Kim Strassel writes in today’s Wall Street Journal about how lobbying for climate change regulation is shaping up as a giant miscue for corporate America.
Strassel cites Duke Energy CEO Jim Rogers’ original rationale for lobbying:
“If you don’t have a seat at the table, you’ll wind up on the menu.”
Now, Strassel writes,
Duke sat, yet it and its compatriots are still shaping up to be Washington’s breakfast, lunch and dinner. The Obama plan will cost plenty, upfront, which will be borne by Mr. Rogers’s customers.
Stassel closes her terrific piece by recommending that:
Business leaders might do better to use this as an opportunity to kill the beast. They might get some credit for protecting their customers from what they are now, finally, admitting is a giant tax — in the middle of a recession.
The odd saga and miscues of corporate climateers like Duke Energy are spotlighted in Steve Milloy’s new book “Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them.”
E-mail Strassel’s column to a USCAP CEO that you know.