BLOOMBERG • September 9, 2020
The U.S. government should start making businesses pay for their greenhouse gas emissions to help combat global warming, according to a powerful group of finance and energy titans including Morgan Stanley, JPMorgan Chase & Co. and BP Plc. Calls by corporate executives for a tougher government stance have had little success during President Donald Trump’s administration as officials have reversed policies implemented to cut emissions and the U.S. is withdrawing from the 2015 Paris agreement on climate change. Wednesday’s report includes a series of nonbinding recommendations, but it could serve as a blueprint if Democratic candidate Joe Biden wins the White House in November.