Forex Days

The chief executive of Australian supermarket giant Woolworths wants his nation's business community to stop "navel gazing" about global warming and start fighting to curb greenhouse gas emissions. Michael Luscombe spoke at a business panel talk.

The panel of large Australian company executives agreed that cutting their output of greenhouse gases would save money and reduce waste. They also said that "the business opportunities" of the green movement "far outweigh the negative side."

"My advice to companies is just get out there and do it," Luscombe said. "You might not get it all right, but you will learn a hell of a lot along the way." Woolworths has been "going green" for about a year and a half, aiming for stringent goals.