If it isn’t Halloween candy or canola oil that are blamed by the political Left (that environmentalists belong to) as being major contributors of climate change, there aren’t any number of human activities that will be immune from scorn. This is evidenced by a recent report issued by the liberal think tank Institute for Policy Studies (IPS). According to Wired, the group’s study focuses on the one thing that the political Left uses to exact guilt on the private sector and their sole reason for focusing on carbon emission controls: greed. According to the manuscript, drastically rising CEO pay at fossil fuel companies is likewise adding to environmental change, on the grounds that it gives these leaders enormous economic incentive to build their fossil fuel capital by any means necessary.
In 2014, the report shows, CEOs at the main 30 fossil fuel organizations made, by and large, 9-percent more than the S&P 500 CEO Average. Since quite a bit of this remuneration is tied up in value, the report contends, corporate executives are personally motivated to put resources into short term gains over long haul moves to renewable energy sources (like wind and solar power). Furthermore, these pay rates have expanded even as the coal business endures. The report’s authors take this to imply that notwithstanding when the business is moving toward renewable energy, CEO’s aren’t feeling the pinch.
Note that given the biased origin of the report, a recent poll states global warming is a politically divisive issue. That is especially true given that there’s presently some confirmation demonstrating that climate change is the most debated political topic in the U.S., with Americans equally split on it than they are on gun control or abortion.
However, according to associate professor of public policy at University of California, Berkeley Solomon Hsieng, it is basic to break down CEO impetuses, as they straightforwardly affect whether they lead the organization through a long or short term vantage point. Yet, Hsieng, who was not included in the IPS study, says more vital than how much corporate executives are paid is the means by which how secure they feel in their occupations.
If CEO turnover is high, then they will likely try to earn all they can quickly and that will lead to decisions that have a more short-term view, rather than investing in the future, he says. If CEOs feel more committed to their specific firm in the long run, then they have more of an incentive to make decisions that are good for the long-term trajectory of the company. They won’t just write those problems off as ‘the next guy’s problem.’
One thing is certain — the study issued by the IPS and the political solutions furthered by environmentalist groups to address climate change is nothing more than an extension of the political Left’s attempt to destroy Western civilization. Condemning CEO’s is condemning to condemn a person’s ability to benefit from their own productive labor. This latest manuscript fits right in to Naomi Klein’s blunt admission that global warming (now known as climate change) is not about science but destroying capitalism.