But, thanks to a Chinese white knight, all is well. Superior battery chemistry, which was to be a U.S. competitive advantage, is now theirs. But why are we surprised? The Chinese have all the money in the world, and if they ever called the loans they have out to the U.S., the global economy would stop, and our nation would be in foreclosure. The Chinese are intelligent, industrious, products of a superior, disciplined education system
Perhaps more important, the vast majority of the world’s largest corporations, for a variety of reasons, care about carbon. In 2010, 409 of the S&P Global 500—and more than 3,000 companies overall—responded to the annual CO2 emissions tracking survey of the Carbon Disclosure Project (CDP), a British nonprofit advised by PricewaterhouseCoopers. More than 550 institutional investors worldwide, managing more than $70 trillion in assets, use the CDP’s data to help shape their investment decisions. And the fastest-growing area of CDP tracking is the GHG impact of corporate supply chains. Led by the pioneering work of Walmart and others in mandating sustainability initiatives among suppliers, the number of Global 500 companies reporting on their supply chains’ carbon footprints doubled in just two years, to nearly 50 percent in 2010.