If corporations meet their climate pledges using carbon dioxide removal technologies, “nature-based solutions,” or other forms of carbon offsets, this may close the door on on-site emissions reductions and harm neighboring communities. Many companies have pledged to go “carbon neutral,” often heavily relying on technologies like carbon dioxide removal (CDR) and offsets. But the question needs to be asked: Will use of these technologies result in continued harm to frontline communities, where residents suffer from health issues caused by their neighborhood’s power plant, incinerator, factory or other chronic polluter? If pursuing these technologies distracts at all from reducing the amount of pollution that gets emitted in the first place, they will. ADVERTISEMENT Many companies, including United Airlines, Shell and Amazon, now have carbon removal promises. Among these corporate climate proposals are nature-based solutions (usually through forest growth and protection) … [Read more...] about Companies are promising to remove carbon — what about frontline communities?
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Sabrina Roy felt the economic sting of the COVID-19 pandemic earlier than most. She worked in housekeeping at the Colorado Convention Center, one of many venues hit with cascading cancellations starting in March 2020. “We worked from the beginning of the pandemic to exactly on my birthday, March 24th. That was the day that we all got laid off,” Roy said. Since then, unemployment benefits and the federal stimulus payments have helped Roy “keep above water.” The Service Employees International Union Local 105 recently negotiated an agreement to keep the jobs at the convention center open through September. The continuing rollout of vaccines could help get Roy back to the work she misses as people feel more comfortable traveling and venturing out into crowds. But the pandemic-induced recession has thrown businesses, workers, economists and health officials plenty of curveballs over the last 13 months. Record unemployment rates and massive federal bailout efforts have … [Read more...] about Record unemployment, massive bailouts, new businesses: Colorado’s pandemic economy is a shifting landscape
Opinion by Jeffrey Sachs Updated 1424 GMT (2224 HKT) April 13, 2021 Jeffrey Sachs is a professor and director of the Center for Sustainable Development at Columbia University and president of the United Nations Sustainable Development Solutions Network. His most recent book is "The Ages of Globalization" (Columbia University Press, 2020). The opinions expressed in this commentary are those of the author; view more opinion on CNN. (CNN) America's corporate sector owes the rest of the economy big time. And the Biden administration is taking first steps to redress this through long-overdue tax reforms that will help pay for the modernization of infrastructure that businesses -- and all of us -- need to thrive. Jeffrey Sachs At the core of President Joe Biden's proposals is an effort to lift the top statutory corporate tax rate from 21% to 28% and to coordinate with other high-income countries to restore corporate tax revenues. Not … [Read more...] about It’s time for corporations to pay what they owe America