Corporate climate “wokeness†reaps diminishing returns
By Peter Murphy |April 5th, 2021|Climate|
Corporations have increasingly become a target of the climate change cottage industry and all too many have been accommodating, regardless of real science, much less common sense. Climate campaigners understand about corporate America as that famous bank robber, Willie Sutton, understood about banks: it’s where the money is.
Corporations for decades have embraced the climate narrative, but some are beginning to push back as climate activists demand more extreme measures. A recent example of this is the fledgling corporate resistance to the “Say on Climate†initiative, which is an effort to make a corporation’s carbon emissions subject to annual vote by its shareholders.
Say on Climate is a campaign begun last year by Chris Hohn, a wealthy British hedge fund manager of TCI Fund Management, to force corporations to further limit carbon dioxide emissions. More than a dozen companies in Europe, Canada and Australia have joined this effort, but others are refusing. Charter Communications, the cable provider, and Union Pacific Corp., the railroad operator, both U.S. companies, have refused the play.
https://www.cfact.org/2021/04/05/corporate-climate-wokeness-reaps-diminishing-returns/?utm_source=rss&utm_medium=rss&utm_campaign=corporate-climate-wokeness-reaps-diminishing-returns
