Word: neutrality
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Dates: during 2000-2009
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...growing. Conservation International, for instance, helped Mitsubishi and Pearl Jam funnel their offsetting funds into rain-forest protection in Madagascar. And Coldplay did more than enough to offset its last album, X&Y, by protecting forests in Mexico and Ecuador. Internet ventures with names like TerraPass, myclimate and Drive Neutral enable commuters and air travelers to calculate their emissions and neutralize the damage. Some even aim to turn a profit...
...willing to let it stand. In late 2004, HSBC committed itself to becoming carbon neutral-the first major bank to do so-by January 2006. The principle is simple: the bank spends its cash on green energy projects that reduce CO2 emissions by the same amount the bank creates. "We realized we had to go above that 'business as usual' scenario," says Francis Sullivan, HSBC's adviser on the environment, speaking from the corporation's towering London HQ. The bank was already spending $7 million annually to boost the energy efficiency of its buildings but, says Sullivan, "we cannot generate...
...wind farm that powers up to 45,000 homes in New Zealand and a project in Germany that reduces emissions of methane gas by converting pig and cattle manure into heat and electricity. An independent auditor will report this month on whether the bank can officially call itself carbon neutral...
...buyouts certainly add a new sense of urgency to a turnaround effort that until now some critics, such as GM's newest board member, Jerry York, investor Kirk Kerkorian's man in Detroit, had considered stuck in neutral. But things are not looking up at GM these days. The automaker recently disclosed it had lost $10.6 billion in 2005, not $8.6 billion as the company reported in January. March sales estimates prepared by outside analysts suggest that GM's market share has dipped close to 21% in March, a far cry from the 45% GM commanded in its heyday...
...subdued response of the Bush Administration, and the neutral stance taken by President Hamid Karzai, who has stressed that the matter must be left to the courts, underscores the political sensitivity of the case. Even after the Taliban's ouster, much of Afghanistan's political life is dominated by conservative Islamists. And successive Afghan governments have come out strongly against proselytizing by Christian missionary groups - they're willing to accept aid, but are hostile to any attempt to secure converts. That may fly in the face of the principle of religious freedom, just as the furor over the Danish cartoons...