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hatrack

(64,054 posts)
Fri Nov 28, 2025, 07:10 AM Friday

Token Appearances At CRAP-30 By Fortune 100 Important, AccordingTo Executives, Carbon Credit Traders, Greenwashing Orgs

A Reuters analysis of attendance lists shows there were 60 representatives of Fortune 100 companies at the Brazil event, compared with 50 at last year's in Baku, Azerbaijan. Still others attended pre-conference events in Brazil's finance hub Sao Paulo and in Rio de Janeiro. Tech firms including Microsoft (MSFT.O), opens new tab and Google (GOOGL.O), opens new tab, energy company Occidental Petroleum (OXY.N), opens new tab, carmaker General Motors (GM.N), opens new tab and lender Citigroup (C.N), opens new tab were among those represented on a provisional U.N. list of attendees of the official summit.

"We've seen no discernible change in the engagement of U.S. companies on climate policy over the course of this year. And that was certainly reflected in attendance levels," said Andrew Wilson, deputy secretary general for policy at the International Chamber of Commerce. "We are also seeing growing concern across industry about the growing costs of extreme weather events — underscoring the need for effective policy responses."

EDIT

The two-week-long COP30 conference also included many smaller U.S. companies in sectors set to profit from the world's shift to low-carbon energy, including in carbon markets. "Being here is about connecting globally," said Brennan Spellacy, chief executive at carbon credits platform Patch, "Most of my meetings here are with English, French, and German sustainability leaders and CSOs."

Whether they were at the main event or not, the fact U.S. companies appeared was significant, said Maria Mendiluce, CEO at the We Mean Business Coalition. "The U.S. has a decisive role in global climate, energy and industrial policy, so sub-national leaders, non-state actors and businesses showing up at COP30 matters."
"Even when domestic politics are unsettled, the U.S. shapes markets, capital flows and technology pathways. Its engagement signals to investors that the world's largest economy understands the competitiveness, innovation, security and supply-chain stakes of the energy transition."



EDIT/END

https://www.reuters.com/sustainability/cop/us-companies-hold-line-climate-talks-despite-trump-2025-11-24/

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