America’s wealthiest people are also some of the world’s biggest polluters – not only because of their massive homes and private jets, but because of the fossil fuels generated by the companies they invest their money in.
America’s wealthiest people are also some of the world’s biggest polluters – not only because of their massive homes and private jets, but because of the fossil fuels generated by the companies they invest their money in.
It’s a stretch to say that because they invest in a company, that they “produce” the greenhouse gases that that company emits.
Yeah, they could invest elsewhere but it’s just disingenuous to say they’re responsible for all those carbon emissions.
I can see how it’s strange on the surface, but ultimately the carbon emissions wouldn’t be there if the polluting activity was not funded. So to whom would the carbon emissions be attributed otherwise? Just the CEO?
You could blame the CEO, the employees, the customers, the investors, the city, state, or country, the regulators, the elected officials, etc.
Then there’s the choice of what attribute of those people to use for the accounting. Is it their wealth, their race, their religion, their height? Maybe it’s because they live in cities, or don’t.
It’s an almost arbitrary choice that reflects the value system of the person creating the report — an effort to score points, not solve the problem. I worry that climate action is often hindered by people trying to loop their other pet issues in. Let’s focus on reducing carbon in the atmosphere, please.
If they invest and demand the biggest profit by countering greenification policies so they get more money as shareholder, then they definitely are responsible for the companies pollution.