Climate change spurs industry restructuring: suvey

[jpak]

http://www.reuters.com/article/environmentNews/idUSL2361952520070924

OSLO (Reuters) - Climate change is spurring a "worldwide economic and industrial restructuring" as more and more of the world's largest companies seek to confront global warming, an investor survey said on Monday.

Even so, some big firms were still doing far too little to identify risks and opportunities from climate change, according to the Carbon Disclosure Project (CDP), representing more than 315 institutional investors managing $41 trillion in assets.

A record 77 percent of the world's top 500 firms, rated by market capitalization in the FT500, answered a request for information about their responses to global warming, up from 72 percent in 2006, it said.

"One trend above all is becoming increasingly clear: climate change and the various regulatory, policy and business responses to it are driving what amounts to a worldwide economic and industrial restructuring," a 92-page survey said.

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[bananas]

1. "Anheuser-Busch was trying to develop crops resistant to extreme weather"

If we run out of beer, all hell will break loose!