CO2-hysteric businesses blow shareholder money on UN ‘Caring for Climate’ initiative

"Top" global businesses gather for UN ‘Caring for Climate’ initiative - News

A United Nations-backed “Caring for Climate” gathering today is drawing representatives from more than 150 corporations, civil society organizations and governments from around the world to discuss business solutions to the problem of global warming and speed up action on climate change. The UN Global Compact, the UN Environment Programme (UNEP) and the World Business Council for Sustainable Development (WBCSD) launched the “Caring for Climate” scheme last year, with chief executive officers (CEOs) of 150 companies – including 30 from the Fortune Global 500 – signing on.

Today’s meeting in Geneva is the first gathering of those signatories, aiming to create a shared path in support of an effective successor pact to the Kyoto Protocol, whose first commitment period ends in 2012.

Why did 470 of the Fortune Global 500 fail to sign on?