Word: duponts
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...members of the Global Climate Coalition, a U.S. business lobby that claimed the global-warming threat (and the Kyoto accord) was nonsense. On the heels of BPAmoco, Ford abandoned the coalition in 1999, and so have the likes of General Motors and DaimlerChrysler. Once renowned polluters like chemical giants Dupont and Dow are spending heavily on "green" solutions to business...
Last October, BP, Alcan, DuPont and others joined with Environmental Defense to launch the Partnership for Climate Action, pledging to reduce their greenhouse emissions to levels meeting or exceeding Kyoto's requirements. Ford, Daimler-Benz and Texaco have not yet joined, but last year they did quit the misleadingly named Global Climate Coalition, an industry group opposed to emissions controls. Honda and Toyota have introduced hybrid cars with emissions 40% lower than standard models of the same size...
...theirs alone. A growing number of corporations, from IBM to your neighborhood Kinko's, are reducing their greenhouse footprints. DuPont is pledging to knock its emissions 65% below 1990 levels by 2010. "There's been a shift in the center of gravity in the U.S. corporate community since Kyoto," says Alden Meyer of the Union of Concerned Scientists. "Now the view is that climate change is serious and we ought to do something about...
...last year--for the first time in its history--hired a businessman, not an educator, to run the company. And looking to seize a large chunk of the pre-college testing market, it launched a for-profit subsidiary, ETS K-12 Works. ETS president Kurt Landgraf, former CEO of DuPont Pharmaceuticals, hopes to double ETS's overall revenues within five years, to more than $1 billion a year. "The future for testing is in K-12," says Landgraf. "It's the biggest initiative we have." His golden ticket may be ETS's new "e-rater," a nifty tool that...
...Dupont thinks the steel industry is already more consolidated than the numbers indicate. "In financial circles they tend to toss up tonnage and look at what's left over and call that overcapacity," he says. "The amount of raw steel isn't really relevant to this discussion." The bulk of profits in the steel industry-when those profits materialize-isn't in the molten goo that comes out of furnaces. It's in the finishing process-when the goo is turned into billets (two tons that can be formed into beams or cables) or slabs (up to 50 tons that...