Thursday, August 21, 2008

Madonna’s Sad Green Affairs.


Madonna plans on cleaning up the world with her Carbon Shackles.
Recently Madonna was the headliner on a Live Earth show from London’s Wembley Stadium. Where her interpretation of the word green means money, not the environment.
Madonna, has actually invested about $2.7 million dollars in companies that are creating the destruction that Live Earth is trying to raise awareness about. She has invested in several companies named as the biggest corporate polluters in the world.
Madonna’s Ray of Light Foundation owns blocks of shares in companies that are considered punishable and rehabilitatable for their attitudes toward global warming, climate control and basic pollution.
These Madonna companies include Alcoa, Ingersoll Rand, Weyerhaeuser, and several others associated with oil exploration, digging, and refining including British Petroleum, Schlumberger (a chief competitor of Halliburton), Devon Energy, Peabody Energy, Emerson Electric, Kimberly Clark and Weatherford International.
Madonna’s Ray of Light Foundation has stock in each of these companies. Her last published tax statement claims $4.2 million in corporate stock, and only $620,000 in donations to other charities including her pet project: the Kabbalah Center.
Madonna even has 175,000 shares of Ford Motor Company, which in 2005 — the last year for which Ray of Light Foundation’s tax form is available — had only one hybrid SUV in its fleet. Even now, but certainly then, Ford was/is not known as a green company. The only obvious thing Ford and Madonna have in common is Detroit — although it could be argued that only Ford has retained its Midwest accent.
Take Weyerhaeuser Corporation, a Madonna tree killing “forest products” company that is basically in the business of killing trees for paper and wood for housing. Madonna’s Weyerhaeuser is no friend of the green community. A story posted on the Rainforest Action Network details Weyerhaeuser’s ongoing fight with environmental activists who call the Seattle-based corporation “a bad investment” and “one of America’s worst environmental performers.”
Madonna’s investment in Alcoa, the Aluminum Company of America. Alcoa is under fire all over the world, especially in Iceland, for building aluminum smelters that some feel threaten the environment.
Madonna’s Ray of Light Foundation’s Schedule of Realized Gains and Losses is revealing in many ways. It shows that Madonna, while eager to espouse politically correct beliefs, simply does not put her money where her mouth is. The Ray of Light Foundation, for example, has only a few hundred shares of one media company: Viacom. Madonna didn’t even carry an investment in Warner Music Group, the company that releases her music. Madonna is simply a green mean bitch with a huge carbon foot print.

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