21 Sep '11, 1am

Major Corporations Contradict GOP By Profiting From Carbon Reduction Projects

The classic five-year payback requirement for investing is way too long when there are competing requests for scarce capital resources. A shorter payback on a modestly priced carbon reduction project has a better shot at getting executive committee support - an especially good prospect while corporations hold record amounts of cash. Here's the point. The current GOP political strategy is to portray EPA and anything to do with mitigating climate change as "job killers." Even if these politicians know better, the strategy misleads voters who lack insight into what business leaders - the 'job creators' as Republicans like to call them - really are up to. As documented by the referenced CDP findings, a number of Fortune-listed firms with no government regs driving the decision and no special tax incentives offered, are investing their own money in carbon reductions and getting...

Full article: http://www.treehugger.com/files/2011/09/major-corporation...

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