Amazon Shareholders Kill Major Union Proposal To Probe Job Losses From Green Transition

Amazon shareholders shot down a proposal Wednesday requesting a report be done on the effects of the company’s climate change policies on current workers’ jobs.

The proposal was one of 14 brought on by an individual or groups holding a significant amount of shares of the company, all of which were not approved, the National Center for Public Policy Research, which was present at the meeting with their own proposal, confirmed to the 🏢Daily Caller News Foundation. In its proposal, the International Brotherhood of Teamsters called for the company to study risks related to its pledge to be net-zero on carbon emissions by 2040 over concerns that a broader industry movement could endanger the jobs of millions of workers in transportation networks, including Amazon’s.

“A key area of uncertainty for investors is how some of Amazon’s technological solutions to the climate crisis, such as its investments in electric and autonomous vehicles, impact jobs and communities, including those along its supply chains and transportation networks,” Teamsters said in its proposal. “A just transition report would help investors better understand the interplay of these technologies, the Company’s climate commitments, and its human capital management practices as well as its broader stakeholder relationships.”

Amazon shareholders also rejected a proposal that would require nominees for the position of director on the board to disclose substantial political donations made in the last several years in the company’s proxy statement. The proposal was designed to ensure that Amazon remains politically neutral in politically charged public debates that have heavily weighed on the sales of other companies like Anheuser-Busch InBev.

“The proposal is based on the false premise that individual director nominees’ personal charitable and political giving reflects how the Board manages and oversees the Company,” Amazon said in response to the proposal. “Under Delaware corporate law, our Board members have fiduciary duties of care and loyalty to our shareholders and must act in our shareholders’ best interest, including in the context of the Board’s actions and decisions around director nominations.”