On the recordJune 4, 2019
Madam President, one of the things I have noticed over the years that I have given these climate speeches is that corporate engagement on climate change has been one-sided, let's just say. It is clear who my adversaries have been--Big Oil, the coal lobby, the Koch brothers, and some very powerful corporate trade associations--the American Petroleum Institute, the National Association of Manufacturers, and the most powerful of all, the U.S. Chamber of Commerce, so-called. In my view, it is more properly called the U.S. Chamber of Carbon. These adversaries have managed a big-money campaign, first, to sow doubt about or outright deny climate change and, second, to block action in Congress and Federal agencies to limit carbon pollution. The International Monetary Fund just estimated fossil fuel subsidies in the United States at $650 billion for 2015. Yes, that is ``billion'' with a ``b.'' When you are defending that kind of subsidy, you spare no expense, which explains the millions of dollars spent by the fossil fuel industry and its trade group cronies in opposing climate bills, in supporting phony climate denial front groups, and in funding election attacks against candidates who might try to limit carbon pollution. While the fossil fuel industry has been running roughshod around Washington, the rest of corporate America has sat on its hands.…





