[guardian.com] ‚Greenwashing': the go-to solution of hedge funds and oil companies

‚Greenwashing’: the go-to solution of hedge funds and oil companies

As a noun, “greenwash” has since 1987 meant commercial propaganda that propagates an environmentally virtuous public image – such as ads for oil companies featuring cute wildlife. Before that, the verb “greenwashing” was sometimes used as a term for money laundering on behalf of drug cartels, because the US dollars being laundered were “greenbacks”.