Most of my investing is for the future — the far future. While I can’t predict what the future will bring, other people have some good ideas. Take global warming for instance. Sure, there’s a lot of political disagreement about the science, but all sides agree the Earth’s climate is changing regardless of the causes.
There are long-term implications to global warming, and some companies are better prepared at the moment. An article from Fortune Magazine focuses on companies prepared for global warming.
Some companies — General Electric, DuPont, Cinergy, American Electric Power, BP, Toyota and Honda — are seriously grappling with the risks and opportunities posed by climate change. They will be better prepared as governments and shareholders focus on the issue.
Many others — ExxonMobil, Dominion Power, Sempra Energy, Nissan, BMW and Volkswagen — have been slow to address climate change, and they could put their owners at financial risk.
The article cites a study by Ceres, a network of interest groups and others encouraging evironmental responsibility among corporatations. More from the Fortune article:
Political support for regulation of greenhouse gas emissions is growing both in Congress and in state governments. U.S. Sen. John McCain and New York Gov. George Pataki are among the Republican elected officials who support some form of carbon regulation. So do a growing number of CEOs, including GE’s Jeffrey Immelt and Jim Rogers of Cinergy.
Updated July 16, 2010 and originally published March 21, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.