Thursday 29 March 2007

British Land cuts carbon

Australian Financial Review
Thursday 29/3/2007 Page: 52

Europe's second-largest real estate investment trust, British Land, plans to invest 'millions of pounds' on energy-saving measures such as wind turbines and efficient windows. British Land will buy carbon offsets traded in energy markets to ensure it is carbon neutral within two years, the London-based company said. It is joining companies such as Marks & Spencer, the UK's largest clothing retailer, and UBS AG, Switzerland's biggest bank, in pledging to cut carbon usage.

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