I agree that vague long term commitments are not helpful given the urgency of the situation. Corporations need to step up in a big way. Their tax rate is incredibly (excessively) low due to the 2017 tax bill. The average effective tax rate of S&P 500 companies is in the high single digits. The 21% statutory rate needs to go up to the high 20s% which (with loopholes) would equate to roughly high teens % effective tax rate. End fossil fuel tax subsidies. For all corporations, make a sliding scale such that the quicker the company gets to net zero, the lower its effective tax rate. (That implies a tax credit for getting to net zero rapidly).
I agree that vague long term commitments are not helpful given the urgency of the situation. Corporations need to step up in a big way. Their tax rate is incredibly (excessively) low due to the 2017 tax bill. The average effective tax rate of S&P 500 companies is in the high single digits. The 21% statutory rate needs to go up to the high 20s% which (with loopholes) would equate to roughly high teens % effective tax rate. End fossil fuel tax subsidies. For all corporations, make a sliding scale such that the quicker the company gets to net zero, the lower its effective tax rate. (That implies a tax credit for getting to net zero rapidly).