Meta released its first ever human rights report in July 2022. While there is still room for improvement, we applaud the effort and forward progress.
Hashing Out the Impact of the Inflation Reduction Act
The Meta Human Rights Report
The latest tax proposals have mixed reviews from members of the ESG community.
Source: StreetAccount, BakerAvenue
After years of accusations that the social media giant turned a blind eye to online abuses, Meta Platforms (formerly Facebook, Inc.) commissioned law firm Foley Hoag to conduct a human rights impact assessment.
While Meta achieved plenty of highs in the past couple of years, the lows, including the issues related to harassment and the spread of misinformation, will not be forgotten.
The report sheds light on how Meta plans to handle issues pertaining to the theme of human rights, as well as the respective measures taken to combat past challenges.
Read the full article: Meta Releases Its First Ever Human Rights Report With Strong Justification for Its Strategies
Proposed EV tax credits are also under scrutiny, as the propositions seem to benefit legacy auto makers -- although, as written, no EV manufacturer currently meets all requirements, making qualification for EV tax credits seemingly impossible.
The Inflation Reduction Act also contains funding for parks and forests to hire more park rangers, deter invasive species, and conclude delayed maintenance work. The bill could potentially help the Environmental Protection Agency (EPA) defend new regulations based on emerging technology.
However, if the bill clears the House, as it is expected to, the biggest hurdle will presumably be implementation of its provisions, which would require new infrastructure, hiring of workers, streamlined permitting process, and environmental justice considerations.
Source: Meta Platforms, Digital Information World, BakerAvenue
The proposed Inflation Reduction Act
seeks to reverse an existing ban on wind
energy leases for US territories and
southern coasts, seen as a win for wind
energy. However, new criticism has
surfaced from various community groups
due to the new concessions.
While bill proponents argue a negligible impact
on emissions, environment groups contend that
provisions guaranteeing oil and gas leasing on
federal lands would be damaging. Industry
bodies also claim the bill will hinder businesses'
ability to raise wages, hire workers, or invest in
communities due to high costs.