More than a dozen U.S. companies on Monday will pledge to invest more than $140 billion in efforts to cut carbon emissions as part of a new Obama administration initiative leading up to the United Nations climate-change summit later this year. As soon as next week, the Environmental Protection Agency is set to issue final rules cutting carbon emissions from U.S. power plants. These regulations are the biggest driver behind the administration’s efforts to forge a global agreement at the U.N. conference in Paris to cut carbon emissions. Monday’s event is important because the administration sees corporate support for climate action as key to building momentum for the Paris talks in December. “It’s significant because they are carbon-intensive, energy-consuming companies making a bottom-up commitment to address climate change,” said Kevin Book, managing director at ClearView Energy Partners, a Washington-based analysis firm. None of the companies taking part in Monday’s […]