Carbon Pricing Action Futile Now—but Not Forever, CEOs Predict

Some CEOs lobbying Congress to adopt carbon-pricing policies to address climate change don’t expect to make progress anytime soon, but say they’re playing the long game.

“I don’t see [immediate action] as viable,” Jeff Eckel, CEO of Hannon Armstrong Securities LLC, told reporters at the Capitol May 22. “This is a very long battle on climate change.”

Eckel was among about 75 company executives, including those from Capital One Financial Corp., software company Salesforce.com Inc., and health care giant Kaiser Permanente, urging Congress to approve a carbon tax.

Carbon pricing faces long odds on Capitol Hill, where ...