The world's corporations produce so much climate change pollution, it could eat up about 44% of their profits if they had to pay damages for it, according to a study by economists of nearly 15,000 public companies.
So, 44% of their profits are in fact 100% of our futures? That money didn’t come from nowhere. All of us will pay that debt. Reporting needs to start reflecting that, and legislation needs to be enacted to get restitution. Until then, it’s all toothless.
(Commented this elsewhere on this article being posted, but I think it’s important enough to say again.)
So, 44% of their profits are in fact 100% of our futures? That money didn’t come from nowhere. All of us will pay that debt. Reporting needs to start reflecting that, and legislation needs to be enacted to get restitution. Until then, it’s all toothless.
(Commented this elsewhere on this article being posted, but I think it’s important enough to say again.)