Thursday, October 20, 2005
CorpWatch has a little factsheet from 2001 but I bet it's still pretty accurate:
Fifty-one of the world's top 100 economies are corporations.
Royal Dutch Shell's revenues are greater than Venezuela's Gross Domestic Product. Using this measurement, WalMart is bigger than Indonesia. General Motors is roughly the same size as Ireland, New Zealand and Hungary combined.
There are 63,000 transnational corporations worldwide, with 690,000 foreign affiliates.
Three quarters of all transnational corporations are based in North America, Western Europe and Japan.
Ninety-nine of the 100 largest transnational corporations are from the industrialized countries.
green*wash: (n) Disinformation disseminated by an organisation so as to present an environmentally responsible public image. Derivatives greenwashing (n). Origin from green on the pattern of whitewash. The Tenth Edition of the Concise Oxford English Dictionary
green*wash: (gr~en-wosh) -washers, -washing, -washed 1.) The phenomenon of socially and environmentally destructive corporations attempting to preserve and expand their markets by posing as friends of the environment and leaders in the struggle to eradicate poverty. 2) Environmental whitewash. 3) Any attempt to brainwash consumers or policy makers into believing polluting mega-corporations are the key to environmentally sound sustainable development 4) Hogwash. CorpWatch Definition [...]
- BP, the world's second largest oil company and one of the world's largest corporations, advertised its new identity as a leader in moving the world "Beyond Petroleum." It touted its $45 million purchase of the largest Solarex solar energy corporation. But BP will spend $5 billion over five years for oil exploration in Alaska alone.
Shell, the world's third largest oil company, continues its clever but misleading ad series "Profits or Principles" which touts Shell's commitment to renewable energy sources and features photos of lush green forests. But Shell spends a miniscule 0.6% of its annual investments on renewables. In true greenwash fashion, Shell's actions do not match its words.
For Earth Day 2000, Ford Motor Company announced that all corporate brand advertising will have an environmental theme. It expects to spend as much on this greenwashing as it does to roll out a new line of cars, such as the global warming gas guzzler Ford Excursion.
Monsanto, Dow, Dupont, Novartis, Zeneca, BASF and Aventis launched the "Council for Biotechnology Information," in April 2000. The Council will spend up to $250 million over 3-5 years to win public approval for genetically engineered foods under the slogan "Good Ideas Are Growing."