Profits of Doom

From Times Higher Education,

“Earth is at a critical crossroads,” announced the aptly named Earth Institute at Columbia University last year. The august research body warned the world solemnly that human activity was “threatening the health of the environment and potentially posing risks of unprecedented magnitude to our shared future”.

Fast forward to 2010, and with the dirty stain of oil spreading inexorably over the clear blue waters of the Gulf of Mexico, threatening to choke the delicate wetlands of Louisiana and Florida, you can’t help but make a link between the warning and the business model of BP. But there is an even better reason to “Think BP” when you hear the Earth Institute’s warnings: a key member of its advisory board is none other than Carl-Henric Svanberg, chairman of BP and now perhaps persona non grata.

In June 2009, when the beleaguered oil multinational chose Svanberg for the top job, it explained that this was because, in addition to his dynamic business track record, he was personally committed to and an advocate of many corporate-responsibility issues, including human rights and climate change. Naturally, he is at home at the Earth Institute, where, as its website informs us, everyone is deeply worried that “today, approximately one in six people on the planet subsist on less than $1 a day. The world’s population is expected to increase to 9 billion people by 2050, further straining Earth’s resources and humanity’s ability to thrive.”

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