General Electric CEO Jeff Immelt has finally renounced advocacy of global warming legislation… and we helped!
At an event at the Massachusetts Institute of Technology on Tuesday, Immelt said,
“If I had one thing to do over again I would not have talked so much about green… Even though I believe in global warming and I believe in the science … it just took on a connotation that was too elitist; it was too precious and it let opponents think that if you had a green initiative, you didn’t care about jobs. I’m a businessman. That’s all I care about, is jobs… I’m kind of over the stage of arguing for a comprehensive energy policy. I’m back to keeping my head down and working. [Emphasis added]
JunkScience.com’s Steve Milloy launched the campaign against Immelt’s lobbying for global warming legislation in 2005, including:
- Drafting the first shareholder resolution attacking a CEO for global warming lobbying;
- Defeating GE’s efforts to block the shareholder resolution for three years, a resolution that serves as legal precedent for ongoing/future resolutions filed with GE and other companies lobbying on climate;
- Continually spotlighting Immelt’s lobbying at shareholder meetings and in the media;
Although Immelt retaliated against Milloy in March 2008 by banning him from appearing on GE-owned CNBC, Milloy’s point of view prevailed in the end.
Finally, Immelt’s about-face on climate lobbying cannot be a good omen for the U.S. Climate Action Partnership, the eco-industrial complex that led the charge for cap-and-trade and that Immelt helped co-found.