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Abysmal title. Glencore is a massive company with a quarter of a trillion dollars in revenue. The amount of companies buying from them is enormous. Putting tesl
by constantcrying 3y ago
Abysmal title. Glencore is a massive company with a quarter of a trillion dollars in revenue.
The amount of companies buying from them is enormous. Putting tesla up there is just disingenious.
Book recommendation: "The world for sale", it goes over the major players in that industry, including their history controversies (unsurprisingly, there are quite few) and what they actually do.
- fundad 3y agoOf all car makers, Tesla management is the most outspoken against environmental and social responsibility. It would be sad if they didn't expect their own message to take root.
- constantcrying 3y agoBlaming a single company for trading with an enormous suplier is just disingenious. Make the piece about Glencore, far more interesting.
- fundad 3y agoWhat blame? There is a newsworthy connection between Glencore, Tesla and their CEO's political activism against ESG. Seriously, are we supposed resist being reminded of anti-ESG activism when the topics of Musk or conflict mineral comes up? Report me to the thought police.
- thebruce87m 3y agoThey must not have been able to link Apple to this one
- ulrashida 3y agoTesla is the 7th largest company in the world by market cap -- they are an objectively enormous company making these purchases and deserve this scrutiny. Glencore is 1/10th the size, so it's fair to suggest that action by Tesla would influence Glencore to clean up its act.
- constantcrying 3y ago>they are an objectively enormous company making these purchases and deserve this scrutiny. They and hundreds of other companies. >Glencore is 1/10th the size In marketcap (which is speculative). They are 3x the size in revenue (which reflects size of operation). Action by Tesla would not cause glencore to do anything. Do you know what glecore has already done and gotten away with? They don't give a shit that some car maker isn't buying from them.
- ulrashida 3y ago> They and hundreds of other companies. So we agree then? This feels like a "but the guy in front of me was speeding too" proposition. > Do you know what glecore has already done and gotten away with? I do, I used to work for them. The point is not to influence Glencore, a quick look at their majority shareholders is all anyone should need to know where they are on the sustainability responsibility spectrum. The point is to illustrate that Tesla, which advocates that "the future is sustainable" is building that vision on the back of some very unsustainable partners and practices. I'm going to leave off the fallacy of using revenue as a primary proxy for business scale. See: Air Lease. A better comparator would probably be employee counts (they are similar).
- constantcrying 3y ago>I do, I used to work for them. How does that happen? Who in their right mind thinks to themselves "Maybe I should work for an obvious criminal entity". Did they at least pay well? >I'm going to leave off the fallacy of using revenue as a primary proxy for business scale. See: Air Lease. A better comparator would probably be employee counts (they are similar). What? Do you not understand that these are different metrics which measure different things? You measured size by evaluation, how can you accuse me of a fallacy?
- ulrashida 3y agoIf you want people to engage, try not going hyperbolic two posts in. Good day.
- lisasays 3y agoDisagree - by all accounts the relationship between Tesla and Glencore is quite significant. As are the concerns about human rights in connection with the extraction of so-called green metals. If anything it would seem to obfuscate the issue to not mention the connection with one of Glencore's most prominent customers -- whose brand is strongly associated with its supposedly "green" image. Everyone knows about Tesla; far fewer people recognize the name Glencore, after all. Which is precisely how Glencore wants it. See also: https://www.bloomberg.com/news/articles/2022-05-04/glencore-human-rights-record-worst-in-green-metals-group-says https://www.bloomberg.com/news/articles/2022-05-04/glencore-... I do agree that singling Tesla out is a bit unfair -- it would have been more helpful to mention all the other major household names that are apparently benefiting from child slave labor at scale: Tesla was sued in December 2019 in the U.S. District Court for the District of Columbia along with Alphabet Inc., Apple Inc., Dell Technologies Inc. and Microsoft Corp. for "knowingly benefiting" from children mining at sites owned by Glencore and other mining companies, a claim Glencore has vehemently denied.
- constantcrying 3y ago>by all accounts the relationship between Tesla and Glencore is quite significant. Same goes for a long list of other major companies in many sectors. Glencore isn't some minor supplier here, they operate an enormous resource network, which filters into many, many things.
- deleted 3y ago[deleted]
- lisasays 3y agoSure there's a fat tail. But as with anything -- it would seem prudent to focus on the most prominent offenders first.