Monday, June 07, 2004

Commentary: New Strategery for Enviro-Wackos

From FOX News:
The global warming treaty known as the Kyoto protocol is politically dead in the U.S. But the treaty's left-leaning environmental extremist supporters haven't given up their fantasy of creating a socialist global economy through controls on energy use.

Rather, they've merely switched tactics to achieve that dubious aim -- and I'm not referring to making dopey movies like "The Day After Tomorrow." The new tactic is to pressure publicly owned corporations into taking steps to reduce carbon dioxide emissions -- essentially committing to private Kyoto protocols on a corporation-by-corporation basis.

The sort of pressure employed by the global warming activists is not the usual one of forcing corporate managements to cave-in under the threat of bad publicity. Instead, the activists are becoming shareholders of publicly owned companies, attempting to steer corporate policy under the guise of being owners of the corporations. During 2003, these activist-shareholders filed resolutions with more than 25 companies urging the companies to take action to reduce greenhouse gas emissions.
...
Even more frightening is the activists' move toward the ultimate corporate takeover. Surfing the wave of bad publicity related to corporations like Enron and WorldCom, the activists are lobbying the SEC to propose a rule that would allow minority shareholders to nominate directors to corporate boards.

Matt's Chat

Won't be long and they'll be appointing Eco-weenie judges to get their way...

Mark's Remarks


To think, the folks that hate corporations and hate capitalism are using those institutions....And here I thought we were supposed to live on our own means, not wear fur, live off the land, and protect the environment, not be a shareholder...Could this possibly be a case of liberalism gone mad? Where the demented ends justify the means? Could it be?