The Labour Party’s Marxist Shadow Chancellor, John McDonnell, has threatened that businesses will be banned from the London Stock Exchange if they fail to act on climate change.
The Labour Party will make the issue of allegedly man-made climate change — a voter-friendly way of pushing hard-left redistribution politics — its “overriding priority”, according to far-left MP John McDonnell, who laid out a series of radical proposals for the climate and the economy, should Labour take control of Parliament.
“If we are meet the climate change target to keep global warming to 1.5 degrees above pre-industrial levels, we need to ensure that companies are pulling their weight alongside government,” he told an event in London on Tuesday.
Vowing to “rewrite the rules” of the economy, McDonnell said that under a Labour government, the Corporate Governance Code would “set out a minimum standard for listing related to evidencing the action being taken to tackle climate change”.
“For those companies not taking adequate steps under Labour they will be delisted from the London Stock Exchange,” warned McDonnel. read more