That’s the latest warning of UK think-tank the Carbon Tracker Initiative, as new analysis -– in partnership with CDP and Ceres – shows that many companies are simply paying “lip service” to climate risk. The research examined the answers of 81 coal, oil and gas companies who took part in a survey by CDP – including some of the world’s largest fossil fuels companies such as BP, Statoil, ExxonMobil, Chevron, BHP Billton and Rio Tinto. Of the companies asked, 86% said they consider climate change a physical risk for their business, while 99% thought climate-related regulation, including carbon taxes or cap and trade schemes, to be risk to their operations. Yet just 7% of companies provide evidence that they were adequately integrating this risk into their spending assessments – showing these companies are failing to connect the dots. - tcktcktck.org
Posted on: Sat, 18 Oct 2014 02:13:57 +0000
Trending Topics
Recently Viewed Topics
© 2015