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Using capitalism to reduce emissions (lemmy.world)
submitted 2 years ago by neanderthal@lemmy.world to c/climate@slrpnk.net
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A lot of big polluters are publicly traded companies. Owning shares of US public companies means you can go to shareholder meetings, vote, and other rights.

What do all think of a non profit that runs and is funded with an endowment composed of big polluters like oil companies and using the dividends to fund climate initiatives? In the mean time, using the seat at the table to influence other shareholders to reduce emissions, which is in their long term interest anyways.

If the endowment dries up, mission accomplished. If it grows, more money to act with.

What do all think?

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[-] LibertyLizard@slrpnk.net 2 points 2 years ago* (last edited 2 years ago)

All approaches should be on the table. I think there actually already is an org that does this. I’ll see if I can find it.

Edit: engine no. 1 is what I was thinking of. They are not a nonprofit as far as I can tell though so take that as you will.

this post was submitted on 27 Aug 2023
13 points (81.0% liked)

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