6/ We also find differences in lobbying targets, where firms that are highly exposed to opportunities are more likely to target the Department of Energy (R&D funding) while those with regulatory concerns focus more on rulemaking by the Environmental Protection Agency.

5/ Our main results show that as the effects of climate change intensify, firms become more politically active. In particular, differences in exposure to physical risks, regulatory interventions, and market opportunities explain variation in political activity.

2/ Exposure to climate change can have positive or negative implications, reflecting potential growth opportunities for some and threats to the business of others. Firms' differential exposure, especially relative to competitors in the same industry, drives lobbying.

1/ New Pre-Print When do firms engage in climate politics? We argue that lobbying occurrence, intensity, and targeting depend on the multifaceted potential impacts of climate change on firms. A short 🧵https://osf.io/preprints/socarxiv/yq27d/
Polisky