Business Smells the Whiff of Money in Climate Change

Climate change is set to dominate discussions this week at the World Economic Forum in the Swiss ski resort of Davos, where some 900 company chief executives and board chairmen are expected to rub shoulders with 24 heads of state.

Published: 23-Jan-2007

LONDON, – A spate of corporations flaunting their environmental credentials, and especially their concern about climate change, says as much or more about a shifting commercial landscape as the planet's future.

The so-called U.S. Climate Action Partnership called Monday for a federal plan to curb greenhouse gas emissions, a day before President George W. Bush is expected to avoid proposing just that in his State of the Union speech.

"These recommendations should catalyze legislative action," said Jeff Immelt, chairman and chief executive officer of General Electric Co. , a member of the group, which also includes BP America.

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