Kellogg Company Joins BICEP
September 2014 was a good month for the Business for Innovative Climate & Energy Policy ("BICEP"). On September 19, 2014, BICEP announced that Kellogg Company had joined BICEP. BICEP, a project of Ceres, was launched in 2008 as an "advocacy coalition of businesses committed to working with policy makers to pass meaningful energy and climate legislation."
According to the Ceres website, "BICEP's members are primarily consumer companies that are not major greenhouse gas emitters, but will nevertheless be impacted by climate regulations and other climate - related impacts. BICEP members believe that climate change will impact all sectors of the economy and that various business perspectives are needed to provide a full spectrum of viewpoints for solving the climate and energy challenges facing America."
Diane Holdorf, Chief Sustainability Officer, Kellogg Company, stated: "As a global food company, Kellogg understands the issues of climate change and food security, making us mindful of the risks and opportunities our growers, their communities and our business face as a result.… Solutions to complex challenges, like climate change, require multi-stakeholder collaboration, and we value continued engagement with stakeholders such as BICEP on this important issue."
Calls to Regulate Methane Emissions from the Oil and Gas Industry
In separate letters, two groups called on EPA to regulate methane emissions from the oil and gas industry. The October 9, 2014 request came from a coalition of investors, including Trillium Asset Management, LLC and Mercy Health, with more than $300 billion in assets. In calling for "robust" regulations, the coalition cited four justifications: (i) methane emissions are a serious climate problem; (ii) there are proven, cost-effective solutions that will dramatically cut emissions; (iii) insufficiency of voluntary initiatives and state-level action; and (iv) methane policy can reduce risk and create value for investors and the economy. The October 10, 2014 request came from BlueGreen Alliance, a partnership of 15 of the country's largest unions and environmental groups. In calling for national regulations, the Alliance stated that proven, low-cost technologies exist that could eliminate half of all methane emissions from onshore oil and gas operations in the next five years.