President Obama is facing a tough time shepherding the same level of support from the business community for his environmental agenda that he touted during his first term. Politico reports he would do well to broaden his base of support, given the loss of several who once supported his cap-and-trade.
"The people who led last time are not there to lead now for a variety of reasons," said David Crane, president and CEO of NRG Energy in a Politico report.
Some examples: John Rowe, retired CEO of Chicago-based Exelon, who was one of Mr. Obama's early backers on cap-and-trade, Politico reported. Other backers who are retiring, or have retired, include Jim Rogers, Duke Energy CEO; Lew Hay, NextEra Energy executive chairman; Peter Darbee, CEO of Pacific Gas & Electric; and Jeff Serba, CEO of PNM Resources, Politico reported.
"There is a need," Mr. Rowe said to Politico, "to identify some new names."
Distributed by MCT Information Services
SEPTEMBER 2, 2014
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