Pet food or power?

This week’s Economist has an excellent special report on business and climate change. The leader discussing the issue reminds me just how incisive the magazine can be:

There’s scope for new investment. In 2003, the most recent year for which figures are available, America’s power-generation business, arguably the world’s biggest single polluter, spent a rather smaller proportion of its revenues on R&D than did America’s pet-food business.

Required reading (thanks for the tip, Mike).

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