Free-market minded grassroots activist group FreedomWorks has set up an online petition that calls upon Duke Energy’s board of directors to fire CEO Jim Rogers:
Due to ethical and business issues that have damaged the reputation of Duke Energy and put shareholders and ratepayers at risk, we urge you to exercise your fiduciary responsibility as board members and dismiss Jim Rogers from his position as chief operating officer (Rogers is actually CEO).
FreedomWorks identifies four reasons why Rogers should be dismissed. He has grown quite cozy with the Obama administration and the Democratic Party, to the point where he used Duke resources to back a $10 million loan for the organizers of the party’s 2012 National Convention in Charlotte, NC, which the National Legal and Policy Center reported about a couple of weeks ago.
Another reason cited is Rogers’s passionate support for the failed (nationally) cap-and-trade policy, also favored … Read More ➡
Politico reported yesterday that “it’s not easy being green anymore,” allegedly because of environmental groups’ failure to score political victories even when news events are in their favor, such as the BP Gulf of Mexico oil disaster and the Japan nuclear reactor drama. And initiatives such as cap-and-trade failed despite the environoiacs’ having a Democrat-dominated Congress and executive branch in 2009 and 2010. From the news story:
“I don’t understand how these guys, the funders, don’t ask for their money back or start suing for political incompetence,” a longtime Democratic strategist said of the Washington-based environmental movement. “You’re judged by how many campaigns you win, lose or come damn close. They haven’t gotten anywhere with that.”
I guess the EPA’s implementation of a greenhouse gas regulation structure under the Clean Air Act doesn’t count. Nor does the fact that the Obama administration severely curtailed leasing for oil and gas drilling … Read More ➡
McDonald’s Corporation is no stranger to threats from the Left, especially environmental activist groups. The nanny-state obesity fighters’ attacks (think Super Size Me) are well-documented, and Green groups like Rainforest Alliance, Greenpeace and Environmental Defense have extracted their pound of flesh over things like coffee bean suppliers, Amazon rainforests, and styrofoam packaging.
Now comes the latest pressure tactic aimed at the Golden Arches by a group called Climate Counts, which has initiated a “Green Watching” campaign against the fast food giant. Last week Climate Counts conducted a “dialogue” with McDonald’s vice president for sustainability, Bob Langert, while supporters were “sending e-mails and tweets to McDonald’s encouraging them to take more climate action and to be more actively engaged with fast-food consumers on corporate climate responsibility.”
McDonald’s isn’t the only company to come under scrutiny; it’s just the most recent. Climate Counts has evaluated several companies and assigns them … Read More ➡
Well, the second-largest banking city in the nation won the rights to host the Democratic National Convention in 2012, so you think the big TARP beneficiaries based in Charlotte might be the ones to step up to guarantee the funds for DNC to do its thing. You know, maybe Bank of America, which is the largest financial institution by assets in the country. Or Wachovia, now Wells Fargo, which has a lot of civic pride and survived thanks to the government intervention.
But no, it’s not the big bankers who have the Obama administration to thank for their survival who have offered to back his reelection party. Instead it’s the carbon-capping man, that Climate Action Partnership legend, yes, it’s Duke Energy’s CEO Jim Rogers:
Fifth Third Bank has agreed to extend a $10 million line of credit to help Charlotte organizers host the Democratic National Convention in 2012.
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Environmental pressure group Ceres, whose primary activity is to drive corporations to report their greenhouse gas emitting activities and disclose climate risk in their Securities and Exchange Commission filings, recently released a report that outlines exactly what companies should be disclosing.
The report, “Disclosing Climate Risks and Opportunities in SEC Filings: A Guide for Corporate Executives, Attorneys and Directors,” was written by three environmentalist attorneys and was reviewed by representatives of Friends of the Earth, Climate Change Lawyers Network, Carbon Disclosure Project, Natural Resources Defense Council, Investor Environmental Health Network, California Public Employees’ Retirement System, California State Teachers’ Retirement System, and Environmental Defense Fund, plus other “Green” law firms and investor groups.
