As the Obama administration pushes a plan to reduce carbon emissions, some S&P 500 companies in conservative states are already adapting their businesses, according to a new report released Tuesday.
Republicans and the coal industry are among those that oppose President Barack Obama's effort to lower power plant emissions. But Carbon Disclosure Project's report suggests some nonpartisan support at the state level for tackling climate change, which some dispute is not human-induced.
The public companies in the study—from Texas energy firms to California tech leaders—are big job creators, and are integrating climate change into business strategies. They're lowering their carbon footprint by reimagining everything from laundry detergent to building insulation.
"What we're finding clearly is that businesses all across a variety of states, across the political spectrum, see climate regulation as good for businesses," said Tom Carnac, president of the Carbon Disclosure Project in North America.
In other words, dealing with climate change—that can include securing future water supplies and removing manufacturing plants from the riskiest environments—is now a cost of doing business.