Blog de Paul Jorion

12 réponses à “Veille effondrement #108 – Les manifestants français à la COP26 à Glasgow”

1. 

   Hervey

   01 novembre 2021 19h39

   Portrait en coulisse, le thermomètre dans la bouche et une bouillotte sur le crâne.
   (:-))
   Un moment de bascule ?

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2. 

   arkao

   01 novembre 2021 19h54

   Plus de journalistes que de manifestants. C’est tout dire.

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   1. 

      Marcel

      01 novembre 2021 22h11

      Ce n’est que le premier jour, et puis aussi le choix de titrer « les manifestants français » au lieu de « des manifestants français » contribue à cet effet de bizarre… Manifestement, un petit groupe d’activistes ayant donné rendez-vous aux médias intéressés. Ce qui tend certes à indiquer que ces derniers n’ont pas mieux à se mettre sous la dent.

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3. 

   timiota

   01 novembre 2021 21h47

   Cop26 forcément fumeuse au pays de James Watt …

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4. 

   Michel

   02 novembre 2021 8h46

   Ça se réchauffe? Pas grave. A La Mecque, ils ont la clim’.
   https://theconversation.com/avec-le-rechauffement-climatique-letre-humain-va-atteindre-ses-limites-de-resistance-a-la-chaleur-169882

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5. 

   Michel

   02 novembre 2021 10h03

   Je les trouve pour une fois bien gentils avec Macron, les « contestataires ». Si l’on tient compte du bilan import – export, la France est totalement à côté de la plaque pour ses émissions de CO2 (sans parler de la protection du Vivant), et pour un bon moment encore, même avec la soi-disant « transition ». Qu’elle ne soit pas la seule ni même la pire, et pour ne considérer que l’Europe, n’est pas une raison pour fanfaronner -mais que sait-il faire d’autre, cet homme?- devant les grands de ce monde.
   https://reporterre.net/Macron-fait-la-lecon-les-ecologistes-le-critiquent
   Quant aux « engagements » de l’Inde de l’ultra Modi, ils paraissent bien lointains par rapport à ce qui les attend. Ils ont vraiment le feu au c…; une bonne partie du sous-continent va devenir littéralement invivable, quoi qu’ils fassent (et nous avec eux). Ça ne fera jamais que quelques centaines de millions d’humains à déplacer. En Sibérie? Ça risque d’être déjà occupé par les Chinois.
   https://theconversation.com/nos-projections-climatiques-pour-lan-2500-montrent-que-la-terre-sera-inhospitaliere-pour-les-humains-169977

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6. 

   Michel

   02 novembre 2021 10h13

   Tout le monde pollue. Moi aussi. Mais y’en a qui polluent plus que d’autres.
   https://theconversation.com/plusieurs-pays-dont-le-canada-ont-epuise-leur-budget-carbone-ils-doivent-dorenavant-donner-lexemple-170678

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   1. 

      daniel

      02 novembre 2021 15h00

      « Ils doivent donner l’exemple »:

      Je crains que ce ne soit pas possible…

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      1. 

         timiota

         03 novembre 2021 0h03

         En effet, ça va pas le faire.
         https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3899421

         Abstract

         Amid growing concerns for the effects that corporations have on stakeholders, supporters of stakeholder governance encourage society to rely on corporate leaders to use their discretion to protect stakeholders, and they seem to take corporate pledges to do so at face value. By contrast, critics of stakeholder governance question whether corporate leaders have incentives to protect stakeholders and doubt the reliability of pledges by corporate leaders to do so. We provide empirical evidence that can contribute to resolving the debate between these rival views.

         The most celebrated pledge by corporate leaders to protect stakeholders was the Business Roundtable’s Statement on the Purpose of a Corporation (the “BRT Statement”). Signed by CEOs of most of the country’s major companies, the BRT Statement expressed a commitment to deliver value to all stakeholders and not just shareholders and was widely viewed as a major milestone that would usher in a new stakeholder capitalism and significantly improve the treatment of stakeholders. If any companies could be expected to follow through on stakeholder rhetoric, the companies whose CEOs signed the highly visible BRT Statement would be natural candidates to do so, and they thus provide an instructive test case for an empirical investigation.

