Saturday, 26 April 2008

It’s the Climate stupid: Arriving to Beijing with Forbes 2008 Guide to the biggest companies in the world: 2

Looking at the lists in Forbes from a climate perspective is not the happiest reading. It is obvious that some serious strategic action is needed of we are to change direction.

Let’s look at the revenues and profit for the top sectors:

Winners Sales in billion dollars
Oil & Gas 3,761
Banking 3,439
Insurance 2,085
Consumer Durables 2,019
Retailing 1,549

Winners Profit in billion dollars
Banking 398
Oil & gas 386
Insurance 150
Minerals 143
Div. financials 135

These first are the sectors we put most of our money, the second those who without much problem could help us towards a sustainable future. The question is how they are reinvesting their revenues and what they are doing with the profit…