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Business Roundtable targets climate rule supported by its members

By Corbin Hiar, Lesley Clark | 07/08/2024 07:11 AM EDT

Six directors of the CEO lobby group run companies that publicly backed the SEC regulation.

Cisco Systems chief executive Chuck Robbins chairs the Business Roundtable.

Cisco Systems chief executive Chuck Robbins chairs the Business Roundtable. Pau Barrena/AFP via Getty Images

A trade association for the nation’s top chief executives is working to kill a Biden administration climate policy supported by some of the group’s biggest members, including Apple.

The Business Roundtable last month threw its muscle behind a legal bid to strike down a Securities and Exchange Commission rule that would require standardized corporate climate risk disclosures — a key component of the Biden administration’s plan to slow rising temperatures.

But more than a fifth of the group’s 27 board members — including Cisco Systems CEO Chuck Robbins, the chair of the Business Roundtable — run companies that issued comments backing the SEC climate rule, according to an E&E News analysis of regulatory filings.

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Other companies represented on the group’s that have supported the regulation are Citi, United Airlines, FedEx and Cummins, an engine maker whose leader chairs the Business Roundtable’s energy and environment committee.

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