Philip Morris Joins Growing Group of Carbon-Pricing Corporations
- Mexico, China lead growth to almost 1,400 using internal cost
- Cargill, Kellogg now using carbon cost in decision-making
Several brands of Philip Morris cigarettes are displayed for a photograph in Tiskilwa, Illinois, U.S., on Tuesday, April 17, 2012. Philip Morris International is scheduled to release 2012 first quarter earnings on Thursday, April 19.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
Philip Morris International Inc. wants to know what a price on carbon will mean for smokers.
The maker of Marlboro cigarettes now uses an internal cost of carbon emissions in its business decisions, joining a group of almost 1,400 companies that agreed to consider how greenhouse gas emissions will affect their industries, according to a statement Thursday from environment group CDP. That’s up from 150 companies in 2014.