1% of global carbon emissions are produced by five FTSE-100 Companies.
A small group of top British companies - BP, Shell, Corus, BHP Billiton and Scottish Power - account for a shameful 1% of total world carbon emissions. In 2003/4 they were responsible for more than 60% of all the emissions of the FTSE-100 and nearly half the Uk's rising total. FTSE performance depends on carbon reliant industries, an issue that firms must soon face. heavy industry not only produces emissions, but is intrinsically tied to other carbon-generators - such as electricity.
The EU's Emissions Trading Scheme sets caps on emissions and allows firms to trade capacity, thus putting a price on carbon. The effect on the FTSE-100 could be great. Emissions will then become a key economic nad political issue.
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