Tuesday, November 6, 2007

Getting Emissions on the Books

From the Wall Street Journal Online:

Paul Dickinson, chief executive of the London-based Carbon Disclosure Project, has spent seven years persuading institutional investors to back his efforts to convince companies to disclose carbon-emission levels. Today, institutions managing assets valued at a total $41 trillion are backing the project.

The not-for-profit initiative has been financed by family endowments, led by Rockefeller Philanthropy Advisors, and won the support of former U.S. President Bill Clinton, who said at its September conference that you can never get a handle on the way companies cut emissions without measuring what they produce at the outset.

The Carbon Disclosure Project is an independent lobbying organization that works with 315 institutional investors and 2,400 of the world's largest companies to focus on reducing carbon emissions and energy consumption....MORE