Honeywell starts to push the fake sustainability and carbon offset wealth transfer scheme.
Every time they publish a press release about it our stock takes a hit.
Good luck Mr. ceo. Your job is stockholder value and it isn’t looking good.
Expect some “efficiency measures” next quarter to counter the “sustainable unprofitably”
Large corporations are being forced by banks and investors to comply to new standards or they lose access to funding. These standards/indexes are DEI (diversity, equity and inclusion), CSR (corporate social responsibility) and ESG (environmental, social and governance). Corporations are rated on these which is why you have seen this sudden desperation by US corps to appear woke and environmentally concerned.
They will lose access to cheap money and funding if they don't comply to certain protocols. It is corporate blackmail on which a new business is being built upon.
Whilst on the surface you may imagine there is good intention behind this however
remember these are banks and investment firms we are talking about.
It is social engineering, it is a grift and don't think for one moment it will benefit 'the people', it NEVER does. There is a system of huge profiteering setup for this and it will be you who loses out on it no matter what your politics or socio-background may be.
This one must have hit a bit too close to home.
Hired the script kiddies.
Wake up folks... we are in the OIL business.
Feels like a Target moment coming , not soon, but inevitably.
Per al gore, wasn't the WORLD going to end, in 10 years...and that was 1998? The "hole" in the Ozone (yea, the one not there anymore), "We all need to lower our carbon footprint", AG (yea, flying around in his Gulfstream 5, getting B-jobs from Thai massage teens), promoting "All electric cars" (and demoRats giving Tesla a $36K PER CAR TAX SUBSIDY)...IT IS ALL, 100% A LIE, ALL THE ENVIRONMENTAL EXTREMISTS, "Sustainability", "Carbon Offset", and only m0r0ns believe any of it. honeyhe11 will END in India, being run by a bunch of dots, good riddance.
Who are the clueless noobs who downvote this?
So sad that you think honeywell does anything that isnt regulatory.
Bottom line is that they got early notice the carbon market has been approved.
This strategy happened rightafter darius was at davos. Coincidence? I think not.
Company Lease cars are not electric in Europe yet. Too expensive for Honeywell. What a Joke.
Let the smoke and mirror accounting begin. Save two ounces in weight? I bet that is 10,000 kg of fuel over the next fifty years!
Wait… how about we close all the manufacturing sites in Europe where power is expensive and report 100M is energy reductions!
Busses for our employees in Bangalore are really polluting. Let’s tell them to ride bicycles and stop the bus service! That saves a bunch.
Solar panel parking covers? No way … far too expensive we will never do that anywhere but executive lots. There is one particular Porsche that requires a cover…