Coldplay refuses to go on tour because it's not 'carbon neutral'

Is the band Coldplay’s goal to make its concerts environmentally conscious a realistic goal? Capitalist Pig hedge fund’s Jonathan Hoenig, Kadina Group president Gary B. Smith, FOX Business’ Kristina Partsinevelos, Fox News contributor Liz Peek and FOX Business’ David Asman discuss.

LONDON (AP) — The British band Coldplay has decided not to launch a global tour because of environmental concerns.

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Frontman Chris Martin told the BBC Thursday that the band is not going on tour to promote its latest album because it wants to take time to determine how a tour can be beneficial to the environment.

He said: “We would be disappointed if it’s not carbon neutral.”

He says the band has had a number of major tours and wants to find a way to make the next tour more about giving than taking.

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The album “Everyday Life” will be released Friday.