Climate Change As A Line Item

While the nation’s political leaders debate the implications of global climate change, a new report from researchers CDP discloses that a number of the biggest and smartest energy players including Exxon Mobil, ConocoPhillips, Chevron, BP, and Royal Dutch Shell have integrated an “internal carbon price” into their business planning calculations.

In fact carbon pricing estimates are becoming a standard operating practice for companies in a variety of industries as they account for the increasing likelihood of extreme and unpredictable weather events as a business reality for which they need to be prepared.

According to CDP, most of the companies in the report said they anticipate an eventual regulatory approach to address climate change. Thus they are using carbon pricing as a framework to identify revenue opportunities, risks and energy efficiencies to reduce costs and drive investment decisions.

Read the CDP report on corporate carbon pricing here...