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this post was submitted on 09 Oct 2024
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Showerthoughts
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All companies should donate to a climate fund. Whoever donates the least, gets to be famous.
All people should donate and those who donate the least get famous.
Oh wow! Look what happened! It's all the poor people who contributed to the problem the least, who also can't afford to donate, that look bad.
Sorry, but this is patently a terrible idea. at least from the perspective of calling out the poorest.
Just measure it as a percentage of their market cap/gross profit (yes gross, not net) rather than an absolute dollar amount, problem solved.
What if the poorest companies would not be excluded. Also, the environmental impact of the company should be considered too, so that the numbers would be fair. A company working on CCS technology doesn’t need to donate as much as another one that builds coal power.