The dinosaurs of American politics and business, hopelessly addicted to fossil fuel money, may soon be extinct. British industry is waking up to a major reality of the future: the climate crisis.
A report by Roger Harrabin for the BBC:
The heads of the 12 leading firms say climate change is a huge challenge that needs serious investment by business.
But they say they cannot invest because they are not sure what future government policies on climate will be.
The letter is signed off by the heads of BP, Shell, HSBC Bank, BAA, John Lewis, Scottish Power and more.
http://news.bbc.co.uk/2/hi/business/4585229.stm
But that’s not even the most important part of the letter.
These industry leaders are recognizing what some environmentalists and alternative energy advocates have been saying. The report continues:
They believe measures to hold CO2 emissions to a safe level would reduce economic growth by no more than 2% by 2050.
They say bold policy action could actually boost Britain’s profits by making the UK a world leader in low carbon technology.
The group say some of the technologies to achieve this goal already exist but need to be developed. Some are yet to be invented.
This is what will be necessary to get started on coping with the climate crisis, and then lessening its future effects: innovative thinking in existing business, to the point of recognizing a business oppportunity to at least offset the damage.
The Brits are ready—will American based global corporate dinosaurs see the light?
This is great news for England-I’ve still not figured out why big business-even the oil industry doesn’t diversify and get into alternative energies as that is the future and they can make as much as they did with their freaken oil business..if not even more. It seems only good businesses sense to me.
It also means that the US is going to be left behind while businesses here strangles the US with their short term greed. And how we will be left behind in new and innovative technologies that continue our descent into a non-world power.
I can’t quite figure out how our own companies can refuse to notice this? Don’t they see that it’s a chance to get into new and lucrative tech? Don’t they have children and grandchildren they’d like to see in a habitable world? Short sighted is the least of it, blind is more like it.