17 Oct '11, 5pm

IBM Tops US Companies in Newsweek's 2011 Green Rankings

When Newsweek ran its first Green Rankings two years ago, climate change was high on the agenda. The U.S. House had passed a cap-and-trade bill to put a price on carbon, and the world's biggest economies were about to make history with an agreement to cut greenhouse gas emissions in Copenhagen. ... Climate science in the U.S. has been politicized by Tea Partiers and others. A skeptical Congress, plus the on-going economic downturn, have made environmental regulations a tough sell. Elsewhere in the world, there is some movement -such as in Australia, which is close to passing a carbon tax - but it's slow. While many of the world's biggest companies wait for government regulation, the top-ranked companies are approaching green projects with increasing tenacity, even in this weak economy. "They have decided this is a long-term play," says Thomas Lyon, professor at the Univers...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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