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Business Roundtable Letter on Energy Savings and Industrial Competitiveness Act of 2014

The Honorable Harry Reid
Majority Leader
United States Senate
Washington, DC 20510
 
The Honorable Mitch McConnell
Minority Leader
United States Senate
Washington, DC 20510
 
Dear Leaders Reid and McConnell,
 
On behalf of the more than 200 CEO members of Business Roundtable, who lead major American companies operating in every sector of the U.S. economy, I write to convey Business Roundtable’s strong support for the Energy Savings and Industrial Competitiveness Act of 2014, S. 2262, and respectfully request that this vital legislation be brought to the Senate floor for a vote as expeditiously as possible.
 
America’s CEOs have consistently called upon Congress and the Administration to adopt a more strategic approach to energy policy that would capitalize on U.S. strengths to promote economic growth, job creation, and enhanced energy security. In our report, Taking Action on Energy: A CEO Vision for America’s Energy Future, Business Roundtable laid out a comprehensive plan to boost U.S. energy security and ensure a steady supply of reliable, affordable energy to power increased growth. As noted in that report, energy efficiency improvements over the last quarter century are an American success story and a win-win for the U.S. economy.
 
A Business Roundtable report released last month, Create, Grow, Sustain: Celebrating Success, highlights the sustainability achievements of Roundtable member companies, including remarkable progress in more efficient energy use. Private-sector innovation and CEO leadership have helped yield a 1.9 percent annual reduction in U.S. energy use per dollar of economic output (GDP) between 1992 and 2012. These steady energy efficiency improvements are a major strategic advantage for the United States.
 
Enacting S. 2262 would be an important step toward accelerating U.S. energy efficiency gains and facilitating America’s emergence as a global energy superpower. Senate passage of this vital legislation would be a victory for all Americans. We urge you to support S. 2262.
 
Thank you for your attention to this important issue.
 
Sincerely,
David M. Cote
Chairman and Chief Executive Officer, Honeywell
Chair, Energy and Environment Committee, Business Roundtable
 
C: United States Senate

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