Saturday, June 25, 2022
HomeBusinessEconomyNew York Times 'Punished' Companies by GOP Upset as 'Climate Action' Financiers...

New York Times ‘Punished’ Companies by GOP Upset as ‘Climate Action’ Financiers Awaken

After decades of celebrating liberal activists as they pressure companies to end racism, clean up the environment, support abortion rights and “voting rights“The media is now panicking over the belated counter-action by conservatives to this type of institutional activism.

A New York Times On Friday, front-page news by environmental journalists David Gelles and Hiroko Tabuchi spelled out the accusation in the headline: “The GOP Arms Government Houses Against Green Corporate Goals.” Liberals apparently don’t “arm up” against free markets.

The online headline writer preferred the term “punished”: “How an Organized Republican Effort Punishes Companies for Climate Action

They started with examples, including the state of West Virginia, which proudly “wakes up” from asset manager BlackRock for labeling climate change an economic risk. “Conservative lawmakers in 15 other states are promoting similar laws,” reporters warned.

It may seem strange that mainstream journalists are fighting alongside the world’s largest financial executive ($10 trillion in assets under management), but here we are.

Across the country, Republican lawmakers and their allies have launched a campaign to try to rein in what they see as activist companies trying to reduce greenhouse gases that are dangerously warming the planet.

Liberal groups are celebrated as victorious when they force corporations to follow their orders, while warring conservatives are seen as fighting dirty.

In doing so, Mr. Moore and others have pushed climate change from the scientific realm to the already ongoing political battles over issues such as voting rights, abortion and LGBTQ issues. In recent months, conservatives have gone beyond harsh words and used legal and financial leverage to pressure the private sector to drop climate action and other reasons they describe as “wake-up”.

“There is a coordinated effort to stop corporate involvement in these issues,” said Daniella Ballou-Aares, CEO of the Leadership Now Project, a nonprofit that wants companies to address threats to democracy. “And this is an effective campaign. Companies are starting to hide.”

….

These efforts come after years when many in the financial industry boasted of prioritizing environmental, social and governance issues (also known as ESG) over pure profit.

This activism has often pitted companies against the Republican Party, which has traditionally been an ally of big corporations.

It is expressed in positive terms, even if reporters acknowledge leftist pressure.

As the signs of a warming planet have become more apparent in the last five years in the form of more devastating storms and fires, record temperatures and droughts, and as pressure from consumers and liberal groups to take action increases, companies have taken action. warmed to the idea of ​​using capital and markets to create a cleaner economy….

Note that Republicans are not portrayed in a positive way as trying to save the coal or oil businesses, they are simply trying to “slow . . . move forward”.

But Republican lawmakers are getting more organized in their efforts to slow institutional progress on climate issues..

Tabuchi previously (covered) the oil industry white supremacy, writes in a now-deleted tweet: “I’ve been thinking a lot lately about fossil fuels and white supremacy. Almost every oil executive, lobbyist, spokesperson I’ve spoken to is white and male. It’s hard not to see a connection.”

Do NOT follow this link or you will be banned from the site!