Share the Magic
If you have a little money squirreled away somewhere, maybe it’s time to take out stock in … an auto company. Thanks to a dedicated coalition of environmentalists who did just that, both General Motors and Ford Motors will be voting on global warming resolutions at their next shareholders meetings. Shareholder resolutions like the ones that will be considered by the car companies have been promoted by the Center for Environmentally Responsible Economies. CERES seeks to foster environmental accountability in U.S. businesses and believes that the failure to develop responsible global warming policies creates a huge potential for financial liability and amounts to abuse of shareholder trust. GM and Ford — the world’s largest automakers — will mail out statements regarding shareholder resolutions in the spring, and votes will take place in May and June.