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?
-

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Sandwich Island Saga 39. Extreme weather events

It's not, of course,  just flash floods that will increase with global heating. Heat waves, droughts and wild fires will all become more...

  • Stepping On the Gas?
      It should hardly be called a study. A  Which comparison looked at levels of nitrogen dioxide and small particulates (PM 2.5s) in 5  Londo...
  • Gridlock in European Cities
      Europe has a city congestion problem. In 2023, London was the most gridlocked location, closely followed by Paris and Dublin. In that year...
  • Charging Electric Vehicles (For Road Use)
    It's necessary, where possible, to replace diesel and petrol-fueled vehicles by electrical equivalents. Electric vehicles (EVs) don...