A coalition of major American investors decided to publish a list of companies that have been identified as not responding correctly to the problematic of climate change. More than ten multinational corporations are put on this list along with 26 smaller American companies.
There is no miracle here... the reasons brought forward by the investors are mostly related to finance and profit but at least, they are not trying to make it look as if it was out of sheer concern for the future of Mother Nature.
For example, Mindy Lubber, president of Ceres - a leading coalition of environmental groups - says: "Many US companies are confronting the risks and opportunities from climate change, but others are not responding adequately - and they may be compromising their long-term competitiveness and shareholder value as a result". In the same manner, Richard Moore, North Carolina State Treasurer, tells us that: "Acknowledging the business risks posed by climate change is just good business, and shareholders demand it."
These discours led up to concrete measures since about 42 global warming resolutions were filed with US companies by different coalitions which manage a total of $200 billion. Concerning the "black list" companies, here are the ten corporations concerned: Wells Fargo, TXU, Dominion Resources, Allegheny Energy, ACE, Massey Energy, Consol Energy, ExxonMobil, ConocoPhillips, Bed Bath & Beyond.
You will not be surprised to see again the name of ExxonMobil which is well-known for its "denial of global warming" lobbying. We already had the opportunity to mention this company in a previous article of ours. Anyway, you should take a look at their website and especially at the "Corporate Citizenship" category. You will be told that Exxon is extremely concerned with preserving biodiversity and invests most of its R&D credits in developing energies which reduce the exhaustion of gaz with greenhouse effect. When we know that ExxonMobil has been singled out by its own team of shareholders, this kind of discourse becomes sadly ridiculous...
Source: Corpwatch
There is no miracle here... the reasons brought forward by the investors are mostly related to finance and profit but at least, they are not trying to make it look as if it was out of sheer concern for the future of Mother Nature.
For example, Mindy Lubber, president of Ceres - a leading coalition of environmental groups - says: "Many US companies are confronting the risks and opportunities from climate change, but others are not responding adequately - and they may be compromising their long-term competitiveness and shareholder value as a result". In the same manner, Richard Moore, North Carolina State Treasurer, tells us that: "Acknowledging the business risks posed by climate change is just good business, and shareholders demand it."
These discours led up to concrete measures since about 42 global warming resolutions were filed with US companies by different coalitions which manage a total of $200 billion. Concerning the "black list" companies, here are the ten corporations concerned: Wells Fargo, TXU, Dominion Resources, Allegheny Energy, ACE, Massey Energy, Consol Energy, ExxonMobil, ConocoPhillips, Bed Bath & Beyond. You will not be surprised to see again the name of ExxonMobil which is well-known for its "denial of global warming" lobbying. We already had the opportunity to mention this company in a previous article of ours. Anyway, you should take a look at their website and especially at the "Corporate Citizenship" category. You will be told that Exxon is extremely concerned with preserving biodiversity and invests most of its R&D credits in developing energies which reduce the exhaustion of gaz with greenhouse effect. When we know that ExxonMobil has been singled out by its own team of shareholders, this kind of discourse becomes sadly ridiculous...Source: Corpwatch
par Rom.
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