US-based KLD Research Analytics is setting up a new investment index
composed of companies that take ‘positive’ action to reduce global
warming.
The Global Climate 100 Index will consist of large and small cap
companies that KLD expects ‘will provide near-term solutions to global
warming while offsetting the longer-term impacts of climate change
through renewable energy, alternative fuels, clean technology and
efficiency’.
The index includes D1 Oils, a UK company producing biodiesel from
vegetable oil, Japan’s GS Yuasa Corporation, which has developed
energy-efficient batteries, and BT, which signed the world’s
largest green energy contract this year.
At present slightly more than half the companies in the index are based
in the US or Canada, a quarter are in Europe and the remainder in the
Asia Pacific region.
A
third of ExxonMobil shareholders have supported an AGM resolution
asking directors to review how the company will meet greenhouse gas
reduction targets in Kyoto Protocol countries.
