Two-thirds of senior company executives believe it is not currently commercially viable to operate as a net-zero emissions business, a global survey commissioned by British lender Standard Chartered showed.
The survey of 250 executives by Zeronomics found that a focus on shorter-term returns meant 77per cent of companies"struggle to justify" giving up reliable revenue from a proven business model in exchange for uncertain future returns.
However, the pace of change remains slow, frustrating investors who are calling on companies to move more quickly and be more open about their plans. "Despite the need for immediate action, the transition to net-zero carbon is a long-term project with long-term benefits," the report said."However, companies are not set up to take the long view."
You know, there are times when I wish those company bosses would just shut up. Capitalism has done NOTHING to help our lives and the World in which we live.