CWR co-hosts Francesca Rheannon and Bill Baue attended the conference, hosted by investor-environmentalist coalition Ceres and its Investor Network on Climate Risk. Rheannon speaks with British Telecom Pension Scheme Trustee Donald MacDonald about the impact of war on climate change and what institutional investors can do to address it.
Baue speaks with Co-op America CEO Alisa Gravitz about its multi-tiered approach to address climate change through member company actions, investor advocacy, and consumer activism. And Ian Gray of Ceres speaks with McKinsey Global Institute Director Diana Farrell about its new report on energy efficiency. We also excerpt highlights from the presentations by Harvard Professor and Woods Hole Research Center Director John Holdren outlining the current science on climate change and AFL-CIO President John Sweeney placing climate change in the social context.
CWR co-hosts Bill Baue and Francesca Rheannon speak with investigative journalist Greg Palast, who notes the coincidental timing of revelations of Eliot Spitzer’s hiring of a prostitute on the eve of Federal Reserve Chairman Ben Bernanke’s $200 billion bailout of banks implicated in the subprime meltdown. The former New York Governor was set to unveil plans to pursue prosecution of the banks for predatory lending that is illegal under New York State law, where most of the banks are headquartered, according to Palast. So instead of being busted by Spitzer, the banks behind the subprime mess were rewarded with a fifth of a trillion dollars, printed by the US government.
CWR co-hosts Francesca Rheannon and Bill Baue speak with Daniel Lerch, author of Post Carbon Cities: Planning for Energy and Climate Uncertainty and manager of the Post Carbon Cities project of the Post Carbon Institute. Lerch discusses the overlap as well as the distinctions between peak oil and climate change. He also responds to the question of how the policy void at the federal government level in the US is driving action at the municipal and state level to address climate change and peak oil.
The show also features CWR’s new headlines segment:
–Nanotech is Exposed in Grocery Store Aisles;
–The Vatican says greenhouse gas emissions and genetically modified organisms are “Modern Sins”;
–A new study says the Clean Energy Market will Hit $254 Billion by 2017.
Corporate Watchdog Radio co-hosts Francesca Rheannon and Bill Baue speak with Laura Berry, executive director of the Interfaith Center on Corporate Responsibility. Founded in 1971, ICCR pioneered the modern practice of shareowner activism by reviving an obscure rule allowing shareowners to file resolutions addressing social and environmental issues at company annual meetings and on their proxies. Now, over three-and-a-half decades later, ICCR is a coalition of about 275 faith-based institutional investors with over $100 billion in assets who filed over 300 resolutions this proxy season.
Berry clarifies common misconceptions about how the ins and outs of shareowner activism. For example, media accounts often report a less-than-majority vote as a “defeat,” when in fact, companies often implement what resolutions request when they receive 20 percent or more support. She also discusses transformations she sees taking place in the corporate social responsibility landscape.
CWR also debuts a new segment with headlines on corporate sustainability developments from the past week, the first in a series of exciting changes to enhance the show.