Financial Times: Investors warned over cost of greenhouse gas
By Fiona Harvey
Published: June 13 2005
The UK’s biggest emitters of greenhouse gases are revealed this week, with a warning to shareholders that they should take the potential cost of climate change into account when investing.
Shell, the oil producer, is responsible for 23 per cent of emissions of the FTSE 100, while BP, its rival, and Scottish Power, the electricity and gas supplier, are joint second with 17 per cent of the total each.
Corus, the Anglo-Dutch steel producer, accounts for 6 per cent, and BHP Billiton, the mining group, 4 per cent.