U.S. biz waiting for regulation before cutting emissions, report shows
Only about one-third of leading U.S. companies have set targets to reduce greenhouse-gas emissions, compared to 74 percent of global corporations, says the sixth annual report from the Carbon Disclosure Project. CDP, an influential initiative backed by 385 institutional investors, received input from 64 percent of the Standard & Poor’s 500 U.S. companies (a jump up from 57 percent last year) and approximately 1,550 global companies. While 81 percent of U.S. companies expect that climate change will pose a risk to business, they’re largely choosing to twiddle their thumbs and wait for regulation instead of being proactive. “Governments are still taking their time getting ready to regulate, but further delay doesn’t serve any useful purpose,” says CDP CEO Paul Dickinson. “People are waiting on investment decisions and are waiting for clarity from government now.” They do say clarity begins at home. Hee hee.