A group of over 130 companies, representing approximately $1 trillion in global revenue, announced the release of an open letter to governments attending the upcoming UN COP28 climate conference. The letter is urging them to set timelines for phasing out fossil fuel production and use, and to massively increase the global deployment of renewable energy capacity this decade. The letter, coordinated by climate-focused nonprofit, We Mean Business, was signed by companies including IKEA, Nestlé, Ørsted, Unilever and Volvo Cars, and said that the companies are already “feeling the impacts and...