         To investigate whether the BRT Statement represented a meaningful commitment or was mostly for show, we review a wide array of hand-collected corporate documents of the over 130 U.S. public companies that joined the BRT Statement (the “BRT Companies”). We present the following six findings:

         First, examining the almost one-hundred BRT Companies that updated their corporate governance guidelines in the sixteen-month period between the release of the BRT Statement and the end of 2020, we find that they generally did not add any language that improves the status of stakeholders and, indeed, most of them chose to retain in their guidelines a commitment to shareholder primacy;

         Second, reviewing all the corporate governance guidelines of BRT Companies that were in place as of the end of 2020, we find that most of them reflected a shareholder primacy approach, and an even larger majority did not include any mention of stakeholders in their discussion of corporate purpose;

         Third, examining the over forty shareholder proposals regarding the implementation of the BRT Statement that were submitted to BRT Companies during the 2020 or 2021 proxy season, and the subsequent reactions of these companies, we find that none of these companies accepted that the BRT Statement required any changes to how they treat stakeholders, and most of them explicitly stated that their joining the BRT Statement did not require any such changes.

         Fourth, reviewing all the corporate bylaws of the BRT Companies, we find that they generally reflect a shareholder-centered view;

         Fifth, reviewing the 2020 proxy statements of the BRT Companies, we find that the great majority of these companies did not even mention their signing of the BRT Statement, and among the minority of companies that did mention it, none indicated that their endorsement required or was expected to result in any changes in the treatment of stakeholders;

         Sixth, we find that the BRT Companies continued to pay directors compensation that strongly aligns their interests with shareholder value. Furthermore, we document that the corporate governance guidelines of BRT Companies as of the end of 2020 commonly required such alignment of director compensation with stockholder value and generally avoided any support for linking such compensation to stakeholder interests.

         Overall, our findings support the view that the BRT Statement was mostly for show and that BRT Companies joining it did not intend or expect it to bring about any material changes in how they treat stakeholders. These findings support the view that pledges by corporate leaders to serve stakeholders would not materially benefit stakeholders, and that their main effect could be to insulate corporate leaders from shareholder oversight and deflect pressures for stakeholder-protecting regulation. Stakeholder governance that relies on the discretion of corporate leaders would not represent an effective way to address growing concerns about the effects corporations have on stakeholders.

         This paper is part of a larger research project on stakeholder capitalism of the Harvard Law School Corporate Governance. Other parts of this research project are The Illusory Promise of Stakeholder Governance by Lucian A. Bebchuk and Roberto Tallarita, and For Whom Corporate Leaders Bargain by Lucian A. Bebchuk, Kobi Kastiel, and Roberto Tallarita.

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7. 

   Michel

   02 novembre 2021 18h27

   Les petites mains comptables du désastre (ambiance soviétique garantie). Un chiffre fait frémir: dans la péninsule du Taïmyr, plus de un degré de plus de température moyenne en une décennie.
   https://reporterre.net/Perdue-en-Siberie-une-station-meteo-observe-le-rechauffement-climatique

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8. 

   Michel

   03 novembre 2021 20h54

   Lui ça fait cinquante ans qu’il manifeste, à sa façon. L’était pas invité à Glasgow.
   https://www.sismique.fr/post/77-la-fin-de-la-croissance-dennis-meadows

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9. 

   François M

   05 novembre 2021 0h15

   Notre donneur de leçons « make our planet great again » a la main qui tremble quand il faut signer….
   https://www.lemonde.fr/planete/article/2021/11/04/a-la-cop26-plusieurs-pays-dont-les-etats-unis-et-le-canada-s-engagent-a-cesser-de-financer-les-energies-fossiles-a-l-etranger_6100935_3244.html

   C’est le problème des beaux-parleurs…

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