CNBC by Sam Meredith 1/22/2026
Key Points• Top business leaders at the World Economic Forum delivered an expletive-laden message on the green backlash.
• It comes amid deep concern that businesses are increasingly shying away from climate action.
• “Now, the United States … have gone hard [for] fossil fuels and kind of made anyone going for renewables feel like they’re woke, they’re not looking after shareholders. Honestly, I’m here to tell all of Davos, that is not correct,” Andrew Forrest, founder of mining giant Fortescue, told CNBC.
Top business leaders this week delivered an expletive-laden plea in defense of climate action, describing the backlash to Europe’s green transition as an “aberration.”
In an interview with CNBC at the World Economic Forum in Davos, Switzerland, Allianz
CEO Oliver Bäte said he disagreed with the suggestion that it may just be a matter of time before net zero is dismissed in Europe, saying short-term thinking on this issue is “bulls---.”
Asked about political leaders backtracking on their much-vaunted European Green New Deal and Norway’s oil fund reportedly defending a push from companies to water down their climate goals, Bäte said anyone who has children “will have to worry” about the planet’s future.
“It’s an aberration that short-term people are saying that,” Bäte told CNBC’s “Squawk Box Europe” on Tuesday. “I think it’s about doing it intelligently. And by the way, the role model here is China, they are going to be the leader both in terms of renewable and cost of energy.”
The CEO of Allianz, one of the world’s biggest insurers, said it was integral for business and political leaders to stay the course on necessary energy transition targets.
More:
https://www.cnbc.com/2026/01/22/davos-wef-green-energy-climate-change-trump.html