Seventy percent of major companies plan to increase climate change spending

By Tiffany Hsu
The Los Angeles Times
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Seventy percent of major companies plan to boost spending on climate change efforts in the next two years, according to a new report from Ernst & Young.
Of the 300 corporate executives surveyed this spring, 89% said their green activities were driven by changing customer demands while 92% also pointed to energy costs as a driver. The fact that 43% of those surveyed said that equity analysts will soon consider climate change actions while valuing companies was also a factor.
Thirty percent said their company had a staffer in charge of climate change initiatives, a trend The Times explored in December.