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Europe’s Industry Behemoths Back Green Deal Ahead of Key Summit

  • European Round Table for Industry supports zero-emissions plan
  • EU may commit this week to become a climate-neutral economy
Urban Traffic As Cities Debate Emissions And Future Of Cars

Photographer: Sean Gallup/Getty Images 

The European Union’s biggest business leaders threw their weight behind a plan to make the bloc climate-neutral, a commitment that could be adopted at a leaders’ summit this week.

“Europe has the technology and the political will to take the lead in transitioning towards a climate-neutral, resource-saving sustainable future,” the European Round Table for Industry said in a policy document released Sunday. “The global environmental and long-term economic benefits are obvious, while the cost of global inaction would be intolerable,” said the group, which counts household names such as L’Oreal SA’s Jean-Paul Agon, Siemens AG’s Joe Kaeser and BP Plc’s Helge Lund among its members.