The stance taken by the US Chamber of Commerce on climate change is damaging the confidence Americans have in business' ability to respond to current challenges. The Chamber has been fighting climate change legislation tooth and nail on behalf of the US coal industry that makes up a very small segment of their membership. Other business have taken notice, as the list of companies leaving the Chamber is growing. The Chamber chose to entrench its stance on the lead up to the Copenhagen climate conference and this resulted in the departure of Exelon Corp, Pacific Gas & Electric, PNM Resources, Mohawk Fine Papers, and Apple.
Major utility corporations, like Exelon, California's Pacific Gas & Electric Co. (PG&E) and New Mexico's PNM have announced that they are leaving the U.S. Chamber of Commerce because of the organization's controversial stance toward climate change and opposition to a clean energy bill. The Chamber represents business interests, and according to a New York Times editorial, "no organization has done more to undermine [climate change] legislation."