Connect to Us LinkedIn Youtube RSS

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.
Overall, 38 percent of investors said climate change was a major threat to the environment, down from 48 percent in July 2009. Forty percent called it a minor threat in the most recent poll and 19 percent said warming presents no real threat.

“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.”
Measures to control heat-trapping gases from power plants and factories vary by nation. The U.S. never ratified the Kyoto Protocol, an international agreement adopted in 1997 that aims to limit greenhouse gases from industrial nations. The European Union has set a target of cutting the emissions in its nations by 20 percent in 2020 from 1990 levels.

Read more/source: http://www.bloomberg.com./news/2012-09-07/company-profits-unaffected-by-climate-change-laws-poll.html

 

By orbitalnets.com