Citigroup And GM Take Strides

In Wall Street's biggest commitment to climate change action yet, Citigroup said yesterday it would spend $50 billion on environmental initiatives, including $1 billion to combat climate change. Also yesterday, General Motors became the first automaker to join the growing coalition of businesses and environmental groups that back mandatory limits on carbon dioxide emissions. In a competitive marketplace, it seems that businesses are now competing not only for the best bottom line, but the smallest footprint.