UNITED NATIONS: Almost 90 big companies in sectors from food to cement to telecommunications are pledging to slash their greenhouse gas emissions in a new campaign to steer multi-nationals towards a low-carbon future, organizers said on Sunday.
Some companies in the coalition have agreed to slash their carbon emissions to net zero by 2050, including Swiss food company Nestle, French building materials company Saint-Gobain, and French cosmetics maker L'Oreal. With fossil fuel companies still developing new oil and gas fields and many developing countries expanding coal-fired power, the coalition's pledges are minuscule relative to rising global emissions.
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