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Big Business Urges Urgent G8 Global Warming Action

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  • mtneuman@juno.com
    Big business has apparently decided it s best to start covering their butt. ... Big Business Urges Urgent G8 Global Warming Action ... UK: June 10, 2005 LONDON
    Message 1 of 1 , Jun 10, 2005
      Big business has apparently decided it's best to start covering their

      Big Business Urges Urgent G8 Global Warming Action

      UK: June 10, 2005

      LONDON - Big business added its voice on Thursday to a growing crescendo
      of calls on the governments of the world's richest nations to take urgent
      action to curb potentially catastrophic global warming.

      The call follows a similar appeal from the world's top scientists and
      comes four weeks before leaders of the Group of Eight -- along with
      China, Brazil, South Africa, India and Mexico -- meet in Scotland to
      discuss the climate crisis.
      "We share the belief that climate change poses one of the most
      significant challenges of the 21st century," said moguls from
      multinationals including car maker Ford, airline British Airways, bank
      HSBC, electricity generator EdF and oil major BP.

      "We agree that the science is sufficiently compelling to warrant action
      by both the private and public sector, and ... action must be initiated
      now," the business moguls said in a statement issued in London.

      While most scientists agree the burning of fossil fuels for transport and
      to generate electricity is a major contributor to potentially
      catastrophic climate change, the United States under President George W.
      Bush is unconvinced and antagonistic.

      British Prime Minister Tony Blair has made tackling global warming, with
      its rising sea levels, increases in droughts and floods and threats to
      the lives of millions of the world's poorest people, a key goal of his
      2005 presidency of the G8.


      The G8 Climate Change Roundtable -- the name under which the leaders of
      the 23 firms behind Thursday's statement worked -- called for the summit
      on July 6-8 near Edinburgh to set out a global plan of action.

      This plan should have a clear framework, a long lifetime, set specific
      targets and involve everyone from consumers to business, charities and

      To the dismay of environmental lobby groups, a leaked draft last month of
      the climate change declaration due from the summit at Gleneagles
      contained neither targets nor timetables.

      The business leaders said governments must use public procurement to ram
      home the message of climate change, promote low carbon technology, share
      information and push for environment friendly economic growth in
      developing countries.

      "With properly designed programs and incentives, we can unleash the power
      of the market to accelerate the deployment of low carbon technologies
      engaging both producers and consumers alike," they said.

      Environmental lobby group Friends of the Earth warmly welcomed the

      "Just a few years ago large international business and the environment
      groups were on opposite sides of the fence. This statement shows just how
      far big business has moved. Now we are more or less on the same page,"
      FoE chief Tony Juniper said.

      Story by Jeremy Lovell

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