Column: Business is the most trusted institution? Are you kidding me?

  • 📰 latimes
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 82%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Nicholas Goldberg: Business is the most trusted institution? Are you kidding me?

A new report details how Exxon Mobil and the fossil fuel industry, over decades, worked to deceive the public over the science of climate change and avoid regulation.“In perhaps the most unexpected twist in the field of climate science, new research suggests Exxon Mobil Corp. had keener insight into the impending dangers of global warming than even NASA experts but still waged a decades-long campaign to discredit the science on climate change and its connection to the burning of fossil fuels.

It’s not unexpected because, as the story notes, we’ve already known from a “growing body of evidence” that Exxon Mobil recognized decades ago, in the late 1970s, that burning fossil fuels was warming the Earth “even as it continued to heap doubt onto that notion publicly.”Tobacco companies spent decades suppressing the evidence and discrediting the science that showed links between smoking and cancer, though the companies knew the link was real.

The financial services industry engaged in abusive, self-serving mortgage practices, including giving out risky loans — causing ruinous harm to ordinary Americans hoping to buy homes and helping ignite a global recession. Corporations don’t exist to make the world a better place or even to provide customers with the goods and services they need. Rather, the overarching goal is to maximize profits. And sometimes that requires being less than honest, in the view of some executives.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You are a business

active deception is worse. convince me that Biden's 'green' projects are for anything but saving some fracked FF to keep fuel prices sffordable.

Probably more trusted than any government body

Ths Government is way more trustworthy. amirite?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in CA

Canada Canada Latest News, Canada Canada Headlines