Corporate America Wants Climate Change Mitigation?
From Scientific American:
A big slice of corporate America—including utilities, banks and auto manufacturers—signed onto a statement yesterday calling on President-elect Joe Biden to work with Congress on “ambitious, durable, bipartisan climate solutions.”
I’d like to believe this is true. Yet even if it is, a lot of these people speak with “fork-ed tongue.” Big banks want climate change solutions? Where do you think the financing for the fossil fuel infrastructure is coming from? Santa Claus?
I suppose all this turns on what the author here means by “big.” Yes, there are industries that don’t have dogs in the fight, but please don’t tell me that Ford wants to see a dramatic reduction in VMT (vehicle miles travelled), e.g., by replacing passenger cars with mass transit, or that no one will be building oil pipelines because capital formation is no longer possible, or that retailers are hoping for a less consumer-driven society.