Friday, 21 August 2015

New UN report finds almost no industry profitable if environmental costs were included

New UN report finds almost no industry profitable if environmental costs were included

The report found that when you took the externalized costs into effect, essentially NONE of the industries was actually making a profit. The huge profit margins being made by the world’s most profitable industries (oil, meat, tobacco, mining, electronics) is being paid for against the future: we are trading long term sustainability for the benefit of shareholders. Sometimes the environmental costs vastly outweighed revenue, meaning that these industries would be constantly losing money...
Read more: http://ift.tt/1NznmWv

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