DaimlerChrysler, Ford Change Lanes

Richard L. Sandor

Chapter 6 in How I Saw It:Analysis and Commentary on Environmental Finance (1999–2005), 2017, pp 16-18 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Bolstering a trend that would have been unbelievable in the pre-Kyoto era, both Ford and DaimlerChrysler have recently announced their decision to leave the Global Climate Coalition. This coalition is a group of companies that believes that the science of global warmingis uncertain and opposes international agreements to reduce emissions of greenhouse gases (GHGs). Ford, one of the largest and most powerful multinational corporations, became the first American car maker to announce its controversial departure (see Chapter 4 “Seeing the Wood for the Trees”, December 1999/January 2000). This followed the earlier departure of a group of other large companies including American Electric Power, Dow Chemical, and Royal Dutch/Shell…

Keywords: Environment; Emissions; Trading; Finance; Derivatives; Water; Energy; Carbon; Catastrophe; Weather; Sustainability; Fisheries; Greenhouse Gases; Sulfur Dioxide; Acid Rain (search for similar items in EconPapers)
JEL-codes: Q50 (search for similar items in EconPapers)
Date: 2017
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