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Environmentalists Pressure Chamber Of Commerce Members

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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.

From Politico:

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.