Companies Join Investors to Pledge Climate Action
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While U.S. President Barack Obama and more than 100 other world leaders will meet in a summit devoted to climate change, the most tangible action on global warming this week may come from investors and companies.
A foundation tied to the Rockefeller family, heirs to the Standard Oil Co. fortune, today announced it’s joining other groups in exiting coal and tar sands investments. Mars Inc. and 11 other companies unveiled plans to phase out fossil-fuel use. And Statoil ASA and five other oil and gas are set to pledge to plug methane leaks.