Full Title: Money to Burn: How CEO Pay is Accelerating Climate Change
Author(s): Sarah Anderson, Chuck Collins, and Sam Pizzigati
Publisher(s): Institute for Policy Studies
Publication Date: 09/2015
Full Text: ->DOWNLOAD DOCUMENT<-
Beating the S&P 500 average: CEOs of the 30 largest U.S. publicly held oil, gas, and coal companies averaged $14.7 million in total 2014 compensation, over 9 percent more than the $13.5 million S&P 500 CEO average. The top executives at ExxonMobil and ConocoPhillips each earned more than twice the S&P 500 average.
Five years, $6 billion: The management teams of America’s top 30 fossil fuel giants — the CEO, CFO, and next three highest-paid officers of each company — have together taken home nearly $6 billion over the past five years.
• At the international level, $6 billion would be enough to double the current $3 billion U.S. pledge to the Green Climate Fund, the new institution tasked with helping our globe’s most vulnerable nations — and their more than 1 billion residents — address their most pressing climate change challenges.
• In the United States, $6 billion could cover the cost of weatherizing the homes of 3,321,881 low-income families or installing the residential solar panels that would leave 269,342 homes energy independent.