy industry CEOs have been willing to admit that this is true in recent years.  The EPA’s estimates show that the new standards will create tens of thousands of new jobs, and the administration’s commitment to invest more in renewable energy will add hundreds of thousands of jobs, thus resulting in a net gain of U.S. jobs.

Tue, 2013-11-12 05:00Farron Cousins
Farron Cousins's picture

Facing the Facts: Climate Change Is Bad For Business

As leaders of the industrialized world continue to squabble at home over how to address the threat of climate change – and even as they battle internal factions who don’t believe the science of climate change – one group of leaders has come out in favor of swift, comprehensive action to prevent global catastrophe.  Those leaders come from some of the largest businesses on the planet.

Just one year ago, Hurricane Sandy hit the Northeast with a force not seen in the region in decades.  In the aftermath, shipping and distribution of goods in and out of the Northeast was severely disrupted.  The costs of these disruptions, as well as the physical damage from the storm, are projected to cost the U.S. economy $20 billion

Sandy served as a wake up call to business leaders, as it highlighted how grossly unprepared they are in the face of climate change related disasters.  In the Midwest, floods and wildfires in recent years have also impacted the business supply chain, costing untold millions worth of economic activity.

But many within the business community understood what was happening, and what it means for the future of business.  They know that, at the end of the day, climate change is bad for business.

Thu, 2012-08-23 03:00Farron Cousins
Farron Cousins's picture

US Chamber Rejoices As Courts Rule For Polluters

Earlier this week, an appellate court in Washington, D.C. ruled that the U.S. Environmental Protection Agency (EPA) had overstepped their authority with their Transport Rule that was put in place to reduce the amount of air pollution being spewed from coal burning plants. The rule would have put stringent limits on the amount of pollution that was being emitted and carried across state lines by weather.

The Courier-Journal has more:

A panel of the U.S. Court of Appeals for the District of Columbia Circuit found in a 2-1 ruling that the EPA, in its so-called “Transport Rule,” had required too much pollution cutting when regulating power plants in 27 upwind states.

In looking at the rule’s “good neighbor” provisions under the Clean Air Act, the court found the EPA did not allow states time to reduce pollution on their own before taking its own action.

The EPA’s own estimates show that the rule could have prevented as many as 15,000 heart attacks a year, 19,000 emergency room visits, and would have reduced sulfur dioxide emissions by 73% and nitrogen oxide emissions by 54%. Both of those are known lung irritants.

Wasting no time, the U.S. Chamber of Commerce sent their astroturf division out to tout the court’s ruling as a victory for businesses, and for America. The Institute for 21st Century Energy, the Chamber’s energy front group, released the following statement from their president, Karen Harbert:

Fri, 2012-07-20 10:32Farron Cousins
Farron Cousins's picture

White House Wants Industry Help To Choose Which Regulations To Kill

When the Obama White House begins adopting the same talking points as the dirty energy industry, something has gone horribly wrong with our government. But that is exactly what is happening today, with the White House apparently buying into the repeatedly debunked industry talking point that claims that government regulations are killing jobs.

The White House has created a new page on their website – whitehouse.gov/advise – where they are asking businesses to tell the government which regulations are burdening their business so that the government can decide whether or not to kill that regulation.

Featured on the website is a video by Cass Sunstein, Administrator of the Office of Information and Regulatory Affairs, where he tells businesses that the White House will do what is necessary to do away with burdensome regulations in order to spur job growth.

Here’s the video:

Sun, 2011-10-02 12:06Farron Cousins
Farron Cousins's picture

Oil Lobbyists Targeting “Super Committee”

As the so-called “Super Committee” works to figure out how to trim $1.2 trillion from the U.S. government’s federal deficit, the dirty energy industry has their lobbyists working overtime to make sure that their billions of dollars in annual subsidies aren’t among the items on the chopping block.

The Super Committee only has until Thanksgiving to submit their proposals to President Obama. And not being ones to miss an opportunity, members on the committee have scheduled dozens of personal fundraisers for their campaigns before that deadline hits. And many of the companies who fear that their subsidies could be cut will be in attendance. After all, the lobbyist blitz contains more than 180 former staffers of members of the Super Committee, so access is not an issue, and no introductions will be necessary.

The New York Times lays out the issue as follows:
  

Hundreds of lobbyists, including many former Congressional officials and frequent campaign contributors, are making their cases to the committee members.

Ethanol fuel producers, oil companies, corporate jet owners and many other businesses want the committee to guard their own special tax breaks.

“Everybody’s at risk,” said Howard Marlowe, president of the American League of Lobbyists, “and so everyone’s going to be out there lobbying.”

With the lobbying, of course, come valuable campaign contributions. Despite calls from watchdog groups to suspend their fund-raising, most committee members are continuing to raise money from many of the same industries affected by their work.
 
Wed, 2011-06-08 12:37Farron Cousins
Farron Cousins's picture

Media Matters Report Shows Network TV Preference For Anti-Environment Guests

Ever since the U.S. Supreme Court ruled in 2007 that the Environmental Protection Agency had the authority to regulate greenhouse gas emissions (GHGs) under the Clean Air Act, Republicans and other climate-deniers have been given an unprecedented amount of airtime on television to deride the EPA’s new power. The folks over at Media Matters for America released a study showing that between December 2009 and April 2011, 76% of cable news guests were opposed to allowing the EPA to regulate GHGs, while only 18% spoke favorably of the decision.

As their research shows, these views are actually at odds with public opinion, as 71% of the public believes that the EPA should be allowed to regulate global warming pollution, and 76% believe that the government should have a direct role in curbing the emissions from polluters operating inside the United States.

Not only were the elected officials that appeared on most of these shows against regulations, but most also had received money from the energy industry during their careers.

Wed, 2011-01-19 18:19Farron Cousins
Farron Cousins's picture

New Congress Wastes No Time Undoing Climate Progress

We all knew that the new Republican majority in the House of Representatives wasn’t going to be friendly to the environment, but none of us expected the fight to start so soon. Rep. Fred Upton (R-Mich), the new Chairman of the House Energy and Commerce Committee, announced today that his committee will be taking on the EPA with gusto.

In a document making its rounds among Republican lawmakers, Upton claims that the EPA has put a “chokehold” on businesses by regulating their emissions and pollution. The Hill obtained a copy of the document titled “Key Issues before the Committee on Energy and Commerce 112th Congress [PDF], which contains the following:

“We believe it critical that the Obama administration ‘stop’ imposing its new global warming regulatory regime, which will undermine economic growth and U.S. competitiveness for no significant benefit…The EPA is regulating too much too fast without fully analyzing the feasibility and economic and job impacts of the new rules.”

Subscribe to Business