Melting ice, rising sea levels… “Shut up and swim”
This will have to be explained to the children. The desert is growing, the sea is rising, the glaciers are melting, and snow is nothing more than a memory. It's 45 degrees in the shade, but it's all so that companies can make more money. On Monday, European states agreed, writes Les Échos , to revise the two directives on which the Green Deal adopted in 2019 was based.
This follows a report by Mario Draghi, who rose from Goldman Sachs to become President of the European Central Bank and then, for a time, President of the Italian Council of Ministers, whose advice is still valued. He concluded that the burden of environmental regulations on businesses was an obstacle to competitiveness.
As a result, the so-called duty of care will now only apply to companies with more than 5,000 employees instead of 1,000, and 85% of companies will be exempt from the obligations of what is called ESG (environmental, social and governance) reporting. Mom, Dad, what's the deluge? Shut up and swim.
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