E&E Legal Senior Policy Fellow and Junkscience.com Founder
As appearing on Junkscience.com
My presentation is below. Xcel Energy’s proxy statement (containing my proposal and management’s response) is here. [Update; Similar presentations were also made at the May 20 meetings of DTE Energy and Alliant Energy shareholders.]
Good morning, my name is Steve Milloy.
Fellow shareholders, my proposal is about honesty and accountability from management.
Honesty and accountability are the key legal duties management owes us.
But we are not getting either.
I am asking that management report to us on what is being accomplished by spending money on emissions cuts that are not mandated by the government.
For example, management has committed to zero emissions by 2050.
Meeting that goal is impossible… if not just foolish… and certainly it will never actually be enforced… unless we are to live without electricity.
The grid cannot be operated without the reliable and affordable baseload power provided by coal, natural gas and nuclear power.