Amazon, Tesla and Meta among world’s top companies undermining democracy – report
Some of the world’s largest companies have been accused of undermining democracy across the world by financially backing far-right political movements, funding and exacerbating the climate crisis, and violating trade union rights and human rights in a report published on Monday by the International Trade Union Confederation (ITUC).
Amazon, Tesla, Meta, ExxonMobil, Blackstone, Vanguard and Glencore are the corporations included in the report. The companies’ lobbying arms are attempting to shape global policy at the United Nations Summit of the Future in New York City on 22 and 23 September...
At Amazon, the report notes the company’s size and role as the fifth largest employer in the world and the largest online retailer and cloud computing service, has had a profound impact on the industries and communities it operates within...
At Tesla, the report cites anti-union opposition by the company in the US, Germany, and Sweden; human rights violations within its supply chains; and Elon Musk’s personal opposition to unions and democracy, challenges to the NLRB in the US, and his support for the political leaders Donald Trump, Javier Milei in Argentina and Narendra Modi in India...
Glencore, the largest mining company in the world by revenue, was included in the report for its role in financing campaigns globally against Indigenous communities and activists.
Blackstone, the private equity firm led by Stephen Schwarzman, a billionaire backer of Donald Trump, was cited in the report for its roles in funding far-right political movements, investments in fossil fuel projects and deforestation in the Amazon.
“Blackstone’s network has spent tens of millions of dollars supporting politicians and political forces who promise to prevent or eliminate regulations that might hold it to account,” the report noted. Blackstone has disputed the Amazon deforestation claim and sold its remaining shares in the company in question in 2021. The company argued it does not make direct political contributions and that contributions from its executives are personal.
The Vanguard Group was included in the report due to its role in financing some of the world’s most anti-democratic corporations. ExxonMobil was cited for funding anti-climate science research and aggressive lobbying against environmental regulations...