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Is Big Business Buying Out the Environmental Movement?


In the business world these days, it appears that just about everything is for sale. Multi-billion-dollar deals are commonplace, and even venerable institutions such as the Wall Street Journal find themselves put into play. Yet companies are not the only things being acquired. This may turn out to be the year that big business bought a substantial part of the environmental movement. That’s one way of interpreting the remarkable level of cooperation that is emerging between some prominent environmental groups and some of the world’s largest corporations. What was once an arena of fierce antagonism has become a veritable love fest as companies profess to be going green and get lavishly honored for doing so. Earlier this year, for instance, the World Resources Institute gave one of its “Courage to Lead” awards to the chief executive of General Electric. Every day seems to bring another announcement from a large corporation that it is taking steps to protect the planet. IBM, informally known as Big Blue, launched its Project Big Green to help customers slash their data center energy usage. Newmont Mining Co., the world’s largest gold digger, endorsed a shareholder resolution calling for a review of its environmental impact.

News selected by Covalence | Country: Global | Company: General Electric, IBM, Newmont Mining, Home Depot, General Motors, ConocoPhillips, Bank of America, Wal-Mart, McDonald’s, TXU, DuPont, 3M, Union Carbide, Procter & Gamble, ExxonMobil, BP, Alcoa, Caterpillar, Boise Cascade, JP Morgan Chase, Dell, BAE Systems, Chevron | Source: AlterNet

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