Published: September 02, 2011
Washington – Business Roundtable is delighted by President Obama’s decision to withdraw the draft Ozone National Ambient Air Quality Standards.
“We applaud the president’s decision to withdraw the ozone rule,” said Andrew Liveris, Chairman and CEO of The Dow Chemical Company, Vice Chair of Business Roundtable and Chair of Business Roundtable’s Regulatory Reform Working Group. “This was the right decision and consistent with policy established in his executive order. It will have a direct and positive impact on the business community providing more certainty and will contribute to economic growth and job creation. We hope this sets the standard for future regulatory actions.”
“This is the number one regulatory priority for Business Roundtable member companies,” said John Engler, president of Business Roundtable, an association of chief executive officers of leading U.S. companies. “Creating U.S. jobs and providing more economic certainty for all Americans, especially on the heels of today’s news that the U.S. unemployment rate remains persistently high, is our greatest challenge. If President Obama’s speech next week is as positive as this decision was today, it will be a success.”
Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies with nearly $6 trillion in annual revenues and more than 13 million employees. BRT member companies comprise nearly a third of the total value of the U.S. stock market and invest more than $114 billion annually in research and development – nearly half of all private U.S. R&D spending. Our companies pay more than $179 billion in dividends to shareholders.
BRT companies give nearly $9 billion a year in combined charitable contributions.