{"id":332369,"date":"2024-06-11T07:47:25","date_gmt":"2024-06-11T05:47:25","guid":{"rendered":"https:\/\/climatescience.press\/?p=332369"},"modified":"2024-06-11T07:47:28","modified_gmt":"2024-06-11T05:47:28","slug":"gms-barra-queried-by-cfact-at-shareholder-meeting","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=332369","title":{"rendered":"GM\u2019s Barra queried by CFACT at shareholder meeting"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From CFACT<\/a><\/p>\n\n\n\n

CFACT was present for the General Motors shareholder meeting on June 4th<\/sup> to both congratulate and then pose a question to company CEO Marry Barra about Cadillac\u2019s decision to pull back from its plans to go \u201call in\u201d on electric vehicles.<\/p>\n\n\n\n

Specifically, National Field Director Greg Neff queried GM CEO Marry Barra with this question: \u201cGlobal Cadillac Vice President John Roth recently announced that the company was no longer pursuing a goal of eliminating the production of internal combustion engines by 2030. This is great news for many motorists who are not excited by electric vehicles. But is this about-face just a temporary thing, or will GM continue to resist the political pressure to impose electric vehicles on an unwilling public?\u201d<\/p>\n\n\n\n

Barra\u2019s response was disappointing, to say the least. She answered Neff by stating, \u201cWe have a great lineup of gas-powered, or what we call ICE vehicles that are available right now, and we have a great lineup of EVs that will continue to grow, and we\u2019ll be covering from a segment perspective and a range perspective, design, etcetera. So, we believe we\u2019re well positioned and will be customer-focused as we go through this transformation.\u201d<\/p>\n\n\n\n

The GM CEO obviously is committed to pushing EV\u2019s in the future and has embraced a \u201ctransition\u201d that is neither necessary nor one which is consumer-driven. That Cadillac is backtracking for now is likely only because they\u2019re taking it on the chin financially. This is the type of thinking that should be worrisome for shareholders as it appears politics, not the market, is in the driver\u2019s seat directing the company.<\/p>\n\n\n\n

In addition to questioning the CEO, CFACT\u2019s Neff also voted on some proposals that fit into the organization\u2019s wheelhouse. He voted in favor of a proposal that called into question the company\u2019s use of cobalt in their EV production \u2013 a process that invariably employs mines that use forced child labor, primarily in Congo. Additionally, he voted for a second proposal that would end corporate bonuses from being tied to EV targets. Bonuses incentivize managers and board members to push forward on these forced EV transitions even when consumer sentiment doesn\u2019t back it. While both proposals failed to gain a majority, it was important that other stockholders were made aware of these problems within GM.<\/p>\n\n\n\n

CFACT will continue holding corporate CEOs accountable if and when they put liberal, woke policy agendas ahead of shareholder interests.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

CFACT was present for the General Motors shareholder meeting on June 4th to both congratulate and then pose a question to company CEO Marry Barra about Cadillac\u2019s decision to pull back from its plans to go \u201call in\u201d on electric vehicles<\/p>\n","protected":false},"author":121246920,"featured_media":332371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691829139,691821977,691824250,691822953],"class_list":{"0":"post-332369","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-ceo-marry-barra","9":"tag-electric-vehicles-evs","10":"tag-general-motors","11":"tag-internal-combustion-engines","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0general-motors.webp?fit=1920%2C1080&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1osN","jetpack-related-posts":[{"id":329029,"url":"https:\/\/climatescience.press\/?p=329029","url_meta":{"origin":332369,"position":0},"title":"CFACT 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Shallow depth of field. Mark Zuckerberg was on the hot seat at a recent Meta (Facebook and Instagram) shareholder meeting. Resolutions calling for reports on lobbying, creating an independent chair, and constraints on his proposed \u201cMetaverse\u201d were all put\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Free-speech-figures-laptop.jpg?fit=847%2C565&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Free-speech-figures-laptop.jpg?fit=847%2C565&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Free-speech-figures-laptop.jpg?fit=847%2C565&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Free-speech-figures-laptop.jpg?fit=847%2C565&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":202023,"url":"https:\/\/climatescience.press\/?p=202023","url_meta":{"origin":332369,"position":5},"title":"BlackRock CEO Larry Fink responds to CFACT question at shareholders meeting","author":"uwe.roland.gross","date":"29\/05\/2022","format":false,"excerpt":"SAN FRANCISCO, CA JULY 1, 2018: BlackRock financial services logo outside of office in San Francisco At BlackRock\u2019s annual meeting of shareholders CEO Larry Fink was confronted with a question by CFACT on the highly controversial use of ESG scoring (Environmental, Social, and Governance) by the investing giant. 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