Wednesday, December 24, 2008

Industry, investors call for clear climate policy


Major companies and investors on Monday appealed for "decisive action" by representatives of 187 countries attending United Nations climate talks in Poland.

Climate negotiators are gathered for Dec. 1-12 talks in the western city of Poznan, at a meeting meant to push for a agreement on a new climate treaty by next December in Copenhagen to replace or extend the Kyoto Protocol after 2012.

"At the Poznan meeting, we urge countries to agree on a plan of action for the final year of negotiations," read a text from the business leaders of over 140 global companies, drafted by the UK-based Corporate Leaders' Group on Climate Change (CLG).

Those companies included Ebay, Sun Microsystems Inc, BP, and Unilever. For the full statement double-click on www.poznancommunique.com

Climate policies such as carbon trading or carbon taxes affect companies' fuel bills and long term investment choices between different energy sources.

See full Article.