Most U.S. Industry Giants Ignoring Global Warming (Shocking!! NOT!)

[DUreader]

http://www.commondreams.org/headlines03/0709-10.htm


BOSTON - Most of the nation's largest carbon dioxide emitting companies are failing to assess,
disclose and address the financial risks posed by climate change, according to a new study of 20 of
the world's largest companies. Unlike many of their foreign rivals, American industry giants such as
ChevronTexaco, ExxonMobil, General Electric, Southern Company and Xcel Energy, continue to
pursue business strategies that discount the global warming threat, the report details.

"Such strategies leave them and their shareholders especially vulnerable to the increased financial
risks and missed market opportunities posed by climate change," said Doug Cogan, author of the
study and deputy director of social issues for the Investor Responsibility Research Center (IRRC).

"Companies cannot expect to mitigate climate change risks and seize new market opportunities until
they build a foundation of well functioning environmental management systems and properly focused
governance practices for a carbon-constrained world," Cogan explained.

The report, "Corporate Governance and Climate Change: Making the Connection," was
commissioned by CERES, a coalition of investor, environmental and public interest groups, and
compiled by the IRRC, an independent firm that advises institutional investors managing more than $5
trillion in assets.

[ayeshahaqqiqa]

1. I guess they

think that if they keep their heads in the sand, this whole nasty global warming thing will just go away. Besides, being environmentally responsible costs money, and they must still think that he who dies with the most toys wins. What they don't realize is that he who dies with the most toys is still dead.

[Yaoi_Huntress_Earth]

2. Or maybe

Or maybe they just follow the same idealogy as a former fundy co-worker of mine that, "So what , I'm going to Heaven."
Love,
Yaoi Huntress Earth