Investors Worth $3.6 Trillion Support Joint U.S. and Canadian Announcement on Limiting Methane Emissions from the Oil and Gas Industry

More than 100 companies, including leading global giants, expressed their support Wednesday for the Paris Agreement on climate change and called for swift action on the Environmental Protection Agency’s Clean Power Plan, a proposal aimed at significantly cutting carbon pollution in the United States.

The 110 companies, including IKEA, Mars Incorporated, PG&E, Salesforce, General Mills, Kellogg Company, HP, and Starbucks, released a statement organized by a coalition of groups, including the nonprofit sustainability organization Ceres and World Wildlife Fund, during a teleconference today.  The statement comes two days before 150 world leaders gather at the United Nations in New York City to sign the Paris Agreement.

“The Paris Agreement represents a turning point for business.  It is the beginning of the long-term framework needed for business to transform their operations and invest in low carbon products and services for the future,” said Steve Howard, Chief Sustainability Officer at IKEA.  “Now it is time to translate this framework into clear policies and actions. At IKEA, we are committed to do our part.  We will continue to invest in renewable energy and to transform our business.  By 2020 we will produce as much renewable energy as the energy we consume in our own operations.”

In the statement, the signatories pledged to do their part to “realize [the Paris Climate Agreement’s] vision of a global economy that limits global temperature rise to well below two degrees Celsius.”  They also called on U.S. leaders for an investment in the low-carbon economy at home and abroad to give financial decision-makers clarity and to boost investors’ confidence worldwide.

A full list of signatories can be found here.

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