Financial Soultions: Major U.S. firms giving Chamber Of Commerce the cold shoulder.

Oct. 29, 2009 - PRLog -- The largest U.S. business association has bumped heads with significant parts of Corporate America due to its scathing opposition to climate-change legislation attempting to battle its way through Congress, Financial Soultions reports.

The U.S. Chamber of Commerce's resistance to the climate bill has already seen important members including Apple Inc and California utility PG&E Corp, break ranks and withdraw.

More recently though, Financial Soultions understands, two of the organization’s most influential members, the General Electric Co. conglomerate and the telecommunications equipment provider Cisco Systems Inc. made it known that they don’t agree with the group on climate regulations.

"The Chamber does not represent our views on the urgent need for climate legislation," said a spokesman known to Financial Soultions, for GE, the largest U.S. conglomerate. "We need climate legislation and a price for carbon in the U.S. now."

The C.O.C., which represents some 3 million U.S. firms across the board from multi-billion dollar multinationals to family owned operations, says its stance takes into account the requirements of a variety of businesses across a range of industries.

"Our goal is to have the positions that we actually take stances on be reflective of the democratic majority of the broad majority of the business community," according to a Chamber spokesman. "There are cases, not just with energy, where companies are going to peel off and take different positions than the Chamber."

The bill struggling through Congress intends reducing Co2 emissions through a cap-and-trade system that would allow companies a limited amount of emissions. Those that exceed their cap or limit would need to purchase further credits, while those emitting less would be able to sell credits.

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