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Jasmine Boussem

Jasmine Boussem

Posted: April 17, 2010 04:50 PM

Fortune's Green Brainstorm

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For the past three years Fortune Magazine has put together an annual conference called The Green Brainstorm, gathering captains of industry, venture capitalists, sustainability experts, NGO's and innovators to brainstorm about environmental issues and devise ways to address them. This year's meeting in Laguna Niguel just concluded. It was a Fortune event, so the emphasis was on how business can contribute to a healthy, stable and sustainable environment.

There are plenty of conferences held around the environment and its problems, but with more political gamesmanship being played than solutions being implemented. What distinguishes this event is that it focuses on solutions, and largely sets aside pointless ideological debates.

Over three days, the topics included; the electric car, sustainability through innovation, the Smart Grid (sounds like a good idea), geo-engineering, and solutions to unsustainable population growth.

The line-up of speakers included some people the general public never heard of who nonetheless have very impressive credentials, as well as some business super stars. A partial list; Wal- Mart's Lee Scott, Architect Bill Mc Donough, Ford Motor Company chairman, Bill Ford, legendary venture capitalist Vinod Khosla and Sylvia Earle.

The tone was can-do optimistic, avoiding the wishfulness and idealized trappings that so often seem delusional in retrospect in favor of pragmatism. Judging by the many venture capitalists that showed up, it seems the business community is interested in sustainability. It is pretty simple: Without sustainability, nobody can make plans, and without plans, it is very hard to do business, at least in a way that is intelligent over the long term.

During a conversation with Time editor in chief John Huey, Lee Scott explained that Wal-Mart's commitment to sustainability was not fueled by altruism. In 2006, Scott committed the company to three ambitious goals; to be supplied 100 percent by renewable energy, to create zero waste, and to sell products that sustain Wal-Mart's resources and the environment. They decided this because it made economic sense to them at the time. Critics might agree Wal-Mart's professed lack of altruism is borne out by their less-than-progressive workplace policies, but on environmental issues, they are way ahead of the curve.

Have we been marginalizing environmental concerns by fostering the notion that promoting environmental sustainability is a charitable, altruistic choice, rather than a practical self-serving one? Environmental leaders are becoming aware that the charity model does not compete well in an age when dire immediate human need is brought on by disaster and strife. Only if environmental health is regarded as a necessity, rather than a luxury or a good cause, do we start to own the problems rather than just shake our head at them.

Among progressives, self-interest is sometimes treated as a tarnished motive. And among hard-nosed business types, causes and charities move to the back of the line. Both attitudes may be contributing to a missed opportunity to make sustainability a non-partisan effort in which anyone can find a reason to be personally invested. If everyone starts to own sustainability, environmental activism will shed its stereotypes of elitist tree-hugging and liberal attacks on competitiveness. Many environmental leaders have acknowledged the need to change the way they talk about the environmental problem and move beyond the common misperceptions that suggest it's about the polar bears, saving trees, and supporting Al Gore.

Sea World's Julie Scardina made an eloquent point comparing our planet to the fictional Pandora in the movie Avatar. "Our planet is even more amazing than Pandora," she said. I loved Avatar, and would probably move in a heartbeat to Pandora, where everything seems so magical and interconnected. It's hard not to long for that closeness to the beauty of nature. But wait: Pandora is a fiction. Our planet is far more amazing because it is real and every bit as interconnected and magical. The grass is not greener on Pandora. The grass on Pandora got its idea from the real thing.

Explorer Sylvia Earle, during her inspiring talk about the necessity to protect our oceans, said "I am pleased to see that business leaders are thinking green and that Green Leaders are thinking business but it's important we start thinking blue. We have to treat the oceans as if our lives depended on it, because they do." With survival in the balance, there is no reason for environmental sustainability to continue to carry an ideological stigma.

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For the past three years Fortune Magazine has put together an annual conference called The Green Brainstorm, gathering captains of industry, venture capitalists, sustainability experts, NGO's and inno...
For the past three years Fortune Magazine has put together an annual conference called The Green Brainstorm, gathering captains of industry, venture capitalists, sustainability experts, NGO's and inno...
 
