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by emckay 2472 days ago
Resolutions like this one are non-binding. The real power held by shareholders is to fire directors, so if a company's board doesn't comply with the shareholder resolution the shareholders can vote against the directors at the next annual meeting.

In practice, companies "mostly meet" or "completely met" their commitments in response to shareholder engagement 89% of the time according to a 2015 report by Ceres [0].

[0] https://www.ceres.org/sites/default/files/reports/2017-03/Ce...

1 comments

Just be honest. It's bullshit. That vote and any vote like it means absolutely nothing. You know it, and anyone with any knowledge of this knows it.

We really really need to stop these fake feel good energy sinks. What you said was at best disingenuous, and at worst just lying.

I want to remove fossil fuels as much as anyone, but I will not do it by tricking people. You should try and work on some ethics.

There are two insanely simple things to end global warming if you live in the US. Stop driving to work and stop eating meat. If only a 30% of the population does that, all this is solved immediately. Pretending resolutions matter simply helps people pretend they can't solve the entire problem with two simple actions

I like most of your message but how do I get to work if I don’t drive and don’t have public transit and live 30 minutes away?
Walk, ride a bike/e-bike/electric scooter, or drive an electric vehicle (to not include the last option is unreasonable IMHO). A Nissan Leaf or Chevy Bolt are options, or a Tesla if you want to splurge.
Walk 20 miles twice a day? Is buying a Tesla for $50,000 really better for the environment than driving my old Volvo that gets 30 mpg? After you take into account all the environmental costs associated with constructing a new vehicle?
Do not live 20 miles from work. With that said, you may have extraordinary circumstances that absolutely require you to live 20 miles from your employment. No problem. Statistically, that would place you in the vast minority of people. As long as the massive majority of people that can very realistically replace their commute with public transit and/or other options do so, the problem is solved immediately. There will always be a small minority of people that have to drive a car to work. We are not talking about that tiny minority of people. As I said, we only need 30% and this problem is solved immediately. I repeat, immediately.
Average American one way commute is 16 miles. 17 million new cars a year sold in the US. Most Americans need a car to get to work.