Modern wealth creation basically boils down to monetizing earth’s limited non-renewable resources. Rest of the economic and industrial activities cropped up primarily to feed or speed-up the basic wealth creation activities. Little wonder then that among the biggest 30 corporations in the world in terms of revenue, there are 17 companies which are simply engaged in extraction and conversion of basic raw materials. The story is similar in India too where among the top 30 non-financial companies, 17 are engaged in basic resource extraction and conversion. The combined annual value of the income and assets that these 17 companies such as RIL, ONGC, IOC, Tata Steel, SAIL, NTPC, HPC, etc., have far outweigh the combined value of the next top 300 non-financial companies in the country! The above information has been cited to demonstrate the point that modern economic activities has a direct and permanent impact on our planet and on our surroundings.
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