Environmentalists Pressure Chamber Of Commerce Members

Politico reports that corporations including General Electric and Nike are under pressure from environmentalist groups to drop their membership in the U.S. Chamber of Commerce.

The Chamber of Commerce -- the country's largest business federation -- has come under fire for its opposition to climate change legislation. Several major utility companies, including Exelon, have recently left, citing the chamber's stance on the legislation.

Nike, environmentalists hope, could be the next to leave the Chamber. The company helped found Business for Innovative Climate & Energy Policy, a coalition of businesses supporting congressional action to address climate and energy legislation. Last week, Nike released a statement noting that the company "fundamentally disagrees" with the Chamber's position on climate change.

While environmentalists lauded companies like Pacific Gas & Electric and PNM Resources for dropping their Chamber membership, the utility companies may also benefit financially from the reform, according to Politico.