Is Corporate America Really Scared of Global Warming?

The smoke stacks at American Electric Power's (AEP) Mountaineer coal power plant in New Haven, West Virginia, October 30, 2009. In cooperation with AEP, the French company Alstom unveiled the world's largest carbon capture facility at a coal plant, so called 'clean coal,' which will store around 100,000 metric tonnes of carbon dioxide a year 2,1 kilometers (7,200 feet) underground.
National Journal
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Ben Geman
Jan. 24, 2014, 2 a.m.

The an­swer is yes, ac­cord­ing to The New York Times.

The Times re­ports that there’s a “grow­ing view” among busi­ness lead­ers and eco­nom­ists that glob­al warm­ing con­trib­utes to lower gross do­mest­ic products, high­er food and com­mod­ity costs, sup­ply chain prob­lems, and oth­er fin­an­cial risks.

“Their po­s­i­tion is at strik­ing odds with the long-stand­ing ar­gu­ment, ad­vanced by the coal in­dustry and oth­ers, that policies to curb car­bon emis­sions are more eco­nom­ic­ally harm­ful than the im­pact of cli­mate change,” writes Cor­al Dav­en­port (a Na­tion­al Journ­al alum).

More on the cli­mate front:

The Hill ex­am­ines a new re­port that con­cludes cli­mate change could threaten winter Olympic Games later this cen­tury.

The Wash­ing­ton Post takes a de­tailed look at the latest European Uni­on cli­mate plan.


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