'Brazen assault on the EPA'

Fortune brainstorm green fred krupp environmental defense fundFred Krupp, president of the Environmental Defense Fund kicks off CNNMoney's coverage of the FORTUNE Brainstorm Green conference and he has a few choice words for Exxon. By Octavio Blanco, online editor


LAGUNA NIGUEL, Calif. (CNNMoney) -- Environmental Defense Fund President Fred Krupp came out swinging at this year's FORTUNE Brainstorm Green conference, forcefully calling out Exxon (XOM, Fortune 500), Big Oil, the coal industry and lawmakers on Capitol Hill for their efforts to weaken the Environmental Protection Agency's power.

"Never in four decades has there ever been this brazen assault on the Environmental Protection Agency's ability to protect our health," said Krupp. "In the House they've already passed an amendment that would mean the EPA couldn't enforce its effort to clean mercury from the air."

fred_krup.gi.03.jpg
Fred Krupp, President, Environmental Defense Fund

The EPA has been ordered by the courts to regulate greenhouse gases after the agency ruled that they are a danger to public health.

Some lawmakers, from both sides of the aisle, are scrambling to strip the EPA of this power, and even roll back some of its other regulatory responsibilities. They are concerned that regulating greenhouse gases will be too costly.

Krupp said that Exxon has been pushing its employees and even its retired employees to ask Washington to weaken the EPA because it's afraid of being forced to clean up its emissions. He called that the industry's biggest subsidy.

"Exxon wants that this big loophole of not having to clean up its emissions to continue," he said. "That's the biggest subsidy for the oil companies, that's the biggest subsidy for the coal companies, the fact that they're not required to have their products burn cleanly."

Exxon disagreed with Krupp's characterization of the company's motivation but said that EPA should not be taking the lead in regulating greenhouse gases.

"EPA plays a vital role in protecting our nation's health and environment, and these proposals do not prevent the EPA from addressing harmful air pollution," said Allan Jeffries, an Exxon spokesman. "However, Congress, not EPA, is the appropriate body to address comprehensive U.S. energy and climate policy."

Fortune's Brainstorm Green conference comes amid the ongoing nuclear tragedy in Japan and with the one-year anniversary of BP's Gulf of Mexico disaster around the corner. Those two events have left many wondering about our energy alternatives.

Here is more of what Krupp had to say:

On nuclear power:

"EDF is not an opponent of nuclear power but we want to be damn sure that if there is any construction that goes forward that we learn the lessons from Japan and right now it's way too early to do anything but find out what went wrong."

On deep water drilling:

"We think that there's more that needs to be done. We've just signed a letter along with many others in the environmental community to President Obama saying take a look at the findings that the National Oil Commission that was chaired by Bill Riley and let's implement those findings."

On Green Jobs:

"It's the biggest market opportunity to create jobs. The opportunity for us to insulate our homes and create energy efficient buildings could put massive amounts of people to work in the midst of this recession.

Check out Poppy Harlow's entire video interviewTo top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 17,810.06 91.06 0.51%
Nasdaq 4,712.97 11.10 0.24%
S&P 500 2,063.50 10.75 0.52%
Treasuries 2.32 -0.02 -0.86%
Data as of 8:45pm ET
Company Price Change % Change
Bank of America Corp... 17.12 0.12 0.71%
Kinder Morgan Inc 39.75 -0.17 -0.43%
Apple Inc 116.47 0.16 0.14%
Intel Corp 35.59 -0.36 -1.00%
Microsoft Corp 47.98 -0.72 -1.48%
Data as of 4:07pm ET

Sections

This arrangement, announced Friday, illustrates how the lines have blurred between traditional TV networks and newfangled options like Netflix. More

The Obama administration is touting that its immigration action will boost wages. But the hike amounts to only $170 a year by 2024. More

Obama doesn't have the authority to create a startup visa, but part of his reform announcement could include a workaround for entrepreneurs: 'parole status.' More

Nearly half of all Americans say there's a chance they'll have to work during a holiday between Thanksgiving and New Year's, according to a new poll. And one in four say they'll have to work whether they want to or not. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.