Flashback – 14 September 2009 – Investment banks in carbon trading
Reuters – Investment banks are chasing opportunities in a $126 billion carbon market as the U.S. Senate considers a federal climate bill that would launch a cap and trade scheme. Governments worldwide are also expected to lean heavily on the private sector and carbon markets in particular, as a way to raise finance to fight climate change, at a major U.N.-led meeting in Copenhagen in December. Read Article
Tags: banks, climate, nature of corporations, North America
23 multinational corporations came together in the G8 Climate Change Roundtable, a business group formed at the January 2005 World Economic Forum. The group included Ford, Toyota, British Airways, BP and Unilever. On June 9, 2005 the Group published a statement stating that there was a need to act on climate change and stressing the importance of market-based solutions.