Articles by Sara Barz
Sara Barz is a writer based in Seattle. Follow
The CEOs of 100 large multinational corporations -- including companies from carbon-intense industries -- have signed a World Economic Forum statement [PDF] that calls on the G8 to create a strategy to cut global greenhouse-gas emissions by at least 50 percent by 2050. The G8 will be meeting in Japan next month, and Japanese Prime Minister Yasuo Fukuda will be pushing hard for an agreement on climate change.
Notable signatories to the statement: Airbus, British Airways, BP, Duke Energy, DuPont, Electricite de France, Entergy, E.ON, Michelin, Petrobras, Renault, Rolls-Royce, and Shell.
Are pigs flying? Not quite.
Photo: Dean Souglass
Ford will close its Michigan Truck Plant in Wayne for nine weeks -- four weeks longer than previously announced -- starting on June 23. Birthplace to Lincoln Navigators and Ford Expeditions, the MTP has come in for hard times due to the plummeting market for SUVs. Since January, Expedition sales are down 31 percent; Navigators, 22 percent. Once bread and butter for American automakers, SUVs have fallen victim to $4-a-gallon gasoline.
To the lay observer, the temporary MTP closure is just another symptom of the shift away from SUVs, but it actually signifies a whole lot more for American automakers: At the height of the SUV boom in the late '90s, the MTP was the most profitable factory, in any industry, anywhere in the world.
Keith Bradsher, Detroit bureau chief of The New York Times from 1996 to 2001, wrote in his book High and Mighty: The Dangerous Rise of the SUV: