Thursday, 19 October 2006

U.S. Companies Expect Climate Change Law By 2010

The Pew Center on Global Climate Change reports that many companies in the United States are beginning to address their climate change impact now. Their moves are in anticipation of eventual U.S. action to regulate greenhouse gas emissions.

“If you look at what is happening today at the state level and in the Congress, a proactive approach in the policy arena clearly makes sound business sense” said the Pew Center’s Eileen Claussen. “In the corporate world, inaction is no longer an option."

"All companies will be affected to varying degrees, and all have a managerial and fiduciary obligation at least to assess their business exposure to decide whether action is prudent."