Prominent academics, including a former IPCC chair, round on governments worldwide for using the concept of net zero emissions to ‘greenwash’ their lack of commitment to solving global warming.
The EU requires all companies listed on EU regulated exchanges to provide emission data on a regular bases. The UK does that as well. The US requires indutstrial facility based data.
Wall Street is in the money business and they really want to know, how much of a risk your company has, by governments introducing climate legislation. That is a real risk and some very real money involved in this. So Wall Street is extremly unhappy about this greenwashing, as it hides very real risk. Hence they do everything to stop it. However for managment this is really attractive, as “lower” risk means higher share prices, which means higher pay for them.
So it should not be illegal marketing, but a massive financial crime and there are people actually looking for folks like that.
The EU requires all companies listed on EU regulated exchanges to provide emission data on a regular bases. The UK does that as well. The US requires indutstrial facility based data.
Wall Street is in the money business and they really want to know, how much of a risk your company has, by governments introducing climate legislation. That is a real risk and some very real money involved in this. So Wall Street is extremly unhappy about this greenwashing, as it hides very real risk. Hence they do everything to stop it. However for managment this is really attractive, as “lower” risk means higher share prices, which means higher pay for them.
So it should not be illegal marketing, but a massive financial crime and there are people actually looking for folks like that.