Johnson Controls Backs Call on G7 to Consider New Carbon Prices

CORK, Ireland, June 27, 2022 /PRNewswire/ -- Johnson Controls (NYSE: JCI) Chairman and CEO George Oliver has co-signed a letter with a list of leading international company and organization executives urging the G7 to accelerate action limiting greenhouse gas emissions. One of the primary ways suggested is a ramp in carbon pricing. The letter makes the case for a price starting at around $30 per tonne and potentially moving beyond $120 per tonne if the world is forced to consider options such as drawing emissions directly out of the atmosphere. The call to action comes ahead of the G7 country leaders meeting in Germany this week.