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Friday, March 25, 2011

from my friend Alana @rainforesteco: Race to the bottom

Here is an interesting piece of information that I just received from my friend Alana Lea at RainforestEco

You can also find more here:

The Race to the Bottom : Green Corporates.

At the front line of the race to the bottom we must recognize The Nature Conservancy for accepting the challenge of “protecting nature” in an announced new partnership with Dow Chemical who have generously gifted Nature Conservancy with a cool $10 million. Unfortunately, this ‘bankrolled consent’ most likely means Dow will be too financially strapped to clean up Bhopal – whose citizens continue to suffer to this day. Never mind last week it was announced that Dow’s profit has tripled. The corporation reported a profit of $511 million for the quarter ending in December 2010. Nature Conservancy’s president and CEO is none other than former Goldman Sachs Group executive, Mark Tercek. Perhaps not coincidentally, former Nature Conservancy president Henry Paulson also made his rounds through the revolving doors of the Goldman Sachs Group. Yet another Nature Conservancy board member, Muneer Satter, also originated from Goldman Sachs. You may recall the name Goldman Sachs – most known for their role in the brilliantly executed 2008 financial crisis which threw millions into poverty as the rich became even richer. As well, Nature Conservancy just hired a new marketing director in 2010 — former executive vice president for marketing at World Wrestling Entertainment. Prior to that position, he served as senior vice president for marketing at Showtime Networks. Showtime indeed. Fiction? Satire? Unfortunately not. If such organizations were not so dangerous, one would have to laugh. However, considering we are on the brink of exterminating our own children, this is truly sickening and no laughing matter. (Fyi – The Nature Conservancy has more than $3.7 billion in assets, annual revenue of $860 million – remember that when they ask you for your last 20 bucks.)