Wednesday, September 14, 2005

 

Corporate America Bowing to Kyoto Accord Pressure

I no sooner finished posting the previous item about Munich Re's environmental statements than I find a Reuters report that many large American corporations are preparing to meet Kyoto standards, even though the Bush administration did not sign it! Wonders will never cease. Of course there is a reason: they're afraid that they'll be at a competitive disadvantage in the rest of the world unless they join the parade.

"Growing numbers of U.S. companies are beginning to shape emissions plans for many reasons. Either they have operations in other developed nations subject to carbon regulations, they are preparing for possible future state or federal U.S. regulations, or they are worried about 2012, when current Kyoto regulations could be expanded to developing countries."

Read complete article here.

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