As global warming alarmists scramble to tamp down another Climategate-related scandal and their dire predictions are shown to be untrue again and again, some corporate leaders are still cowed into reporting imaginary climate “risks” by the … Read More ➡
Progress Energy CEO Bill Johnson, whose company will (pending approval) be swallowed by larger electric utility Duke Energy, has been making the media rounds. He has discussed the planned merger, which he says is necessary because of looming capital projects that will be needed to meet electricity demand, but he also warned regulators in Washington of the dangers posed by the heightened government regulatory environment:
“Call this regulatory picture what you will – “a train wreck” … “a tsunami” … or an overdue change that’s ultimately do-able,” Johnson said. “It’s not hard to imagine the customer pushback that will occur because of the resulting increase in the price of electricity. This pushback will come from industrial customers struggling to be competitive, and from residential customers and small businesses struggling to make ends meet. As indicated, I’m especially sensitive to the households of modest means, where energy represents a disproportionately large
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Earlier this month corporate climateers including Nike and 3M were given awards — supposedly “the equivalent of an Oscar for the climate change mitigation world” — for their efforts to reduce their carbon emissions. The honors were bestowed by the Carbon War Room, which “harnesses the power of entrepreneurs to implement market-driven solutions to climate change.” The Virgin Group’s Richard Branson is one of the nonprofit’s co-founders.
The War Room gave Nike the Gigaton Award for the “consumer discretionary” category. The prize was named for a Clinton Global Initiative project called Gigaton Throwdown, which “encourages companies, entrepreneurs, policy makers, and investors to build big solutions to create climate stability and energy security.” Award winners are chosen by the Gigaton Academy, which consists of alarmist luminaries such as Branson, Ted Turner, UN IPCC chairman Rajendra Pachauri, Nicholas Stern, and a host of rent-seeking alternative energy industry leaders.
As … Read More ➡
After the failure in Copenhagen last year for countries who hoped for a successor agreement to the 1997 Kyoto Protocol on global warming, lower expectations surrounded this year’s version of the UN Framework Convention on Climate Change in Cancun. That’s not the same as saying desires for a massive wealth transfer from developed countries to developing countries was diminished — it’s just that they went about it differently.
One effort was to put pressure on nations to create and finance a Global Climate Fund, and the creation part was successful. As the proceedings commenced, the international poverty-and-justice group Oxfam enlisted several corporations to co-sign a letter to President Obama that demanded the U.S. lead the initiative. The Hill reported:
Companies including Starbucks and Nike say U.S. officials should take the lead in creating a global climate change fund, a move that comes as some Senate Republicans are pressing the State
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It’s only been four months since the FDIC seized the Obama-favored ShoreBank, changed management, adjusted some of the director oversight, and kept the machine running as Urban Partnership Bank. But it turns out a name change makes no difference when it comes to institutions born, raised and protected under Chicago politics. Crain’s Chicago Business reports:
Urban Partnership Bank, the successor to ShoreBank, late last week hastily withdrew the application it had submitted to state banking regulators to name as one of its directors Donald Beal, owner of Arrow Lumber Co., the South Side firm just barred from doing future business with the city after admitting to defrauding it.
Arrow Lumber is a customer of Urban Partnership Bank, a bank spokesman confirmed. The new lender was financed by a host of Wall Street giants like Goldman Sachs Group Inc. and formed in August to take over the
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The 13th annual global warming alarmism fiesta is well underway in Cancun, but Eric Carlson, president of carbon offset organization Carbonfund (whose corporate partners include Hyundai, Motorola, Volkswagen, Staples, JetBlue, Dell, Virgin America, Avis and Amtrak), wants the United States to just go away:
Carbonfund.org, the leading U.S. nonprofit climate change solutions organization, is calling for the U.S. to stay out of the way of international climate negotiations which began November 29 in Cancun, Mexico. The organization is encouraging participating countries to extend the Kyoto Protocol-set to expire in 2012-or agree on a new emissions reduction treaty without the United States.
“The U.S. has been the 800-pound gorilla in the room at climate negotiations,” (Carlson) said…. “As the largest global emitter per capita with enormous entourages at the meetings, all attention goes toward the U.S. Put simply, the problem is that there are not 67 votes in the U.S. Senate
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