(h/t Rúnar) Companies that fail to act on the climate change they cause will be axed from the stock exchange, under radical Labour plans.
John McDonnell, the shadow chancellor, pledged his government would ensure firms are “pulling their weight” to tackle the “existential threat” to the planet.
And he warned: “For those companies not taking adequate steps under Labour they will be delisted from the London Stock Exchange.”
Vowing to “rewrite the rules” of the economy to benefit workers, Mr. McDonnell also insisted curbing the “climate crisis” would be “Labour’s overriding priority” if it wins the general election.
The Corporate Governance Code would be beefed up to “set out a minimum standard for listing related to evidencing the action being taken to tackle climate change.”
“If we are meet the climate change target to keep global warming to 1.5 degrees above pre-industrial levels, we need to ensure that companies are pulling their weight alongside government,” he told an event in London.
And, claiming some support from the corporate world, he added: “Business bodies are calling for companies to improve climate-related financial reporting and for all companies to bring forward decarbonization plans.”
Earlier, the Green Party lashed out at Labour for dropping plans to achieve net-zero carbon emissions by 2030, as a shadow cabinet minister revealed on Monday.
It said the decision proved only the Greens are willing to wage “a war” on climate change, with a £100bn pledge to end emissions by that date.
But Mr. McDonnell promised “a step-change in corporate governance and regulation that will support efforts to tackle the climate emergency”.
Read rest at Independent
Hopefully these lunatics will crash and burn in the election…
If they don’t the lunatics will crash and burn the British economy.
It’s lunatics like them who are and always have been the real “existential threat.”
These jerks do not comprehend the word
” existential ”
In using it they feel like they are intellectuals
because every a**hole liberal knows that if you
use a ” five dollar word ” every once in a while,
people as dumb as yourself might think you’re
smart.
Typical leftist thinking
Typical liberal thinking
It’s the façade that counts.
If so, I will represent the delisted companies and there will be HUGE costs to pay because the “science” is completely and utterly false physics. The CORRECT explanation is in my 2013 paper “Planetary Core and Surface Temperatures” at https://ssrn.com/author=2627605 and summarized in 15 minutes at https://www.youtube.com/watch?v=1BEN3iJzlrI&feature=youtu.be
They won’t need to delist them. After a few years of Labour control, most will be out of business.
John McDonnell = Communist
Wait did,nt England fight in WW II to to stop the spread of this kind of tyrany?
Trump should start inviting British companies to start listing on the NYSE they to can enjoy the phenominal growth in stock prices.
Tackle climate change ? Really . Tackle the sun , ocean currents and volcanoes then to because they are the cause of climate change not humans other than at
a minuscule level .
The global warming cult has helped confirm how many truly stupid people there
are . No wonder a commie globalist is pushing this nonsense .
Always and everywhere, the extreme Left and its linked extreme Right, both essentially Fascist, seeks absolute control to bring us all Paradise. Hence Jung described it as “socio-political delusional systems”. The Christian mythology calls Satan The Prince of Lies. Who deceives the world.
WRONG
Communism, Fascism, Nazi-ism
are all the
SAME
They are ALL totalitarian
DICTOCRACY
They are ALL
the SAME.
Btw
Right wing extremism is ANARCHY
Not that it’s desirable
but it is the diametric opposite of
totalitarianism.
Recipe for rampant unemployment. Move all jobs to China. What a bunch of losers.
Meet your new Green Fuhrer, you losers in Used to be Great Britain.
Sounds to me like Extortion they should arrest all those involved in this whole thing