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Article

22 Sep 2014

Author:
Wendy Koch, USA Today

Company commitments at climate change summit include cutting carbon emissions, combating deforestation & reducing methane leakage

"Companies to make climate pledges at U.N. summit", 22 Sep 2014

[T]his week's U.N. Climate Summit will be as much about business as politics. Major companies, including Big Oil, will make pledges to help fight global warming by cutting their heat-trapping carbon dioxide emissions, protecting the world's forests and reducing methane leakage from fossil fuel production..."This is very different. It's not just policy leaders," says Mindy Lubber, president of Ceres, a non-profit group that promotes sustainability. There's an "unprecedented" number of companies, investors and finance ministers involved, she says...Archbishop Desmond Tutu is slated to announce new fossil fuel divestment. Hundreds of wealthy individuals and at least 50 foundations will pledge to divest any holdings in the world's top 200 oil and gas producers, including ExxonMobil, BP and Chevron...[Other commitments include:] About two dozen large companies will join environmental groups and 24 countries to stop deforestation...They'll join Nestle, Kellogg's, Hershey's and General Mills, which have already pledged action...Six of the world's largest oil and gas companies will commit, via a new partnership with the Climate and Clean Air Coalition, to take steps to reduce methane leaks in fossil fuel production...World Bank President Jim Yong Kim will unveil a growing list of companies and cities that, like his organization, support a price on carbon...]

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