The U.S. Environmental Protection Agency (EPA) has announced that it will finalize a sweeping new regulation, the Clean Power Plan (CPP), to fight climate change–yet, the EPA admits the CPP will have no measurable impact on global temperatures. The main effect on major regions across the country will be either steeply rising electricity rates or potentially catastrophic shortages of electricity.
Business Roundtable Does a 180 on Stakeholder Capitalism in ExxonMobil Lawsuit
On Wednesday, ExxonMobil, the largest energy company in the U.S., will face yet another challenge to its leadership. The California Public Employees Retirement System (CalPERS), the largest state public pension fund in the U.S., is leading a group of pension funds to vote against all of Exxon’s directors. Glass Lewis, one of the largest proxy advisory firms...