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+18 +1
Luxury brand Gucci became ‘sustainable’ - by cooking the books
Fashion brand Gucci and other big multinationals claim they managed to meet their main climate target within a few years: emitting less CO2 . That sounds nice – but it’s not actually true, Follow the Money found.
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+14 +1
Study Shows How Corporations Are Deceiving the Public to 'Greenwash Their Brand'
A detailed study published Monday finds that the climate pledges of some of the world's largest companies are often highly misleading, lack transparency, and fall well short of what's necessary to avert catastrophic warming.
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+4 +1
The Uber whistleblower who leaked 124,000 files is an ex-top lobbyist. He says he was 'drunk on the Kool-Aid' of the company.
Uber's former top lobbying exec in Europe Mark MacGann said Uber had "sold people a lie" in an interview with The Guardian.
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+25 +1
A TikToker wrote code to flood Kellogg with bogus job applications after the company announced it would permanently replace striking workers
An activist on TikTok posted code online meant to flood the Kellogg website with fake job applications in protest against the company's decision to permanently replace striking workers. Kellogg announced on Wednesday that it would replace almost 1,400 unionized workers after the Bakery, Confectionery, Tobacco Workers, and Grain Millers union rejected a pay deal. The workers have been on strike since October over what they say is unfair pay and benefits.
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+22 +1
The forgotten oil ads that told us climate change was nothing
Since the 1980s, fossil fuel firms have run ads touting climate denial messages – many of which they’d now like us to forget. Here’s our visual guide
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+17 +1
Facebook is letting religious groups charge users $9.99 per month for exclusive content, such as messages from their bishop
Facebook is trying to convince religious groups to partner with it, The New York Times reports. According to The Times' report, Facebook has been courting religious groups since at least 2018, but it has made even more effort over the past year.
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+1 +1
Millions Are Unemployed. Why Can’t Companies Find Workers?
In a red-hot economy coming out of a pandemic and lockdowns, with unemployment still far higher than it was pre-Covid, the country is in a striking predicament. Businesses can’t find enough people to hire.
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+11 +1
Why are CEOs of U.S. firms paid 320 times as much as their workers?
An Employee of the Month at a Missouri hospital got a $6 coupon after surviving Covid. The CEO of the firm that owns the hospital got $30 million. Last August, Jamelle Brown, a technician at Research Medical Center in Kansas City, Missouri, contracted Covid-19 while on the job sanitizing and sterilizing rooms in the facility's emergency department. Luckily, his case wasn't severe, and after having quarantined, he was back at work.
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+11 +1
Big name corporations more likely to commit fraud
Fortune 500 firms with strong growth profiles are more susceptible to “cooking the books” than smaller, struggling companies, according to a recent study published in Justice Quarterly. Researchers from Washington State University, Pennsylvania State University and Miami University examined the characteristics of more than 250 U.S. public corporations that were involved in financial securities fraud identified in Securities and Exchange Commission filings from 2005-2013. They were then compared to a control sample of firms that were not named in SEC fraud filings.
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+7 +1
Revealed: BP And Shell Back Anti-Climate Lobby Groups Despite Pledges
Earlier this year, oil giants BP and Royal Dutch Shell assessed the climate lobbying done by trade associations they have been involved with, and publicly quit a handful of high-profile industry groups campaigning to undermine regulations to reduce greenhouse gases. The effort was part of a vow to increase corporate transparency and bring planet-heating emissions to net zero over the next few decades.
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+18 +1
Publicly traded firms paid dividends, bought their own stock after receiving PPP loans to pay employees
Financial records show that a number of publicly traded firms paid dividends and bought back stock after receiving taxpayer-backed SBA loans.
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+21 +1
Facebook 'danger to public health' warns report
Health misinformation on Facebook was viewed 3.8 billion times in the past year, peaking during the Covid-19 crisis, a report suggests. Activist group Avaaz, which conducted the research, said Facebook posed a "major threat" to public health. Doctors added false claims about vaccines on the social network could limit the numbers prepared to have a Covid jab if one became available.
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+19 +1
The $5.3 Trillion Question Behind America’s COVID-19 Failure
That’s the amount of buybacks U.S. corporations funneled to shareholders during the past decade—rather than invest in technologies for the common good.
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+9 +1
JCPenney gives executives bonuses ahead of deadline for possible bankruptcy filing
As JCPenney struggles with missed debt payments and prepares for a possible bankruptcy filing, it approved bonuses of $1 million or more to its top four executives. JCPenney won't comment on its bankruptcy plans, but it disclosed that it missed two recent debt payments: $12 million due to bond holders on April 15, and a $17 million payment due on a credit line this past Thursday. The grace periods for those missed payments are Thursday and Friday this week, suggesting a bankruptcy filing could be imminent.
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+10 +1
Opinion | Letting corporations profit from a COVID-19 vaccine is a terrible idea
The current consensus by scientists and public health experts is that the only way to end the coronavirus' devastating effects on America's citizens and its economy is to develop, produce at scale and widely distribute an effective vaccine against COVID-19 as quickly as possible. There are, of course, myriad scientific challenges inherent to that imperative, among them the virus' potential mutability, our lack of knowledge about whether antibodies provide protection against reinfection...
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+16 +1
Fossil fuel firms linked to Trump get millions in coronavirus small business aid
US fossil fuel companies have taken at least $50m in taxpayer money they probably won’t have to pay back, according to a review of coronavirus aid meant for struggling small businesses by the investigative research group Documented and the Guardian. A total of $28m is going to three coal mining companies, all with ties to Trump officials, bolstering a dying American industry and a fuel that scientists insist world leaders must shift away from to avoid the worst of the climate crisis.
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+17 +1
Here are the largest public companies taking payroll loans meant for small businesses
Hundreds of millions of dollars of Paycheck Protection Program emergency funding has been claimed by large, publicly traded companies, new research published by Morgan Stanley shows. In fact, the U.S. government has allocated at least $243.4 million of the total $349 billion to publicly traded companies, the firm said. The PPP was designed to help the nation's smallest, mom-and-pop shops keep employees on payroll and prevent mass layoffs across the country amid the coronavirus pandemic.
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+4 +1
Lawmakers in Canada, U.S. call for probes of Live Nation/Ticketmaster's 'outrageous' refund policy | CBC News
There are now calls from politicians in both Canada and the U.S. for investigations into global entertainment giant Live Nation over its refusal to immediately refund all ticket-holders for thousands of concerts and live events disrupted by the COVID-19 pandemic.
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+23 +1
Chinese pupils 'work through night' to make Amazon Echos
Chinese students are being paid low wages and pressured into illegal work hours, activists say.
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+2 +1
‘All Rhetoric and No Action’: Oil Giants Spent $1 Billion on Climate Lobbying and Ads Since Paris Pact, Says Report
A new report by a British think tank estimates that since the 2015 Paris Agreement, the world’s five largest listed oil and gas companies spent more than $1 billion lobbying to prevent climate change regulations while also running public relations campaigns aimed at maintaining public support for climate action.
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