Business Leaders for Climate Action Endorsement Letter For Senator Barrett's Bill: An Act combating climate change
The Honorable Charles Baker Matthew Beaton, Secretary
Governor of Massachusetts Executive Office of Energy & Environmental Affairs
State House, Room 280 100 Cambridge Street
Boston, Massachusetts 02133 Boston, MA 02114

The Honorable Stanley Rosenberg The Honorable Robert DeLeo
Senate President Speaker of the House
State House, Room 330 State House, Room 356
Boston, Massachusetts 02133 Boston, Massachusetts 02133

Dear Governor Baker, Senate President Rosenberg, Speaker DeLeo and Secretary Beaton,

We are Massachusetts business people deeply concerned about the impacts of climate change on the Commonwealth. Tackling climate change is the greatest challenge and the greatest economic opportunity of our generation.  Massachusetts can reap the benefits of stimulating the clean energy economy while reducing the costs of future climate change impacts. The sooner we act to reduce carbon pollution (air emissions of carbon dioxide from burning fossil fuels), the greater the benefit.

The Global Warming Solutions Act, passed in 2008, requires that Massachusetts’ carbon emissions be reduced 25% from 1990 levels by 2020. While Massachusetts has made progress in this area, more action is needed if we are to satisfy the requirements of the law. Acting on climate change today will protect the competitive positions of our businesses and lower operating costs.

We support enactment of a price on carbon emissions, to create economic incentives for businesses and consumers to reduce fossil fuel consumption and increase adoption of cleaner alternatives.

Specifically, we urge your attention to “An Act combating climate change,” (S 1747) written and sponsored by Senator Mike Barrett and co-sponsored by more than 40 House and Senate legislators. The bill would impose a charge on most fossil fuels distributed in the state, excluding those used for electricity generation, since they are already covered by RGGI. However, unlike a “tax”, the proposed carbon fee and rebate system would return 100% of the net fees collected to residents and employers. The bill protects low income residents and safeguards business competitiveness.

An independent study shows that this carbon fee and rebate policy would significantly lower emissions while having a net positive impact on jobs and economic growth. We hope you can join us in supporting Senator Barrett’s legislation.

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This endorsement may be shared publicly, and mailed to the addressees with other signatories, unless otherwise requested.
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