CEOs urge world leaders to take bolder climate action
CNN
More than 70 CEOs from some of the world's biggest companies have urged governments to do much more to tackle climate change, including forcing businesses to reduce their carbon emissions.
In an open letter published on Wednesday, company chiefs — including Mark Schneider of Nestlé (NSRGY) and Ramon Laguarta of PepsiCo (PEP) — called on all governments to set policies to meet targets consistent with the Paris climate agreement's most ambitious goal of capping the global rise in temperatures to 1.5 degrees Celsius. The push comes as leaders of the G7 group of industrialized nations meet in the United Kingdom this weekend and ahead of COP26, a global climate summit, in November. It echoes a similar call by Shell (RDSA) CEO Ben van Beurden on Wednesday, who said his oil company would accelerate cuts to emissions but the crisis was too big for one company to tackle and would need global collaboration between business, government and society.
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