On 04/12/2007, at 10:26 AM, Dave wrote:
> "Climate change is "an urgent problem that requires global action,"
> according to a joint statement issued this week by the leaders of
> more than
> 90 major international corporations and organizations, including
> Citigroup,
> General Electric, Rolls Royce, Volvo and the World Council of
> Churches.
The skeptic in me takes that with a grain of salt too. Not only
are "major international corporations and organizations" no more
qualified to issue opinions on this stuff than I am (or Mike Borgelt
is), they're also being transparent enough about it to wear their
motivations on their sleeves.
Corporations have recently fallen in love with climate change because
it means they get to sell a whole new class of climate-friendly widgets.
If you're General Electric or Rolls Royce, you'd be jumping for joy
over the notion that airlines will be pressured to replace all their
jet engines and power companies will be pressured to buy new clean
electricity generating systems. And if you're Citibank or HSBC you'd
be looking forward to margin trading in global emissions markets
every bit as much as you look forward to margin trading on futures
markets.
The presence of a market causes profits to spring into existence from
the vapour. It isn't hard to see why the companies that stand to
make out like bandits from those nascent markets might be all lining
up to write glowing appraisals about them.
- mark
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I tried an internal modem, [EMAIL PROTECTED]
but it hurt when I walked. Mark Newton
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