In the late 1990s, DuPont voluntarily adopted the goals of the Kyoto Protocol, which meant they would cut their greenhouse gas emissions to less than half of 1991 levels. This led to a net savings of $6 for every ton of carbon dioxide that DuPont shed. Natural Capitalism uses this example to say, “Look, it works.” Hawken and the Lovinses go on to point out, “America could shed $300 billion a year from its energy bills using existing technology. The Earth’s climate can thus be protected, not at a cost, but at a profit.” This is the strand of thinking that others, including Thomas Friedman, have picked up on. It sounds really good to a lot of powerful people, powerful corporations, and powerful politicians beholden to those corporations.
...what does DuPont do with the money they save? They put it right back into making more chemicals. They put it back into growing their business because that’s what you have to do in capitalism. That’s the logic of the market. You have to grow or you lose out to the competition.
Monday, May 3, 2010
The greening of capitalism?
by Heather Rogers from International Socialist Review. She presents an excellent critical examination of the efforts of capitalists to adapt capitalism to what appears to be more earth friendly methods of operations--what has become known as "green capitalism".
