Companies Backing Climate In Spending Bill Raise Tax Concerns

Major companies, including BP America Inc., Exelon Corp., Mars Inc., Nestle SA and Royal Dutch Shell urged congressional leaders to pass “robust climate provisions in the Build Back Better Act,” while warning against tax changes that could impair their investments in clean energy.

• “Urgent action is needed to limit the catastrophic impacts of climate change, which include disruptions to supply chains, damage to public and private infrastructure, workforce displacement and price volatility to consumers,” the companies say in letter to House and Senate leaders released Tuesday
• NOTE: Lawmakers are considering jettisoning a proposal to use a series ...