SINCE THE EU launched its emissions trading system in 2005, industries have followed divergent greenhouse-gas trajectories. The power sector has cut them by half. Among cement- and steelmakers, which got free allowances for four-fifths of their exhausts to stop the shift of production abroad, they have barely budged. The European Commission wants to end this…
Posts published by “Raleigh Culton”
“SORRY” IS NOT a word you hear often in business. Japanese miscreants may bow in shame. But in the West even architects of some of the world’s most spectacular strategic blunders struggle to express remorse. It took Gerald Levin, boss of Time Warner, a decade to apologise for what he finally admitted was “the worst…