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Claim: Paying CEOs to do their job accelerates climate change

05 Sep
Claim: Paying CEOs to do their job accelerates climate change

maybe is like that for that reason people give awards cheers guys

Watts Up With That?

climate-cash

Guest essay by Eric Worrall

The Institute for Policy Studies, a prominent Washington based think tank, has released a report which claims corporate pay structures which incentivise Chief Executive Officers to maximise shareholder value are accelerating climate change.

According to the report;

MONEY BURN HOW CEO PAY IS ACCELERATING CLIMATE CHANGE

Our contemporary executive pay incentives, analysts believe, directly encouraged the reckless behavior of Wall Street executives that led to the 2008 financial crisis. These same misplaced incentives are today encouraging the recklessness of fossil fuel executives — and deepening our global climate crisis.

The world’s largest fossil fuel companies are currently holding vast stocks of carbon reserves. These reserves, if all burned, would emit approximately 2,795 gigatons of carbon dioxide, five times the amount of carbon that researchers tell us would push the globe into catastrophic climate change, everything from extreme flooding and drought to a significant…

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Posted by on September 5, 2015 in Blogs

 

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