Chairman and CEO of Johnson Controls signs letter urging the G7 to limit the creation of greenhouse gases
Johnson Controls' Chairman and CEO George Oliver has co-signed a letter with a list of leading international company and organization executives urging the G7 to accelerate action limiting greenhouse gas emissions. One of the primary ways suggested is a ramp in carbon pricing. The letter makes the case for a price starting at around $30 per tonne and potentially moving beyond $120 per tonne if the world is forced to consider options such as drawing emissions directly out of the atmosphere. The call to action comes ahead of the G7 country leaders meeting in Germany this week.
The signatories have come together under the banner of the Sustainable Markets Initiative (SMI) – a collection of more than 400 CEOs and chaired by His Royal Highness the Prince of Wales. The shared goal is to accelerate the world's transition to a sustainable future. Companies co-signing with Johnson Controls, the global leader for smart, healthy and sustainable buildings, include the Bank of America, Mahindra Group, Shell and BP alongside organizations such as Wateraid UK and the Sustainable Food Trust.