Friends of Science Society has issued two new reports. The first entitled “Climate Change Risk Clouds Boardroom Competency” challenges a recent report by SHARE – Shareholder Association for Research and Education. SHARE claims energy and utility corporate boards should have ‘climate change competent’ directors. Climate change is a complex interdisciplinary field far removed from the core business of corporations.
“Climate Change Risk Clouds Boardroom Competency”
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The second report is entitled “Climate Change Insights for Pension Fund Trustees and Beneficiaries.” This document disputes an earlier SHARE report by law firm Koskie Minsky LLP, telling pension fund trustees “climate change denial is not an option.”
Based on Friends of Science Society’s research and in our opinion, due to the influence of tax-free pension funds, Sovereign Wealth Funds, other institutional investors and union beneficiaries, taxpayers are being forced to accept policies based on climate change ideology, not evidence. These investor-promoted policies will enrich tax-free institutional funds at the expense of non-beneficiary taxpayers.
This SHARE report was funded by the West Coast Environmental Law Foundation, an environmental group supported by some of the same foundations that are also signatories to a letter to Premier Notley on climate policy.
“Climate Change Insights for Pension Fund Trustees and Beneficiaries”
Friends of Science Society question the propriety of unelected, unaccountable tax-free investors, collaborating to change public policy, over the wishes of the electorate.