CEOs no longer refute global warming
CARY, NORTH CAROLINA - U.S. chief executives no longer reject claims of human-caused climate change, putting to rest a dispute that has raged in boardrooms for decades, said the head of PG&E.
Members of the Business Council, a group of executives from the top 120 U.S. companies, have altered their beliefs about climate change significantly, said PG&E Chief Executive Officer Peter Darbee in an interview.
Darbee was attending the Business Council's October gathering in Cary, North Carolina.
"No one among the group was arguing the science of climate change," said Darbee. "That debate, at least in that forum, appears to be over. The discussion was really about, 'climate change is happening, it is a challenge of vast proportions and it will require an effort on the part of mankind to respond to this challenge.'"
Darbee also said a tangled web of state and federal laws governing energy use and conservation was delaying action.
"The greatest challenge we face getting our business done is the unintentional gauntlet of government regulation," he said. "What renewable energy developers have to go through — the hoops and hoops and hoops."
Related News
Economic Crossroads: Bank Earnings, EV Tariffs, and Algoma Steel
OTTAWA - In a complex economic landscape, recent developments have brought attention to several pivotal issues affecting Canada's business sector. The Globe and Mail’s latest report delves into three major topics: the latest bank earnings, the implications of new tariffs on Chinese electric vehicles (EVs), and Algoma Steel’s strategic maneuvers. These factors collectively paint a picture of the challenges and opportunities facing Canada's economy.
Bank Earnings Reflect Economic Uncertainty
The recent financial reports from major Canadian banks have revealed a mixed picture of the nation’s economic health. As the Globe and Mail reports, earnings results show robust performances in some areas while…
