Fat cat pay at fossil fuel companies drives climate crisis – report
by Suzanne Goldenberg from on (#K7A4)
Huge CEO salaries at US firms incentivise expanding carbon reserves but not moves towards clean energy, says thinktank
Executive pay at fossil fuel companies rewards corporate behavior that deepens the climate crisis, and offers no incentive to shift towards renewable energy, a Washington thinktank said on Wednesday.
Executives at the 30 biggest publicly held coal, oil and gas companies in the US were paid more than leaders of other major corporations, about 9% higher than the S&P 500 average, the Institute for Policy Studies (IPS) found.
