Study reveals how much carbon damage would cost corporations if they paid for their emissions
phys.org
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.
    • Rozaŭtuno@lemmy.blahaj.zone
      1·
      1 year ago

      ‘Wildly profitable’ would not be enough to them.

      ‘Extremely profitable’ would not be enough to them.

      ‘Insanely profitable’ would not be enough to them.

      Infinite growth is one hell of a drug.

    • Nonameuser678@aussie.zone
      1·
      1 year ago

      Yeah it really drives home just how fucking cooked the situation is.

      Sorry kids the biosphere is fucked and human society is an echo of what it once was but there were some rich people who didn’t want to be slightly less rich than they already were.

  • someguy3@lemmy.caEnglish
    1·
    1 year ago

    Huh that’s very reasonable actually. Generous even. Now let’s see what they can pay workers.

  • uphillbothways@kbin.social
    1·
    1 year ago

    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.