|COMPANY PROFITS UNAFFECTED BY CLIMATE CHANGE LAWS: POLL|
Aruba, September 10, 2012 - Almost 50 percent of global investors in a survey said government efforts to combat climate change will have little effect on corporate profits, while most say global warming is a danger to the planet.
Actions to limit pollution will have “not much impact” on profitability, according to 49 percent of respondents in the Bloomberg Global Poll, while a third said profit may fall. Eight percent of the investors, analysts and traders surveyed among Bloomberg’s global customers said such efforts would have a positive impact on corporate profitability in their nation.
“Business must realize that without some form of socially responsible behavior with regard to concerns over the environment, very high costs will fall upon society eventually,” John O’Connell, chief executive officer of the Toronto-based investment firm Davis Rea Ltd., said in an e-mail. “I do not see a major impact on profitability.”