The cost of pollution and other damage to the natural environment caused by the world's biggest companies would wipe out more than one-third of their profits if they were held financially accountable, a major unpublished study for the United Nations has found.
The report comes amid growing concern that no one is made to pay for most of the use, loss and damage of the environment, which is reaching crisis proportions in the form of pollution and the rapid loss of freshwater, fisheries and fertile soils.
Cathie's notes: This figure does not include air and water pollution damage from power companies. According to the article, neither does it include damage from household and government use of goods and services, or the costs of forced migrations or other impacts of climate change.
Read the whole article at The Guardian here.