Capitalism

15/11/21
Author: 
Jag Bhalla

Nov. 13, 2021

Yves here. In addition to the important reasons given below for shutting economists out of the debate on climate change, an additional one is even Nicholas Stern fell for trying to look at climate change in net present value terms. As anyone how has built financial models will tell you, pretty much anything that happens more than 30 years out is ascribed no value because just about any positive interest rate will result in very long term impacts being discounted to zero.

14/11/21
Author: 
Robert Hunziker
Reflection of mountian in a lake. Photograph Source: Ryan Gsell – CC BY 2.0

Nov. 8, 2021

Wall Street investors have hit the jackpot. Soon they’ll be able to buy, own, and dictate The Commons, public lands, the world of Mother Nature. In fact, a pilot project is already in the works with ecosystems up for sale as Wall-Streeters anxiously prepare to gobble up the valued benefits of Mother Nature.

According to the NYSE PR Dept. they’ll IPO nature: “To preserve and restore the natural assets that ultimately underpin the ability for there to be life on Earth.” What? Really?

10/11/21
Author: 
Adrienne Tanner
Rev. David Haslam, a Methodist anti-poverty and tax justice crusader at a side event to the UN climate change conference in Glasgow, Scotland, on Nov. 8. Photo by Adrienne Tanner / Canada's National Observer

November 9th 2021

Rev. David Haslam, a well-known British human rights and tax justice firebrand, has this little joke he tells. “I am really worried about the souls of the wealthy.”

“If we are going to save their souls, we’re going to have to take some money off them.”

09/11/21
Author: 
Facebook Is Making Millions Off Lies About the Climate Crisis

Nov. 5, 2021

A barrage of new data shows just how bad Facebook's climate misinformation problem is, and how the company profits from it.

 

As world leaders at COP26 in Glasgow try to negotiate the drastic and urgent action needed to avoid total climate catastrophe, a trio of new reports shows that work is being directly undermined by Facebook’s inability to prevent toxic misinformation about climate change from pervading its platform.

09/11/21
Author: 
Jonathan Cook
A US-made Israeli F-35 fighter jet performs during an air show over the beach in the Mediterranean coastal city of Tel Aviv, 9 May 2019 (AFP)

Nov. 8, 2021

Leaders at the COP26 summit have no intention of tackling the growing environmental impacts caused by their 'defence' spending

orld leaders gathered in Glasgow last week for the COP26 summit in a bid to demonstrate how they are belatedly getting to grips with the climate crisis. Agreements to protect forests, cut carbon and methane emissions and promote green tech are all being hammered out in front of a watching world.

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