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General Electric CEO Jeff Immelt has finally renounced advocacy of global warming legislation

Victory! GE’s Immelt surrenders on climate



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.

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Steve Milloy——

Steve Milloy publishes JunkScience.com and GreenHellBlog.com and is the author of Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them

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