The Myth of Green Capitalism
It is perfectly understandable that major corporations and private financial institutions would rally behind new disclosure standards and other market-based measures to address climate change. It is an approach that allows the owners of capital yet another way to avoid a real reckoning.
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NEW YORK – Heat waves, floods, droughts, and wildfires are devastating communities around the world, and they will only grow more severe. While climate-change deniers remain powerful, the need for urgent action is now recognized well beyond activist circles. Governments, international organizations, and even business and finance are bowing to the inevitable – or so it seems.