cap and trade

Duke’s Rogers: Wind Subsidies Yield Big Profits

Rogers and windmill photoSay what you want about Duke Energy and the often-injudicious CEO James Rogers, but at least he is focused on his company’s profitability and the interests of shareholders.

Last week he composed an op-ed for The News & Observer of Raleigh in which he praised Democrat Sen. Kay Hagan and Republican Sen. John McCain for their introduction of the Foreign Earnings Reinvestment Act. The bill would give American companies a “holiday” from the 35 percent U.S. corporate income tax, enabling businesses to – as James Valvo of Americans for Prosperity explained – invest in capital and R&D, hire and train employees, and pay dividends to shareholders.

GE, Duke Energy, Exelon Can’t Quit Their Self-Serving ‘Green’ Politics

grassy dollar signU.S. Climate Action Partnership members General Electric and utilities Duke Energy and Exelon Corporation are addicted to the politics of gaming environmental regulatory policy so they can make millions off mandates and subsidies, often at the expense to taxpayers and their own customers.

Duke Energy CEO Jim Rogers Keeps Pandering to Green Activists

Jim Rogers photoThe latest pressure tactic engaged in by global warming activists is to crank out their own journalism, then get an allegedly objective news organization to run their stories. Such was the case recently with the group SolveClimate and the Reuters news agency, when they co-published an article that attempts to pressure corporations to adopt climate mitigation and adaptation initiatives.

Walmart Ripped for Supporting Cap and Trade at Annual Meeting

Here are my remarks delivered today at the Walmart annual meeting in Fayetteville, Arkansas in favor of our shareholder proposal that asks for a report on the business risks of climate change:

Mr. Duke, I have some good news for you. You can stop worrying about global warming. The seas are not rising. The sky is not falling. And Al Gore has found a new role - as that crazed sex poodle.

Walmart Has NOT Disavowed Political Correctness

Leslie DachOn Monday Walmart, which has been the subject of much criticism from the National Legal and Policy Center for kowtowing to liberal causes such as cap-and-trade and Obamacare, announced it is going to “reinforce its commitment to deliver low prices.”

No seriously. They really mean it. This time.

Campaign Launched to Remove Duke Energy CEO Jim Rogers

Jim Rogers photoFree-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).

Duke Energy's Jim Rogers Should Listen to His New Partner

electric plugProgress 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:

Corporate CEOs Must Heed Election Results, Too

Kindler photoThe electorate’s repudiation of Barack Obama and his Congressional allies was not only a rejection of Big Government, but also of business elites who were buffeted from the downturn by political dealing at the expense of ordinary people.

Unless Corporate America heeds the election results, it too will risk the wrath of an informed and energized public. Here are CEOs who must pay attention to what happened yesterday:

Pfizer CEO Jeffrey Kindler- Not only did Kindler (above) lead the charge of Big Pharma CEOs for ObamaCare, he actually got a multi-million dollar bonus from Pfizer for doing so. This is not going to look very good once ObamaCare spikes insurance premiums, prompts hospital closures, and explodes the number of uninsured. Of course, Kindler wasn’t naïve or confused, he had reason to help destroy the health system. Big Pharma made a deal that guarantees it customers and insulation from competition. (I assume Kindler plans to retire before the government forces Pfizer to sell its products for less than it costs to produce them.)

Flaherty Blasts Wal-Mart on Fox News Channel

On Friday afternoon, I discussed Wal-Mart's support for ObamaCare and Cap and Trade with guest host Connell McShane on Your World With Neil Cavuto on Fox News Channel. That morning, I spoke in favor of our shareholder proposal asking for a report on Wal-Mart's lobbying priorities at the company's annual meeting in Fayetteville, Arkansas. Here's a transcript of the interview:

Wal-Mart Support for ObamaCare, Cap and Trade Ripped at Annual Meeting

Here is a video of my remarks at the Wal-Mart annual meeting at the Bud Walton Arena in Fayetteville, Arkansas in support of our shareholder proposal asking Wal-Mart for a report on its lobbying priorities. Here is the text of my remarks:

Syndicate content