 
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10:50 AM on 04/19/2010
Let's see? ... We've steadily reversed the downward acceleration of job losses (towards the jaws of the severest spiraling depression) reaching a bottom of 800,000 job losses per month in the worst month to an upward acceleration of job growth reaching 150,000 job gains per month in the last month and … climbing. That's a net positive reversal (swing in momentum) of 950,000 jobs per month since. That's a heck of a lot of job rescues and recoveries per month wouldn't you say? And, the trend bodes better. ... USA USA USA ... Yah

Unfortunately, it’ll take about 2 to 4 years to substantially recover the cumulative losses from the depths of the steep fall over the many months of approx 2007 through 2009. US will have momentary setbacks, but eventually we will best our past as we always do.

Just imagine the dire predicament after the revolution, civil war, ww2, great depression, Vietnam/Watergate/Hippie Generation/Oil Price Shock, Indefinite Iraq War Legacy Cost Drag - to cite a few. The only way we'll lose is if we think like losers - which is, inherently, anti-American and a betrayal to our vigorously tested history.

Growing Green Jobs (led by high tech) will help over the months and years.
photo
Steve41
Never insult anyone by accident. R.A.H.
09:19 AM on 04/19/2010
Couldn't agree with the author more. Give your average consumer a choice between a more expensive option that is better for society and a cheaper option that is better for the themselves, 99% will choose the self-serving option. If you make the "greener" option the more affordable choice society in general will flock to them, not because it is ecofriendly, but because it is in their best interest. As far as energy is concerned the public is interested in efficient, affordable and dependable. There are numerous options currently available to start phasing out fossil fuels: wind, solar, hydro, nuclear, and geo to name a few(some affordable and dependable currently, some that get closer by the year).

If companies take the initiative in moving to cleaner options(whether their motive is publicity, affordability, or altruistism) they should be lauded for their decisions. If they get richer in the process, more power to them.
03:46 PM on 04/18/2010
We aren't lacking green alternatives because individuals are unaware of the benefits to themselves, in addition to the 'altruistic' element. We are lacking green alternatives because a small number of very rich people and companies that benefit tremendously from our current, broken system. Trying to 'convince' more people seems relevant if you approach the energy issue from the tired standpoint of 90's style free-market thinking, as if all we need to solve the environmental challenges is some great sloganeering to generate more demand among consumers.
10:14 AM on 04/18/2010
The reason how we are becoming a greener society is secondary to the need for the increase in awareness and action. The environment is not waiting for us to decide that being green is good for everyone. This is verified by the growing list of endangered species we keep hearing about from the media. Instead let's focus on the positives of getting everyone aware of the need for being green. Celebrating Earth Day (April 22nd) is one way to get people excited about being environmentally friendly. I purchased some Save the Earth butterfly temporary tattoos from www.mixitandstixit.com to celebrate the day and donate to the Nature Conservancy at the same time. Everyone should find one way to spread awareness and make their day a little greener this Earth Day. Change is a gradual process but a move in the right direction all the same.
02:58 AM on 04/18/2010
If there's one thing these people love to do, it's to talk about it. That allows them to claim to be interested, while actually doing nothing much. I really don't think there's an energy problem, but only a political problem. Energy policy is controlled by oil and coal companies, just as food policy is controlled by agricultural and food processing corporations.

One example: There are tens of millions of structures heated by fuel oil. Most could be converted to ground-source )"geothermal") heat pumps. It has been in use for decades in Eastern Canada and Scandinavia. You bury PVC pipe in the ground, pump antifreeze through it, and connect everything to a heat exchanger, which provides warmth in winter and coolness in summer.

The energy cost consists of electricity to run the pumps. It is about 40% (or less) of the cost of fuel oil, not to mention the pollution, macroeconomic, and geopolitical externalities. To get the electricity, well, the United States is one of the windiest countries in the world. We should have 10,000 times as many windmills as we do.

None of this is new, flaky, or unproven. But it is deeply threatening to the energy companies. Not even the Democrats dare cross them. There'll be just enough window dressing to allow corporations to claim they care, and for websites to declare their approval of Fortune magazine and big business. Pardon me while I go puke somewhere. I promise not to get any on your shoes.