Thursday, February 02, 2006

Al Gore Says Companies Must Go Green

The BBC reports:
Corporate America must face up to green and ethical challenges if they are to avoid disaster, former US Vice President Al Gore has told the BBC.

Firms are so focused on delivering quarterly financial figures, he said, they lose sight of long-term trends.

"The quarterly reports might look good for a little while and then they fall off a cliff," he told BBC Radio 4 In Business presenter Peter Day.

The US car industry's problems is an example of consumer power, he said.

"Ford and General Motors are now in a state of crisis in the United States because they have missed the long term shift in consumer preferences and societal preferences toward more efficient automobiles with much less pollution," Mr Gore said.
That's a rather innovative explanation for why Ford and GM have done poor as of late.Do you know of any stock analyst a major brokerage house who's saying if they would have only gone green everything would be alright?? This sounds like a pagan religion to Al Gore.