A monopoly can be given to a private corporation if it actually fulfills two things: allow just and reasonable prices and serves the public interest. Also, only one reason to grant a corporate charter…

David Korten’s presentation to the Summit on the Future of Corporations, Faneuil Hall, Boston MA, November 13, 2007. Only One Reason to Grant a Corporate Charter (see end) ** Excerpts from Interview – John Farrell and Jean Su – May-June 2021 Jean Su:  A monopoly can be given to a private corporation if it actually fulfills two things. And this …

Mid 2021 Update on Public Banking In The US: More Affordable Lending for Workers, Small Business, Students, and Public Projects

By C.J. Polychroniou, Truthout June 9, 2021 The movement to create public banks is gaining ground in many parts of the U.S., particularly as part of an effort among activists and progressive lawmakers to extend banking access to low-income communities and communities of color in the post-COVID-19 economy. But how does public banking help protect the local community and assist with …

Renewables are getting cheaper, but taking these fossil fuels (common resources) out of the ground and selling them is still more lucrative. We’ll need radical intervention, as big oil companies are driven by profit and won’t decarbonize by themselves.

Comment: Big oil companies are driven by profit – they won’t turn green by themselves by Brett Christophers, The Guardian. May 26, 2021 Tue 25 May 2021 551 Last week, the International Energy Agency (IEA), the world’s leading energy authority, laid bare the scale of the challenge in keeping the world on track to achieve net-zero emissions by 2050: a massive acceleration …

Undoing Equivalence: Rethinking Carbon Accounting for Just Carbon Removal

Front. Clim., 16 April 2021 | https://doi.org/10.3389/fclim.2021.664130 by Wim Carton1*, Jens Friis Lund2 and Kate Dooley3 – 1Lund University Center for Sustainability Sciences (LUCSUS), Lund, Sweden; 2Department of Food and Resource Economics (IFRO), Copenhagen University, Copenhagen, Denmark; 3Climate and Energy College, University of Melbourne, Parkville, VIC, Australia https://www.frontiersin.org/articles/10.3389/fclim.2021.664130/full Concerns are increasingly raised over the centrality of carbon removal in climate policy, particularly in the …

The Big Con: How Big Polluters are advancing a “net zero” climate agenda to delay, deceive, and deny

Download As the impacts of the climate crisis become ever more apparent, people around the world, led by Indigenous Peoples, women, youth, and frontline communities, are demanding action. In response, Big Polluters and the governments that do their bidding have begun to tout commitments to achieve “net zero” emissions as solutions to the crisis they have caused. This report makes …

Total wealth owned by American billionaires grew over half in a year. What if the US had a maximum wage or ratio to the lowest paid workers at a firm? Inequality news May-June 2021

May-June 2021 Inequality.org, In 2019, the ratio of CEO-to-typical-worker compensation stood at 320-to-1, with CEO compensation ballooning 940% since 1978.  Now a study released last month by Americans for Tax Fairness and the Institute for Policy Studies found that the total wealth owned by American billionaires grew 55% over the preceding 13 months. Their total wealth increased by $1.3 trillion during the first 11 months of the pandemic, according …

The health impact of having a gas stove is equivalent to having a cigarette smoker in your home. IEA: world must stop mining fossil fuels

May 19, 2021: The world must immediately stop exploiting fossil fuels in order to reach net-zero targets globally by 2050, said the International Energy Agency. The health impact of having a gas cooktop in your home is roughly equivalent to having a cigarette smoker puffing away in the corner, and accounts for about twelve per cent of childhood asthma. “It’s …

Where It’s No Longer Credible To Deny Climate Change, The Fossil Fuel Giant Puts The Focus On ‘Risk’ And Blame On Consumers, In Echo Of Tobacco Industry PR, Researchers Find

Newly published research from Harvard science historian Naomi Oreskes and Harvard research associate Geoffrey Supran – the first computational study illustrating how the fossil fuel industry has encouraged and embodied AGW [anthropogenic global warming] narratives fixated on individual responsibility,” the paper says. The study used automated methods to analyze 180 ExxonMobil documents, 32 previously published internal company documents, and 76 New …