Poll: Company Profits Unaffected by Climate Change Laws
Almost 50 percent of global investors in a survey said government efforts to combat climate change will have little effect on corporate profits, while most say global warming is a danger to the planet. Actions to limit pollution will have â€œnot much impactâ€ on profitability, according to 49 percent of respondents in the Bloomberg Global Poll, while a third said profit may fall. Eight percent of the investors, analysts and traders surveyed among Bloombergâ€™s global customers said such efforts would have a positive impact on corporate profitability in their nation.
Overall, 38 percent of investors said climate change was a major threat to the environment, down from 48 percent in July 2009. Forty percent called it a minor threat in the most recent poll and 19 percent said warming presents no real threat.