The Rising Influence of Rising Affluence

[Timothy Smith]

Royal Dutch Shell (RDS.A, RDS.B), BHP Billiton (NYSE:BHP) and GE are teaming up with the McKinsey consultancy and other large companies to advise governments on how to combat global warming without weakening their economies, Financial Times reports.

The companies also are backing a $6M “energy transitions commission” to create a blueprint for a greener global economy in the next 15 years.

But the commission, due to be formally unveiled at a conference in Texas on Monday, already is under fire from some environmental groups who ask if a body supported by fossil fuel companies can offer objective guidance on global warming.

Shell, BHP, GE to advise governments on climate change
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