Among the findings of June 2011 Duke University/CFO Magazine Global Business Outlook survey of chief financial officers (CFOs): 80 percent of CFOs in the U.S. say the high price of oil is negatively affecting their firms, with 61 percent describing the effects as “significant.”
“We’re seeing more companies embrace ‘green’ initiatives and position themselves to become less reliant on oil in the future,” says business professor John Graham.