Reconsidering and Reconceiving Corporate Responsibility

The problem with the dominant conception today—shareholder pri­macy and wealth maximization—is that “directors are encouraged, through legal duty and self-protection, to demonstrate their allegiance to stockholder interests, which (as has been observed) is most effectively accomplished by attention to the bottom line. This behavior leads to an unremitting focus on the short term.”[120] By the turn of the twentieth cen­tury, corporations …

Post-Pandemic World and Just Transition Measures

Excerpt from Sharan Burrow, March 2020 The post-pandemic world will need Just Transition measures if people are to have hope and to trust governments can manage a future with: secure pensions income support and skills training in the face of jobs transition or displacement prevailing wage rates in new jobs investment and renewal in affected communities to secure vital jobs. …

Shell’s activities in Ogoniland region of Nigeria have led to polluted air and water as well as decimated natural habitats, violating the rights of the 832,000 people who live there

From Common Dreams, March 2020 350.org surveyed the region of Ogoniland in Nigeria, where Shell Oil has dumped an estimated nine to 13 million barrels of crude oil into the Niger Delta since 1958. “Companies are actively disregarding the right of entire populations to a healthy environment, sufficient and quality food, and a political and social scenario of stability.”—Aaron Packard, …

Advances in Performance Based Utility Rate Design + Xcel dockets

19M-0670E – Distribution System Planning (filing comments on Monday, 2/3) 19M-0661EG – Investigation of Performance-Based Ratemaking (awaiting the second phase) 19R-0608E – NOPR for Amendments to Community Solar Gardens Rules 19R-0654E – Amendments to Electric Rules Relating to Interconnection 19A-0471E – Investment in EV Fleet Infrastructure We’re also awaiting a decision on the following: 19A-0369E – Renewable Energy Standard Compliance …

In Colorado, outdoor recreation is a $28 billion industry that directly generates 229,000 jobs and has become an intrinsic value among Coloradans, with over 70% of residents participating in outdoor recreation each year. Fossil fuel extraction threatens this.

In Colorado, outdoor recreation is a $28 billion industry that directly generates 229,000 jobs and has become an intrinsic value among Coloradans, with over 70% of residents participating in outdoor recreation each year. However, this booming economic sector, which generates $887 billion in national consumer spending annually, is threatened by the Trump administration’s public lands agenda, which has exacerbated speculative oil and gas …

To actually address the crises we face, let’s focus on displacing the dominant form of enterprise in our current economy: the monoculture of the profit-maximizing, shareholder-controlled corporation

The just firm is the only kind that should ultimately be permitted to exist. The time is coming when society must end the corporation as we know it, in favor of a just firm – designed from the inside out for a new mandate: to serve broad well-being and the public good. Democratic and just forms of company ownership are …

Sacramento to grow local economy through Economic Gardening pilot

Jason Plautz@Jason_Plautz Feb. 5, 2020 The City of Sacramento announced seven local companies will participate in its Economic Gardening 2.0 pilot program, with the chance to receive up to $50,000 to foster business development.  The pilot pairs mid-sized businesses with funding, as well as with experts who will analyze data and create growth strategies. The program is supported by the Sacramento Urban …

Minimum business shifts: Science-based targets, climate-related financial disclosures and common info and stakeholder not shareholder orientation

GreenBiz, Jan 22, 2020, excerpt – Fix Capitalism Peter Bakker argued in his earlier “Garbage in, garbage out: systems transformation in a capitalist world” blog that the conversation needs to focus on how to truly accelerate the required transformations. The fix is relatively simple and I would call it the Triangle of Stakeholder Capitalism: Science-Based Targets (SBTs): The SBTs for climate and biodiversity …

Big oil is the new big tobacco. Congress must use its power to investigate

Americans had the right to know the harms of smoking. They have the right to know the harms of the energy industry, too. By Naomi Oreskes and Geoffrey Supran, in The Guardian, Mon 20 Jan 2020  Greta Thunberg summed up 2019 in five words: “Our house is on fire.” In Australia, this is now literally the case. Wildfires there have been raging for more …

Create Life-Centered Corporations: A corporation exists only when a government has issued a charter. There is no legitimate reason for any democratically accountable government to issue a corporate charter other than to serve a public purpose.

By David Korten, December 2019. Forum: Corporations in the Crosshairs: From Reform to Redesign, Tellus Institute. Allen White’s paper has started much needed and long overdue discussion on the growing power of corporations and the essential need to deal with their abuse of that power. We live in a world in extreme crisis. By the estimates of the Global Footprint Network, the human species …