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In a discussion that took place on CNBC on Wednesday, President of Oxfam America Raymond Offenheiser and the President of the Heartland Institute Joe Bast squared off regarding a new Oxfam study. The study suggests that large food producing companies like Kellogg’s, Pepsico and Nestle create a large amount of carbon dioxide which contributes to global warming.
Offenheiser, citing the study, challenged these companies to “fully disclose the carbon emissions in their agricultural supply chains.” He said that these companies have an enormous responsibility to take action.
Bast responded by saying that the study has an “overreliance on the IPCC” findings. He went on to say that the debate on global warming is not over and the evidence is not as clear as some suggest. Bast said that it “hurts the profitability of a company to do unnecessary reductions in its carbon dioxide emissions.”