Read the headlines and the easy conclusion is that big business has abandoned the fight against climate change. In the past two weeks BP, an oil giant, has sold its American onshore-wind business; Jaguar Land Rover, a carmaker, has reportedly delayed the launch of its new electric Range Rover; and HSBC, a bank, has left the Net-Zero Banking Alliance (nzba), a group committed to lending in a greener way. But these bits of gloomy news are only part of a sunnier outlook. Taken as a whole, companies are quietly making progress on their climate goals.