Doin’ What Comes Unnaturally 2

GM joins climate pact, Citigroup pledges $50 billion to fight warming

This week saw big businesses make big strides toward climate action -- or at least talking about climate action. The U.S. Climate Action Partnership doubled its ranks, adding 14 businesses and green groups including GM, Dow Chemical, PepsiCo, and Shell. Since forming in January, U.S. CAP has pushed for a cap-and-trade system to control emissions. GM, the first automaker to join the group, inspired the most headlines; some critics claimed greenwashing, while others offered cautious praise. "By joining U.S. CAP, General Motors is acknowledging that global warming is a serious and urgent problem," said Union of Concerned Scientists head Kevin Knobloch. "The key is whether GM will take the additional steps of building and selling vehicles that are significantly cleaner at the tailpipe." Also this week, Citigroup pledged $50 billion to cut its emissions and invest in clean energy. Activists hailed the news, but were quick to point out that the bank still funds dirty energy. Hey, one step at a time.

source: Chicago Tribune, Bloomberg News, 09 May 2007

source: Detroit Free Press, Katie Merx, 09 May 2007

source: MSNBC.com, Reuters, 08 May 2007

see also, in Gristmill: The cap-and-trade boat just got a little fuller,

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  1. usandthem Posted 9:50 pm
    16 May 2007

    Citicorp and clean energyLet's be real here folks.Citicorp is investing in green energy simply because they can see that it is the wave of the future and they can make some money from it.It is no different than BP or any other oil company investing in solar farms in Arizona.The bottom line is all that they(Citicorp)cares about and wants is to be able to control that aspect of energy just like big oil controls that field. Some will say oh well who cares as long as the clean energy agenda is forwarded.I care because we are not changing the attitude about concern for others and the planet.Ed P.

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  2. John former Marine Posted 4:26 am
    04 Dec 2007

    Pepsi/GM connection?Perhaps GM's waste product could be a resource for Pepsi.  If they hook up GM's smokestacks to Pepsi bottling plants, they could pump the CO2 they're producing right into bottles and cans of soda.  That way the people who drink soda can be environmentalists too.  

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