This blog may help people explore some of the 'hidden' issues involved in certain media treatments of environmental and scientific issues. Using personal digital images, it's also intended to emphasise seasonal (and other) changes in natural history of the Swansea (South Wales) area. The material should help participants in field-based modules and people generally interested in the natural world. The views are wholly those of the author.
Thursday, 7 September 2023
Now That's What I Call a Growth Industry!
The Private Equity Stakeholder Project and Resilience Force have produced a report on the cleaning up of US climate disasters. They've found that it's boom time for private equity firms. These firms routinely provide inadequate protective gear to the 'resilience workers' (generally immigrants) 'employed' to do this, often dangerous, work. The private equity firms then invest most of their profits into fossil fuels (https://www.theguardian.com/environment/2023/sep/07/private-equity-climate-crisis-disaster-cleanup). In essence, disasters mean profits: more profits mean bigger and better future environmental disasters. How's that for a business model?
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