David Koch’s death and the Amazon fires could be the perfect mixture of world events that spark a business concern for climate change.
The Amazon rain forest fire has already alerted many regarding the safety of the earth’s climate. However, people are not realizing yet the role investors play in worsening climate change. By putting their dollars into businesses that ignore environmental changes, these investors create a market for environmentally unsustainable group.
The owners of Koch Industries, which is a fossil-fuel conglomerate, are such investors. According to the Greenpeace research, Charles and David Koch have spent $127 million during the past two decades to support anti-global warming causes.
David Koch’s death can however, bring awareness to careful investments and the reality of climate change.
Climate change has increased naturally occurring forest fires. In the Amazon, these fire are caused by farmers, loggers and companies who try to clear land for their businesses.
Award winning actor Leonardo DiCaprio, weighed in on the issue. He targeted Brazilian President Jair Bolsonaro, saying he “issued an open invitation to loggers and farmers to clear the land after taking office in January.”
He added, “The largest rainforest in the world is a critical piece of the global climate solution. Without the Amazon, we cannot keep the Earth’s warming in check.”
There has been an increase in companies taking a more greener approach with strategies that could decrease climate change and global warming. Businesses such as, Walmart, Procter & Gamble and Shell have steered towards prioritizing plans on how to cope with climate risk.
Moreover, The Climate Action 100+ Group, launched in 2017, represents a huge number of investors initiative to drive climate change.
“The companies include 100 ‘systemically important emitters’, accounting for two-thirds of annual global industrial emissions, alongside more than 60 others with significant opportunity to drive the clean energy transition,” the activist page states.
In addition, countries that are virtually in the 2015 Paris Climate Agreement have been influenced by it to be mindful of global warming. Ireland Prime Minister Leo Varadkar, refused to sign the landmark Mercosur trade agreement.
The agreement was between Brazil, The European Union and 3 other Latin American countries. However, Varadkar refused to sign unless the Brazil president, Jair Bolsonaro honors “its environmental commitments” to the rainforest.
David Koch’s death occurred on August 23, 2019.
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