Environmentalist group Ceres has issued a list of 10 major corporations that are among the worst offenders in their respective industries for failing to respond to the dangers of global warming, the Associated Press reports. Among those named are Exxon Mobil, ConocoPhillips and Bed Bath & Beyond.
And a number of institutional investors agree with Ceres that these companies need to curtail greenhouse emissions.
“We’re trying to push these companies as much as possible to just look at what I view [as] very fundamental issues of profitability,” said Richard Moore, state treasurer of North Carolina, one of Ceres’ supporters.
But some investors are lashing back, including mutual fund Free Enterprise Action Fund, which has submitted a resolution before General Electric, faulting the company for speaking out in favor of greenhouse gas restrictions. The fund says those regulations would hurt the company’s profits.
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