A 'Green Economy' is defined as an economy that reduces impact on the environment. Many advocates promote pricing mechanisms for valuing nature as a key way to factor in environmental costs into the economy that are otherwise externalised and ignored. While this may sound a good idea in theory, in practice this ends up extending corporate control into new areas from forestry to biodiversity and even the air (carbon trading), often denying access and undermining the control of marginalised communities.
For over a century, energy multinationals have been wrecking the planet and exploiting people in pursuit of profit. Now, power producers and technology manufacturers are marketing themselves as ‘green’ to boost their reputation and benefit from public subsidies, grabbing lands, violating human rights and destroying communities along the way. Our investigation of fifteen ‘green’ multinationals conclusively shows that financial returns, not decarbonisation, is their primary business. ‘Green’ capital has taken over the energy transition, dictating its pace and blocking climate policies that hamper its profits. It is time to take on these greenwashing corporations and reclaim the entire energy sector through public ownership and democratic governance.Below you can find the full report, the common findings, and the individual profiles of the fifteen multinationals for download.Order print copy
Change Finance, not the Climate - In conversation with Oscar Reyes
Podcast
If we’re going to stop the climate catastrophe that is unfolding, we will need a radical overhaul of how many things work. Our financial system has played a big role in leading us to the brink of collapse, and must be completely overhauled if we are to stand a chance. What does a fair and responsible financial system look like? How can we shift power to democratically accountable public enterprises that will move us more rapidly towards a fossil free world?
Si deseas apoyar nuestro trabajo, considera realizar una donación. Nos comprometemos a que nuestra valiosa investigación esté accesible sin costo, pero para eso necesitamos de tu ayuda. Si todas las personas que leen nuestro contenido realizan una donación de tan solo €12 podremos apoyar nuestro trabajo durante tres años.