The US Chamber of Commerice is advocating a 25-cent per gallon raise in the gas tax to fund infrastructure projects. That would be on top of the current 18.4 cents per gallon tax now for gasoline and the 24.4 cents per gallon tax for diesel fuel — something that would raise $375 billion over 10 years, it said.
Volkswagen went to court last week over the emissions scandal. The US government is suing the automaker for cheating air pollution tests and VW faces fines that could total as much as $46 billion. But Volkswagen may not be the only automaker on the hook for emissions failings. A report … Read more »
Linking executive pay to corporate environmental, social and governance performance isn’t a new idea but it’s been slow to gain traction. Some 75 percent of large US companies don’t explicitly link executive compensation and sustainability, according to Ceres’s most recent report, using 2014 data. A Glass Lewis report that reviewed … Read more »
BMW is the world’s most sustainable company, according to the Corporate Knight’s 12th annual Global 100 Most Sustainable Corporations list. The automaker is followed by software company Dassault Systems in second place, construction and engineering firm Outotec in third, Commonwealth Bank of Australia in fourth and Adidas in fifth. Gas … Read more »
Volkswagen has been suspended from the London Stock Exchange’s FTSE4Good Index Series after cheating emissions regulations by installing defeat devices in millions of its cars. The FTSE4Good Index Series is designed to measure the performance of companies with strong environmental, social and governance (ESG) practices. The FTSE Russell’s independent ESG … Read more »
As the COP21 climate change conference in Paris enters its second and final week, businesses and government leaders are increasing their calls for a climate deal and initiating new programs to limit global warming. Here are some of the recent announcements: The Compact of States and Regions, a reporting mechanism … Read more »