Exxon, Apple and other corporate giants will have to disclose all their emissions under California’s new climate laws – that will have a global impact::California is the world’s fifth-largest economy. Laws tested there often spread across the U.S. and around the world.
Not saying we shouldn’t pressure corporations to do better, but one of the unintended consequences here is that Apple’s green initiatives and disclosures are in part simply a product of tight vertical integration. At a certain point pollution is simply resources not optimally exploited and extracted, and those inefficiencies are lost profits. Meeting environmental goals at that point will be easier for large conglomerates than for smaller players, thus encouraging the rise of more conglomerates.