A New York Times article reports that at least 29 companies are incorporating a price on carbon into their long-term financial plans. The list of companies includes many with ties to the Republican Party: ExxonMobil, Walmart, American Electric Power, Microsoft, General Electric, Walt Disney, ConAgra Foods, Wells Fargo, DuPont, Duke Energy, Google and Delta Air Lines. The article focuses on the political divide that this development represents, and concludes that: “The divide, between conservative groups that are fighting against government regulation and oil companies that are planning for it as a practical business decision, echoes a deeper rift in the party, as business-friendly establishment Republicans clash with the Tea Party.” The article is based on a report by environmental data company CDP. See “Large Companies Prepared to pay Price on Carbon” in the New York Times at: http://www.nytimes.com/2013/12/05/business/energy-environment/large-companies-prepared-to-pay-price-on-carbon.html?nl=todaysheadlines&emc=edit_th_20131205&_r=0
The 2013 Canadian report of the CDP (formerly the Carbon Disclosure Project), was released on October 1, ranking the Canadian companies doing the best job of investing to cut greenhouse gas emissions and preparing for climate change. The report was prepared by Accenture on behalf of the non-profit CDP, and is based on questionnaires sent to the 200 largest Canadian companies by market capitalization (the “Canada 200”), as listed on the Toronto Stock Exchange (TSX). Key results: 85% of respondents say that climate change is integrated into their business strategy (an increase from 77% in 2012); 64% of respondents offer incentives for “climate performance” (from 14% from 2012). The five top Climate Performance Leadership companies are: ARC Resources Ltd., Thomson Reuters, Bank of Montreal, Suncor Energy, and TD Bank.
See the Canadian Report at: https://www.cdproject.net/CDPResults/CDP-Canada-200-Climate-Change-Report-2013.pdf. The U.S. version of this report is based on the 500 S & P-listed companies and is available at: https://www.cdproject.net/CDPResults/CDP-SP500-climate-report-2013.pdf