Aramcos flotation may have been scaled down, but it shows that capitalism and carbon still go hand in gloveIn 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 Europes 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. Continue reading...
Tags
for
action
market
biggest
Category:
News and Media
Latest from this category |
|
|
