from Joel Bakan’s The New Corporation

“There are no limits in the [Paris] accord on continued exploration and drilling or on tar sands exploration (which experts say could alone defeat Paris targets), pipeline construction, or hydraulic fracturing (“fracking”).  The accord contains no legally binding emission targets, no timeline for emission reductions, no enforcement mechanisms, no concrete regulatory proposals, and no plans to end fossil fuel subsidies.” p44

The Economist notes ‘a single jarring truth: Demand for oil is rising and te energy industry, in America and globally, is planning multi-trillion-dollar investments to satisfy it.’  Oil and gas companies are boosting producing and creating new fossil fuel megaprojects.  By 2025, for example, ExxonMobil expects to have pumped 25 percent more oil and gas than in 2017.”  p45

“Nestlé created a direct-sales force of pushcart vendors in poor and remote regions of Brazil.  The company says the program helps remedy hunger and malnutrition by making food available to underserved populations.  But the bulk of sales from its pushcarts are of high-calorie, low-nutrient products like Kit Kat …” p50

“Corporations are breaking the law ‘on a grander scale than anything we’ve seen,’ says Robert Weissman.” p57

“… 80% of farm subsidies are directed to large-scale farms producing commodity crops for the processed-food industry …” p75

“… 28 liters of water [are needed] to grow beets for the sugar used in half a liter of Coke …” p86

“One undeniable result of big business’s assault on the social state is spiraling inequality, now magnified by the devastating economic impact of the coronavirus pandemic.  As corporations lined up for bailouts—having spent the cash they earned form record profits and tax cuts on stock buybacks to enrich their shareholders—tens of millions of ordinary citizens fell hard through the cracks, losing jobs, using up meager savings, lacking sick leave and in many cases medical insurance, and getting—if they were lucky—a one-time $1,200 check.” p134

“[F]rom 1980 to 2016, the share of national income going to the top 1 percent jumped from 34 percent to 47 percent …  Between 1980 and 2016, the ratio of CEO pay to that of the average work in the United States grew ninefold, from 42 to 1 to 361 to 1 (thirty-three major U.S. companies have ratios above 1,000 to 1).” p135

“[C]orporate capitalism … is killing us.  It’s killing whole species.  Killing the air, water, and earth.  Killing compassion and justice.  Killing our human values and democracy.” p182

“They pushed for impunity to fuel climate change, pollute the air, clog oceans with plastics, and destroy forests and species …” p182  [my emphasis]


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