The greening of General Electric

General Electric's Jeffrey Immelt

While it’s easy to smile at stories of people changing their lightbulbs from incandescent to compact fluorescents, or choosing to ride to work on a bike over driving a car, it takes more than anecdotal blips at the grass roots level to feel confident that a sea change in attitudes and behaviors is happening in the face of our looming environmental crisis. Sometimes it takes knowing that Big Capital is playing on the same team — a dicey proposition however you cut it, given that powerful corporations are the worst offenders and their political influence and financial machinations ensure that their loyal politicians sit out badly needed regulatory measures to keep those very corporations in heed.

All of which is why stories, such as this one in Vanity Fair about General Electric and its young and dynamic CEO Jeffrey Immelt, seem so encouraging. When the second largest company in the world, after Wal-Mart (which too has recently embraced sustainability). His emphasis, for better or worse, is not ‘about being trendy or moral. It’s about accelerating economic growth.’ Green must beget green, in other words. Schmarmy as that may seem, it is realpolitik; for a shift in the environmental practices of major corporations can’t be catalyzed unless they are convinced of that shift’s benefits in terms of the bottom line.

 

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