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Share Name | Share Symbol | Market | Type |
---|---|---|---|
PG&E Corp | TG:PCG | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.204 | 1.07% | 19.206 | 19.124 | 19.286 | 19.008 | 18.982 | 19.008 | 476 | 22:50:17 |
PG&E Corp. (PCG) said Tuesday it is leaving the U.S. Chamber of Commerce over objections to what its top executive called the chamber's "extreme position on climate change."
In a letter to the U.S. Chamber published on PG&E's blog, www next100.com, PG&E Chairman and Chief Executive Peter Darbee wrote that company employees "find it dismaying that the Chamber neglects the indisputable fact that a decisive majority of experts have said the data on global warming are compelling and point to a threat that cannot be ignored."
The U.S. Chamber has been a vocal critic of climate legislation pending in the Senate, most recently suggesting that the U.S. hold a "Scopes-like" trial to debate evidence that climate change is man-made.
The U.S. Environmental Protection Agency has demurred on the request, saying that its proposed finding that global warming poses a danger to public health is based on sound science.
PG&E said that, in contrast with the U.S. Chamber's stance, the approaches toward climate-change legislation taken by the utility industry group Edison Electric Institute and the broader industry group U.S. Climate Action Partnership, in which PG&E is a member, are "constructive" and "consensus-driven."
-By Cassandra Sweet, Dow Jones Newswires; 415-439-6468; cassandra.sweet@dowjones.com
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