Nike Inc News

Nike and Ocean Conservancy are encouraging businesses to avoid shipping routes via the Arctic Ocean, with the launch of an ‘Arctic Shipping Corporate Pledge.'As climate change causes Arctic sea ice to diminish, cargo traffic through previously unnavigable ocean routes becomes increasingly feasible. Though these routes can offer decreased transit times, the possibility of increased vessel traffic across the Arctic poses great risk and potentially devastating environmental impacts for one of the world’s most fragile regions.“At Nike, we exist to serve athletes. That means taking climate action through Move to Zero, Nike’s journey towards a zero carbon, zero waste future,” says Hilary Krane, EVP, Chief Administrative Officer and General Counsel, Nike, Inc.

Bloomberg reported that President George W. Bush will sign a port-security law that doesn't address what security experts and U.S. lawmakers fear the most: terrorists placing a nuclear or ``dirty'' bomb in a shipping container and detonating it upon arrival in the U.S. The law, passed by Congress on Sept. 29 with bipartisan support, requires incoming cargo at the 22 largest U.S. ports to be scanned upon arrival by the end of next year. Industry officials say the only protection against an in-port attack before scanning is to check containers while they're still overseas -- a massive undertaking, given that 12 million containers are shipped to the U.S. every year from 704 ports in 147 countries.