Love Is In the Air for Big Business and Mainstream Enviros

Amanda Griscom Little writes the Muckraker column for Grist Magazine. Her column is reprinted by permission from Grist. For more environmental news and humor sign up for Grist's free email service.

The on-again-off-again flirtation between big business and the mainstream environmental movement seems to be progressing into a full-on steamy love affair -- and perhaps even a committed, long-term relationship.

On February 13, a handful of Fortune 500 execs joined Jonathan Lash, president of the environmental think tank World Resources Institute, to testify before the Senate Environment and Public Works Committee in favor of a mandatory federal cap on greenhouse-gas emissions. "Voluntary efforts alone will not solve the [climate-change] problem," DuPont CEO Chad Holliday told the assembled senators. He added, "We see a whole suite of technologies to solve these problems, and we think the uncertainty of what regulations will do are holding companies back."

Committee Chair Barbara Boxer (D-Calif.) had invited the corporate and environmental leaders to explain why they're increasingly concerned about global warming. Their unified testimony made an impact on at least one prominent Republican, Virginia Sen. John Warner, who could be a swing vote on climate legislation in the committee. "A group like this, you've got my attention," Warner said.

Holliday and Lash are both participants in the recently hatched U.S. Climate Action Partnership, as are two other witnesses who spoke at the hearing, Peter Darbee of Pacific Gas and Electric Co. and Steve Elbert of BP America. U.S. CAP, a coalition of 10 corporations and four green groups, is pushing for greenhouse-gas limits strong enough to slash emissions 60 to 80 percent by mid-century.

Directly after the hearings, Holliday and Lash hightailed it to New York City to join other corporate leaders and toast to their budding romance at a glitzy dinner party celebrating WRI's 25th anniversary.

The gala, held at the chic Cipriani on 42nd St., was big on many levels -- big turnout (nearly 700 well-heeled folks, nary a soul in Birkenstocks), big political and corporate star power (Al Gore, New York Times columnist Thomas Friedman, and General Electric CEO Jeff Immelt took turns at the mic), big bucks (WRI raised over $2 million), and big, bold rhetoric affirming that the corporate-green alliance is now hot and heavy.

In a cathedral-like room with soaring ceilings, walls of burgundy marble, and chandeliers the size of jet engines, WRI doled out "Courage to Lead" awards to corporate titans and deep-pocketed donors deemed notable for "their vision and their actions to the cause of sustainable development." The recipients included Immelt, whose company has been greening its business strategy via an "ecomagination" campaign; the late Samuel Johnson, founder of SC Johnson and a former member of WRI's board of directors; and Jonathan Fanton, director of the John D. and Catherine T. MacArthur Foundation, who announced during his acceptance speech his organization's new plans to commit $5 million over the next three years to climate research.

The crowd was dotted with representatives from companies belonging to the CAP alliance -- GE, Alcoa, BP, Caterpillar, DuPont, Lehman Brothers, PG&E -- as well as environmental groups involved -- Environmental Defense and the Natural Resources Defense Council. Other attendees represented a veritable who's who of powerful corporations: Bank of America, Coca-Cola, Goldman Sachs, JPMorgan Chase, Shell, Wal-Mart, and Weyerhaeuser. Citigroup Global Wealth Management underwrote the dinner.

A smattering of political notables were on hand too, including Rep. Mark Udall (D-Colo.); former Colorado Sen. Timothy Wirth, now president of the U.N. Foundation; and former deputy secretary of state Robert Zoellick, who left the Bush administration last summer to join Goldman Sachs as international vice chair.