The parent companies of conservative cable news network Fox News Channel and the right-leaning Wall Street Journal have signed onto a White House pledge to combat climate change.
From the White House statement:
Today, the White House will announce additional commitments from 73 companies from across the American economy who are joining the American Business Act on Climate Pledge. With this announcement, a total of 154 companies will have signed the American Business Act on Climate Pledge to demonstrate their support for action on climate change and the conclusion of a climate change agreement in Paris that takes a strong step forward toward a low-carbon, sustainable future. These 154 companies have operations in all 50 states, employ nearly 11 million people, represent more than $4.2 trillion in annual revenue, and have a combined market capitalization of over $7 trillion.
By signing the American Business Act on Climate pledge, these companies are:
- Voicing support for a strong Paris outcome. The pledge recognizes those countries that have already put forward climate targets, and voices support for a strong outcome in the Paris climate negotiations.
- Demonstrating an ongoing commitment to climate action. As part of this initiative, each company is announcing significant pledges to reduce their emissions, increase low-carbon investments, deploy more clean energy, and take other actions to build more sustainable businesses and tackle climate change.
These pledges include ambitious, company-specific goals such as:
- Reducing emissions by as much as 50 percent,
- Reducing water usage by as much as 80 percent,
- Achieving zero waste-to-landfill,
- Purchasing 100 percent renewable energy, and
- Pursuing zero net deforestation in supply chains.
- Setting an example for their peers. Today’s announcements builds on the launch of the American Business Act on Climate Pledge in July, and the second round of announcements in October.
I haven’t seen a cost estimate on this pledge yet, but there is no doubt that it will be very expensive.
While it may seem unusual for 21st Century Fox and News Corp. to make this move, it actually isn’t considering that Rupert Murdoch, who is chairman or co-chairman of both companies, hosted a fundraiser for Hillary Clinton in 2006 and was quoted earlier this year as saying that he “could live with Hillary as President.”
What is surprising, though, is that climate change fear-mongerers MSNBC, CNN, The New York Times and The Washington Post are not on the list, proving that their belief in climate change may not be what they say it is.