BIG BIZ WANTS CLIMATE ACTION

Global companies sign White House pledge on climate change action

Demetri Sevastopulo and Barney Jopson, October 19, 2015 (Financial Times)

“Johnson & Johnson, Procter & Gamble, Nike and Ikea are among dozens of global companies that have signed a White House-sponsored pledge to take more aggressive action on climate change, as part of a broad push by President Barack Obama to corral corporate support for a global climate deal this year in Paris…68 companies have joined the 13 original signatories to the so-called American Business Act on Climate Change Pledge…[L]arge oil and gas companies such as ExxonMobil and Chevron were notably absent…Mr Obama hopes that support from companies with a combined market capitalisation of more than $5tn will boost the chances that the delegates from almost 200 countries can reach a climate accord in Paris. He also plans to use the pledges to craft a legacy on climate change during his final 15 months in office…” click here for more

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