Corporations and clean energy
Globalization has resulted in many businesses setting up or buying operations in other countries. When a foreign company invests in a country, perhaps by building a factory or a shop, this is called inward investment.
Companies that operate in several countries are called transnational corporations or TNCs. The US fast food chain McDonald's with nearly 30,000 restaurants in 119 countries is a large TNC.
Transnational corporations claim that they are spearheading the campaign to build a better world in which resources will be carefully managed and climate-changing greenhouse gases reduced. But many have questioned the veracity of such claims. Peter Dauvergne, professor of international relations at the University of British Columbia in Canada, says: “The earth’s climate is drifting into an ever-deeper crisis as the shadows of mass production, transportation and industrial agriculture continue to intensify.”
Over the past decade, TNCs have been trying to take positive steps to reverse the damaging effects of their businesses on the environment. For example, Walmart - one of the world’s biggest companies - uses solar panels on its stores, recycles increasing amounts of its waste and donates millions of dollars to environmental causes. Technology giants like Google and Apple have switched to using renewable energy across their operations. But at the end of the day, enhancing the sustainability of business, not the earth, as professor Dauvergne says, is what corporations truly care about.
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