Some of the world’s most prominent companies are expected to set a long-term target on Wednesday of powering their operations entirely with renewable energy, the latest in a wave of commitments suggesting that corporations are becoming more serious about battling global warming.
In addition, backers of a campaign to divest from fossil fuels announced Tuesday that investment managers controlling assets of $2.6 trillion had joined their effort, a 50-fold increase from a year ago and a sign that the divestment movement had spread far beyond its modest origins on American college campuses.
Nine major companies are expected on Wednesday to join a global coalition of firms intent on converting to renewable energy. The new members include Johnson & Johnson, Procter & Gamble, Starbucks, Walmart and Goldman Sachs. A handful of the companies have already reached the 100 percent target; others do not expect to do so for several decades, but they are typically setting aggressive interim targets.
Continue reading: Global Companies Joining Climate Change Efforts
The Secular Jurist 
This is hopeful.
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Yes, but let’s employ the “trust but verify” approach. These corporations might just be trying to score P.R. points ahead of the Pope’s climate-focused speech to Congress this week.
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Yes, the truth will be in the pudding. Still, this jives with reports that Big Business is seeing that fossil fuels are risky to the bottom line. Example:http://www.theguardian.com/environment/2015/mar/03/bank-of-england-warns-of-financial-risk-from-fossil-fuel-investments
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Absolutely. Earlier this year, I assisted a journalism student in researching the fossil fuel divestment movement and the results were extremely surprising. Wall Street firms are seriously sounding the alarm bells about fossil fuel investments, particularly for coal, but their analytical reports have been getting scant attention in the mainstream media.
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Reblogged this on Art, animals, and the earth.
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Probably public relations, but another reason could be the bottom line. With the cost of solar installation going down and equal or less than traditional energy, the bean counters are calculating a point where energy with renewable means much less energy expense, becoming desirable for profits. The energy policy and seeming total lack of leadership in the United States is nothing more than pathetic considering the untapped huge potentials.
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