What corporate America has figured out is that WE will make unviable energy sources viable by MASSIVELY subsidizing them. Corporate America is just firmly latched onto the government teet. They ARE money losers if made to compete on a level field. Ask the Germans how their green energy plan is going...or Spain
Yawn. Paris objectives are silly and will have nearly zero effect on any warming despite costing trillions.
Joe - Interesting that you bring up subsidies. Here are some facts regarding subsidization of both fossil fuel and renewable energy:
1) The average annual subsidization of fossil fuels is more than 13x greater than the average annual subsidization of renewable energy, even though fossil fuels have been receiving government support for 70 years longer than renewables have. (Source - DBL Investors, September 2011, http://bit.ly/N9Isin)
2) In 2011, worldwide pre-tax subsidies for fossil fuels reached $480B. On a post-tax basis, in which carbon emissions, environmental damage, and negative public health effects are taken into account, worldwide government subsidies for fossil fuels totaled $1.9 trillion. (Source - International Monetary Fund, January 2013, http://bit.ly/1coLJmn)
3) The Section 199 manufacturing credit alone, which applies to oil and gas producers, accounts for over $14B in oil and gas tax breaks. (Source - The Joint Committee on Taxation, March 2012, http://1.usa.gov/Pq8hw3)
4) The nuclear power industry has received four times more subsidies than the distributed solar industry and has had six times longer to mature. Since the 1950s, California's nuclear power suppliers have received over $8.21 billion in federal support. (Source - DBL Investors, August 2013, http://bit.ly/Ofdeqq)
And here's the kicker:
5) If the big five oil companies—BP, Chevron, ConocoPhillips, ExxonMobil, and Shell – retain their current tax breaks, they will save $73,000 on their taxes for every $1 spent on lobbying in 2013. (Center for American Progress, November 2013, http://bit.ly/1c7CVnb)
So it appears fossil fuel companies are sucking up $zillions more in subsidies than renewables ever would. Not only are renewables more efficient at delivering energy, they are also much more tax efficient than fossil fuels. Fancy that.
And I have no clue where you get the idea that "Corporate America is just firmly latched onto the government teet." I just looked thru a couple annual reports (IBM, Boeing, Johnson Controls, Honeywell). They talk about their efforts to become "green" and when you look at their financials, the sum total of government subsidies they received was $0 in each case.