Why top companies are starting to back away from green targets

In the past year, many of the world’s biggest companies have dropped or missed goals to cut emissions or to loosen ties with polluting sectors.

Kenza Bryan and Attracta Mooney

Jun 24, 2024 – 1.05pm

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At a recent address to investors, the former BP chief executive Lord John Browne urged them to consider Aesop’s fable of the rider who stops feeding his horse in peacetime, only to find it lame when war comes.

The soldier in the analogy represented the companies that are pulling back on climate action, creating more long-term risk for all concerned as the ever-greater effects of the climate crisis loom.

Financial Times