130 Global Companies Unite to Urge World Leaders for Fossil Fuel Phase-Out

More than 130 companies, including Volvo Cars, Ikea, Unilever, Nestlé, and AstraZeneca, have signed a letter urging governments to adopt a global plan to phase out fossil fuels without carbon capture during upcoming international climate negotiations. Coordinated by the We Mean Business Coalition, the signatories represent close to $1 trillion in global annual revenue and are calling for policies that accelerate the deployment of renewable energy. The letter also asks for wealthy countries to provide financial support to less affluent nations for transitioning to clean energy and to establish fees for carbon pollution. Notably absent from the list of signatories are tech giants Apple, Google, and Amazon.