GE's Green Initiative Thwarted by "Hidden Hand"

authordefault
on

Following a widely heralded move by General Electric to substantially cut its carbon output, a tiny, dissident shareholder group has filed a resultion asking the company to stop its plan to fight global warming. In January, Jeffrey Immelt, CEO of the global giant, announced the firm was launching an ‘ecomagination’ program to sell $20 billion worth of green technologies over the next fourย years.

GE‘s action followed, by several months, a striking call by the investment house of Goldman Sachs for the federal government to begin to regulate CO2ย emissions.

Almost immediately, however, the initiatives of GE and Goldman Sachs ran into vocal opposition by a dissdent shareholder group, the Free Enterprise Action Fund.

The fund is spearheaded by non-other than the famed โ€œjunk scienceโ€ skeptic Steve Milloy. It’s mission: โ€œ[S]eeking to provide investors with financial returns while defending and advocating for the American system of freeย enterprise.โ€

If Milloy is correct, then one of the world’s largest corporations and one of its most prominent finance houses are leading a potentially fatal assault against Americanย capitalism.

Thank goodness for Milloy’s vigilance. No telling what could happen when GE and Goldman Sachs allow themselves to be recruited by the growing menace of corporateย eco-terrorists!

authordefault
Admin's short bio, lorem ipsum dolor sit amet consectetur adipisicing elit. Voluptate maxime officiis sed aliquam! Lorem ipsum dolor sit amet consectetur adipisicing elit.

Related Posts

on

Farageโ€™s representatives have held meetings with a MAGA-linked fossil fuel firm.

Farageโ€™s representatives have held meetings with a MAGA-linked fossil fuel firm.
on

MSN hosted AI-generated content that cited non-existent climate experts and institutions.

MSN hosted AI-generated content that cited non-existent climate experts and institutions.
on

The Reform leader will be skipping Parliament again in favour of a conference in Washington DC.

The Reform leader will be skipping Parliament again in favour of a conference in Washington DC.
Series: MAGA
on

Firmโ€™s top London consultants planned to help Saudi Aramco influence policymakers, leaked documents reveal.

Firmโ€™s top London consultants planned to help Saudi Aramco influence policymakers, leaked documents reveal.