Nestle, Volvo among 130 companies urging COP28 agreement to ditch fossil fuels
(www.reuters.com)
from L4s@lemmy.world to technology@lemmy.world on 24 Oct 2023 02:00
https://lemmy.world/post/7244448
from L4s@lemmy.world to technology@lemmy.world on 24 Oct 2023 02:00
https://lemmy.world/post/7244448
Nestle, Volvo among 130 companies urging COP28 agreement to ditch fossil fuels::Companies including Nestle , Unilever , Mahindra Group and Volvo Cars are urging political leaders to agree a timeline at the upcoming U.N. climate summit to phase out fossil fuels.
threaded - newest
This is the best summary I could come up with:
LONDON, Oct 23 (Reuters) - Companies including Nestle (NESN.S), Unilever (ULVR.L), Mahindra Group and Volvo Cars are urging political leaders to agree a timeline at the upcoming U.N. climate summit to phase out fossil fuels.
The 131 companies, which have nearly $1 trillion in global annual revenues, wrote in a letter published on Monday that attendees at the COP28 summit must commit to reach 100% decarbonised power systems by 2035 for richer economies, and help developing countries financially so they can ditch fossil fuels by 2040 at the latest.
“Our businesses are feeling the impacts and cost of increasing extreme weather events resulting from climate change,” the companies wrote in the letter, which was coordinated by the non-profit We Mean Business Coalition, which is pushing for greater climate action globally.
COP28 begins in Dubai on Nov. 30 against a backdrop of more scientists warning that the world is not on course to avoid the worst impacts of climate change by meeting the goals of the 2015 Paris accord, which committed countries to limit global temperature rises to 1.5 degrees Celsius (34.7°F) from pre-industrial levels.
The speed at which countries should phase out fossil fuels will be one of the thorniest issues.
Calls from Europe and elsewhere to stop burning CO2-emitting fuels will run into the arguments of the world’s biggest fossil fuel producers, consumers, as well as poorer nations that say they cannot cut CO2 emissions fast enough without significantly more financial support from wealthy nations.
The original article contains 331 words, the summary contains 246 words. Saved 26%. I’m a bot and I’m open source!
Great! What viable alternative have they come up with?
Edit: somebody’s mad lol
Don't worry about it budday!
The chocolate industry hasn't found a viable alternative to African slavery 160 years after the emancipation proclamation, but they've got this fossil fuels thing licked!
Nestlé is doing something right?
Well you know what they say about broken clocks
You can’t trust them?
Nestle is being damaged by environmental changes and now trying to get someone else to do something about it.
Don’t worry, still profit at all cost assholes
They realised that chocolate melts at high temperatures, so if they allow climate change to continue, they can’t sell any more kitkats.
😀
Cool with ditching fossil fuels, but screw Nestle.
Excuse me my kind gentle person, I believe one says, Fuck Nestle.
Their involvement made me immediately question whether this was actually something I should support.
- conservatives and assholes everywhere
an absolute classic
Nestlé’s business depends on the availability of crops that are at risk because of climate change, including chocolate and coffee. As it’s patently clear what their self interest is in this, we can trust they are being honest this time.
I guarantee 100% of the 130 companies have determined they will be less profitable the worse climate change gets.
It’s actually insane when you think with it, as the vast majority of businesses will be worse off, yet a minority are concerned with the current trajectory.
H-huh…? No… It can’t be…
*runs to look out the window*
… No, the pigs are still firmly on the ground and the sky is still blue…
Hol’ up
*reads the article*
Oh. That checks out.
Nevermind, false alarm guys! I thought Nestle was actually thinking of someone else for once. Whew. I was scared we’d had a reality collapse or something.
As sad as it is, it actually makes me hopeful that it can help push the agenda onto sustainable energy sources, as long as they are economically viable (which many are at this point). Once it starts hitting the bottom-line for large corporations, and better alternatives exist, that’s when we see change (not when millions of scientists warn about the devastating effects). Maybe we can finally have a climate agreement where they stick to the agreement part. Sceptical but hopeful.
Article didn’t mention whether they gonna help or not so i’m very much inclined to believe they probably just gonna do the bare minimum possible, considered Nestle and Volvo is mentioned.
I know Nestle are cunts but are Volvo? All I know about them is their cars are overpriced and they gave up the seatbelt patent for everyone’s benefit.
They’re automaker, it automatically goes into my doubt box.
Nestle is pure evil.
That’s the Volvo of old. Now they’re just another automaker.
Fuck Nestle, but what’s wrong with Volvo?
They know it won’t happen and will excuse their continued use of resources with it.
came here to see the fuck nestle comments.
I’m conflicted. If Nestle wants this, it must be horribly bad for us, but on the other hand I want fossil fuels to go.
A broken clock is right twice a day.
Unless it’s broken where the hands are completely missing.
Or it’s digital, yeah :P
It doesn’t have anything to do with hoovering up all the water from national parks and sensitive aquifers for free and selling it in little plastic bottles for shocking amounts of money. Or taking farms from people in developing countries at gun point. Or convincing people that breast milk is dangerous and Nestle baby formula is the only safe alternative, even for people who don’t have access to clean water to mix it with. They’re just not going to use fossil fuels while they do that. Fuck Nestle.
Guess evil corporations like Nestle and Unilever can do something not evil now and then.