Political Activity
Exelon's Political Action Committee (PAC) is EXELONPAC. The company is positioned to profit from "expensive carbon" and has been lobbying for cap and trade of carbon dioxide emissions. "Exelon CEO John Rowe is a vociferous and longtime advocate of climate change legislation. In 2009, Forbes reported that if the Waxman-Markey climate legislation became law, 'the present value of Exelon's earnings stream would increase by $14 a share, or 28%.'"
Executives at the company have close ties to the Obama administration as advisors and fundraisers. "Frank Clark, CEO of Exelon's Chicago-based subsidiary ComEd, was an Obama advisor and fundraiser, and Exelon director John Rogers has also raised funds for Obama."
Read more about this topic: Exelon
Famous quotes containing the words political and/or activity:
“The heritage of the American Revolution is forgotten, and the American government, for better and for worse, has entered into the heritage of Europe as though it were its patrimony—unaware, alas, of the fact that Europe’s declining power was preceded and accompanied by political bankruptcy, the bankruptcy of the nation-state and its concept of sovereignty.”
—Hannah Arendt (1906–1975)
“The mob is man voluntarily descending to the nature of the beast. Its fit hour of activity is night. Its actions are insane like its whole constitution. It persecutes a principle; it would whip a right; it would tar and feather justice, by inflicting fire and outrage upon the houses and persons of those who have these. It resembles the prank of boys, who run with fire-engines to put out the ruddy aurora streaming to the stars.”
—Ralph Waldo Emerson (1803–1882)