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How Big Business Can Save the Climate

Multinational Corporations Can Succeed Where Governments Have Failed

Authors: Jerry Patchell, and Roger Hayter
September/October 2013
Foreign Affairs

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In September 1987, representatives of 24 countries met in Montreal and accomplished a rare feat in international politics: a successful environmental accord. The Montreal Protocol on Substances that Deplete the Ozone Layer, which UN Secretary-General Kofi Annan later called "perhaps the single most successful international agreement to date," set the ambitious goal of phasing out chlorofluorocarbons (CFCs) and other dangerous chemicals.

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