Corporate reaction to climate change

With the Copenhagen international climate conference approaching in December, the reaction of business leaders to climate change is becoming increasingly dynamic.

Recently California’s Pacific Gas and Electric, PG&E, resigned its membership in the United States Chamber of Commerce in protest of their positions on climate change and cap-and-trade proposals. Its spokesperson referred to its “disingenuous attempts to diminish or distort” scientific findings about global climate change. Other members such as Nike and Johnson & Johnson have tried to distance themselves from the Chamber’s environmental statements and activities.

In Japan, the nation’s most prominent business association, Keidanren, strongly supported the Liberal Democrat Party and their recent low carbon emissions targets. There seems to be considerable conflict with the current Democratic Party Prime Minister Hatoyama Yukio’s ambitious goals of a 25% reduction in emissions, including technology transfers to developing countries.

I recently learned that there is a second business council in Japan called Keizai Doyukua (Japan Association of Corporate Executives), headed by the CEO of Ricoh, that is closer to the new prime minister and more open to the new global business opportunities that environmental regulation will bring. It is interesting to note which corporate executives Hatoyama recently appointed to the Government Revitalization Unit, a key committee on eliminating government waste: Kyocera Corp. Honorary Chairman Kazuo Inamori and Kikkoman Corp. Chairman Yuzaburo Mogi.

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