One of the many reprehensible features of Washington is how companies climb into bed with government. They do this either because they want legislation to get undeserved wealth by screwing consumers or competitors, or they do it because they think they the government is going to do something bad to them and they hope to reduce the pain by acting like cringing curs. This is a good description of the global-warming/climate-change/whatever-they’re-calling-it-now issue, where many big companies are part of a coalition to support the Administration’s statist agenda. The good news is that this coalition is now beginning to fall apart, as thee big companies have decided that having a “seat at the table” isn’t such a good idea if it’s Thanksgiving and you’re a turkey. The Wall Street Journal reports:
Three big companies quit an influential lobbying group that had focused on shaping climate-change legislation, in the latest sign that support for an ambitious bill is melting away. Oil giants BP PLC and Conoco-Phillips and heavy-equipment maker Caterpillar Inc. said Tuesday they won’t renew their membership in the three-year-old U.S. Climate Action Partnership… “We think there’s momentum to get [a climate bill] done,” USCAP spokesman Tad Segal said. “President [Barack] Obama’s State of the Union address made it clear the administration is behind us.” But experts said the companies’ decision to withdraw from USCAP is a sign the politics of climate change is shifting in Washington. When Mr. Obama took office, Congress appeared to have momentum for a climate bill that would push the economy toward lower-carbon alternatives. But as the economy soured, support waned.