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  • With Government in retreat, companies step up on emissions

    Tuesday, May 16, 2017

    The Trump administration may be pondering a retreat from the United States’ climate commitments, but corporate America is moving ahead with its own emissions goals.

    Fast Facts:

    • Nearly half of the Fortune 500 biggest companies in the United States have now set targets to shrink their carbon footprints.
    • Almost two dozen companies, including Google, Walmart and Bank of America, have pledged to power their operations with 100 percent renewable energy.
    • Google’s data centers worldwide will run entirely on renewable energy by the end of this year, the technology giant announced in December.
    • The laggards, by far, are energy companies. Exxon Mobil, Chevron and Phillips 66 — the largest emitters of the pack — all have no specific public targets to reduce greenhouse gases, improve energy efficiency or shift to renewable energy.
    • President Trump has signed an executive order to reverse most of President Barack Obama’s climate change efforts, effectively ceding American leadership in the global effort to curb global warming.
    • Even companies that disclose emissions and targets may be underreporting their ecological footprints, because disclosure is not subject to the kinds of rigorous standards that would be applied to the company’s books, said Andreas Hoepner from Henley Business School.
    • “Setting targets is a step forward. I’d rather know something than nothing at all,” he said. “But for some companies, reporting could be just a form of marketing” said Hoepner.

    Source: New York Times: Climate, Hiroko Tabuchi, 25/04/2017

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