US firms shun emissions cuts

Businesses say that restrictions on carbon output will harm their bottom line.

    Leaders from five nations have reached a non-binding agreement on limiting future carbon emissions.

    The accord, forged at the UN climate summit in Copenhagen, has been angrily criticised by developing nations who say that it is not enough to prevent  environmental catastrophe through global warming.

    Barack Obama, the US president, will also have a tough time selling the climate agreement back home.

    With the country's economy sluggish and unemployment in double digits, energy companies say it is not the time for new regulations.

    As Sebastian Walker reports from Texas, the firms say tougher rules would cut into their bottom line and keep them from creating new jobs.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    'We scoured for days without sleeping, just clothes on our backs'

    'We scoured for days without sleeping, just clothes on our backs'

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Unification: Saladin and the Fall of Jerusalem

    Unification: Saladin and the Fall of Jerusalem

    We explore how Salah Ed-Din unified the Muslim states and recaptured the holy city of Jerusalem from the crusaders.