Abigail Dillen with EarthJustice — a law group that sued to to block the loan program because of the reasons above — put it this way:

This is a big decision. It says new coal plants can’t go to the federal government for money at least for the next couple years, and these are critical times for companies to get these plants built.

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The Canadian Council of Chief Executives reached an “unprecedented consensus” last week when they officially called for action that included “absolute” emissions cuts. A national strategy is needed, they argue, rather than the patchwork of provincial regulations that have cropped up. Furthermore, they acknowledged that government regulation may be needed to raise fossil fuel costs, drive efficiency measures, and instigate greater cuts.

Being open to regulation and the need to fight global warming also opens the door for the business community to be involved in the policy planning. The Globe and Mail explained that a “key goal” in the group’s declaration is to stop any measure that would hurt the economy or penalize certain sectors.

Canadian Prime Minister Stephen Harper and his administration are still piecing together a national global warming strategy. In addition to government regulation, the business group recognized its customers and consumers for also driving the message that the private sector needs to change for the greener in order to slow global warming.

In the States, large businesses have made similar declarations as the Canadian coalition, and small businesses are also taking the lead. With 26 million small businesses in the U.S., they make up half of the economy and about half of all energy used for commercial and industrial purposes. This means that huge strides could be made in efficiency and emissions cuts if they work together.

A recent example is the National Automobile Dealers Association’s (NADA) Energy Stewardship Initiative: About 500 auto dealers have pledged to cut energy use by 10 percent, thereby saving about $193 million and cutting more than a million tons of global warming pollution every year. The National Small Business Association is working with the Energy Star Small Business program and has issued a similar efficiency challenge to its members.

Businesses large and small will be needed to fight global warming, and they’ve begun doing just that. Now, with pressure from voters and the business community, it’s time for Canadian and U.S. policymakers to take decisive steps and implement national policies to curb CO2.

Globe and Mail
CNN