World Bank Group

General Motors, Disney, Shell and 1,200 other companies are taking steps to fight climate change, report says

General Motors, Disney, Shell and 1,200 other companies are taking steps to fight climate change, report says

More than 1,200 global businesses, including U.S. companies such as Disney, Shell and General Motors, are moving to embrace a carbon price - even if President Donald Trump isn't, according to a new report by a Washington climate think tank.

While the president has suggested that tackling climate change will undermine the economy and hamstring businesses, chief executives have been busy voluntarily putting a price on their own carbon dioxide emissions.

Pricing carbon, or assigning a dollar value per ton of carbon dioxide emissions, creates a financial incentive for companies to reduce emissions.

The report published on Tuesday by the Center for Climate and Energy...

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