Posted by on December 8, 2019 4:00 am
Tags: , , , , , ,
Categories: A-Auto Activism Business Climate and Environment Polls

https://www.theguardian.com/business/2019/dec/08/saudi-aramco-flotation-biggest-polluter-climate-action

Aramco’s flotation may have been scaled down, but it shows that capitalism and carbon still go hand in glove

In less than a week the most valuable company in history will make its debut on a publicly traded market. Saudi Aramco is both the most profitable and the most polluting company of all time. Its looming $1.7tn (£1.3tn) market listing is also evidence of the gaping chasm between Europe’s growing climate movement and the carbon addiction the rest of the world just cannot kick.

A year that has seen the most determined green investor activism, fossil fuel divestments and climbing climate targets will end with the largest single fossil-fuel binge in investment history.

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