Local companies are powerful in this way, too. The Sale of Liquor Act in New Zealand has reduced the legal drinking age, despite much evidence from overseas that the road accident rate rises. It's said to be in the interest of freedom. We have the choice of rule by Government, elected by the people every few years, or rule by corporations and vested interests. True, these powerful people have acquired the media and almost everything we read, see and hear is slanted to their advantage.
Governments are by no means perfect, but in most countries they are ultimately accountable.
Corporations are accountable only to their shareholders, and even those have power only when they have very large holdings. Corporations are bound to try and maximise profits for their shareholders. Others have a caring public image which may not be justified. They cannot be expected to spend more than they need to protect the environment and clean up after them. Strong, but accountable, government is essential in the interests of us all.