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The planet is warming at a record pace. So why are many companies retreating from their climate targets? (www.cbc.ca)
submitted 2 months ago* (last edited 2 months ago) by hypercracker@hexbear.net to c/earth@hexbear.net
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So they never actually meant to hit those targets? astronaut-2

Amaize said another reason corporations may appear to be retreating on their climate targets is a phenomenon she calls "green-hushing." That is, as a result of anti-greenwashing legislation such as amendments to Canada's Competition Act under Bill C-59, some companies might be reluctant to tout their environmental measures for fear of being sued for false claims.

A prominent example is the Pathways Alliance, a consortium of Canada's six biggest oilsands companies, which removed almost all content from its website and social media feeds in June in response to C-59.

michael-laugh

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[-] Infamousblt@hexbear.net 33 points 2 months ago

Why? Because capitalism only cares about immediate profit and nothing else. That's always the answer

[-] LaGG_3@hexbear.net 24 points 2 months ago

no-mouth-must-scream too busy making AI slop no-i-in-pezza

[-] Beaver@hexbear.net 14 points 2 months ago

It's a race to develop the Torment Nexus before civilization collapses from climate change disasters.

[-] MonsterRancher@hexbear.net 6 points 2 months ago

The plot of SOMA but it's them trying to launch the NFT machine into space so the value lasts almost indefinitely.

[-] buh@hexbear.net 22 points 2 months ago

they can't pretend anymore, so they're dropping the pretense

[-] TankieTanuki@hexbear.net 12 points 2 months ago

They should be required to advertise their withdrawal as much as they did the rollout.

[-] Adkml@hexbear.net 12 points 2 months ago

Because it makes them more moeny and they realized the average person doesn't give a shit so there's no negative consequences.

Even your standard issue lib is at "do nothing because China exists, even though their per capita carbon footprint is 1/4 of Americans".

[-] buckykat@hexbear.net 8 points 2 months ago

Also, a lot of what's counted as China's carbon footprint is actually amerikkka's outsourced footprint

[-] Sauerkraut@discuss.tchncs.de 2 points 2 months ago

Europe's as well. America and Europe both moved most of their manufacturing to China

[-] DragonBallZinn@hexbear.net 5 points 2 months ago

Before: "China's doing nothing, so we should do nothing too!"

Soon: "We should do nothing and leave all this green crap to China!"

[-] Lets_Eat_Grandma@lemm.ee 11 points 2 months ago

Comes down to money, like every reason every company does anything at all.

Companies need a legally binding duty to serve their employees and the greater public interest before the fiduciary duty to shareholders if you want this to change, which will never happen. If this became law the stock market and all of the wealthiest people would lose vast wealth overnight, and we know they get their share first since they run the show.

[-] HamManBad@hexbear.net 19 points 2 months ago

Yes it would require the end of capitalism

[-] Collatz_problem@hexbear.net 18 points 2 months ago

Companies need a legally binding duty to serve their employees and the greater public interest before the fiduciary duty to shareholders

About as realistic as trying to legally prohibit tigers from eating people.

[-] Lets_Eat_Grandma@lemm.ee 1 points 2 months ago

I agree.

A good half measure would be giving employees a major share of all revenue a business generates and the option to buy shares to re-invest in the company for a bigger long term prospect of future earnings.

Today work is just like rent. You show up and they pay you to be there but ultimately the workers don't get a reasonable share of the fruits of their labors, only the ones who own the company benefit, and those they choose through the board of director decisions to receive disproportional compensation. It's a horrible system that only funnels wealth to the minority at the expense of the majority.

[-] JohnBrownsDream@hexbear.net 1 points 2 months ago

Today work is just like rent.

This comparison between bosses and land~~leaches~~lords is a useful one. If you haven't read any Marx, I think you would really appreciate his insights on the exploitative dynamics inherent to capitalism, including the ones you describe. I venture to suggest it would spoil your appetite for half measures.

[-] vegeta1@hexbear.net 4 points 2 months ago

Hoarding as much money before the collapse

this post was submitted on 02 Oct 2024
77 points (100.0% liked)

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