Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Investors target Exxon, Massey for lags on climate

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Environment/Energy Donate to DU
 
cal04 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-18-09 01:56 PM
Original message
Investors target Exxon, Massey for lags on climate
http://www.alertnet.org/thenews/newsdesk/N17370307.htm

A coalition of U.S. investors put companies including Exxon Mobil Corp and coal miner Massey Energy Co on a "Climate Watch" list on Wednesday, claiming the long-term competitiveness of the firms could be hurt by their lack of action on climate change.

"For a company in a major emitting sector ... to not be thinking about how they are going to address a regulated environment creates red flags for investors," Mindy Lubber, the president of Ceres, a Boston-based coalition of investors and environmentalists, said in an interview.

Lubber said the companies have lagged in taking action on climate change even though U.S. President Barack Obama plans to regulate emissions of gases blamed for warming the planet.

"Companies that miss this trend will be setting themselves up to fail in the 21st century low-carbon economy," she said.
Printer Friendly | Permalink |  | Top

Home » Discuss » Topic Forums » Environment/Energy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC