PepsiCo’s Lobbying for Cap and Trade to be Hit at Annual Meeting

National Legal & Policy Center ^ | May 4, 2010 | Peter Flaherty

[jazusamo]

NLPC is sponsoring a PepsiCo shareholder proposal asking for a report on the company’s lobbying priorities. At the PepsiCo annual tomorrow in Plano, Texas, I will argue that the company’s lobbying priorities are seriously out of whack.

I will cite PepsiCo’s membership in U.S. Climate Action Partnership (USCAP), a coalition of corporations and environmental groups. USCAP’s mission is to “quickly enact strong national legislation to require significant reductions in greenhouse gas emissions.” The House of Representatives has obliged in the form of the Waxman-Markey bill that would destroy over 1.1 million jobs, hike electricity rates 90 percent, and reduce the U.S. gross domestic product by nearly $10 trillion over the next 25 years.

Corporate membership in USCAP has become controversial in the wake of the “Climategate” scandal, and as the prospects for cap and trade have ebbed. BP, ConocoPhillips, and Caterpillar have withdrawn from the group. I will propose that PepsiCo do the same.

PepsiCo distributes Aquafina, reportedly the largest-selling brand of bottled water in the United States. Bottled water has come under attack by the same people who push global warming alarmism. They argue that Aquafina is just tap water anyway, so it needlessly adds to carbon emissions to bottle it and truck it around.

Instead of defending the rights of its own customers to buy its product, PepsiCo seeks to appease these critics by jumping on the global warming bandwagon. It has even come up with something called the Eco-Fina bottle that uses 50% less plastic, saving an estimated 75 million pounds of plastic annually. Of course, the activists aren’t fooled, accusing PepsiCo of “greenwashing.”

So for PepsiCo, its a slippery slope. Once you accept the dubious premise that your plastic bottles made from petroleum are destroying the earth, you end up having to support grandiose plans to save it, which of course necessitates massive government intervention in the economy.

Like BP, PepsiCo runs TV ads picturing windmills. Instead of trying to pretend it is not an oil company (“Beyond Petroleum”), BP management should have focused on its core mission. It would have been a lot better for the environment had the spill not occurred. At least BP is an energy company. PepsiCo has no excuse. It should get back to its core mission.

[Spok]

If I drank their crap, I’d quit.

[mikelets456]

...and that is why I don’t drink Pepsi!

[jazusamo]

Ping!

[jazusamo]

Please bump the Freepathon and donate if you haven’t done so!

[netmilsmom]

Didnt they change their logo to look more like Obamas?

[Cricket24]

WHY would they do that? Once Cap & Trade is enacted, no one will be able to afford Pepsi! They’ll need the money to pay their utility bills! Maybe we’ll get a credit for Pepsi purchases on our tax return?????

[GeronL]

These major corporations are funding the left. We need to smack them around a bit.

[jazusamo]

I don't know when they did it but it's a ringer for Zer0's.

[cripplecreek]

They’ll just sell flat soda and make a killin on the carbon credits.

[jazusamo]

I haven’t the slightest idea other than they may think the Greenies will be good customers, I believe they’ll be surprised.

[Newton]

used to like pepsi..but won’t buy their stuff anymore....

[tongue-tied]

“Rum and Pepsi” just doesn’t cut it. Ya gotta have the real thing, Coke. And screw their logo change!

[Waco]

Cap and trade is a crimminal scam,, get yer head out Pepsi.

[jazusamo]

Working link:

PepsiCo’s Lobbying for Cap and Trade to be Hit at Annual Meeting

[FrankR]

The only time I ever drink a pepsi is when I'm in a restaurant that doesn't serve Coke...and I'm "forced".

But down here in the South, Pepsi is not that big anyway...Coke is king.

[Wild Irish Rogue]

PepsiCo Corporate Officers

Wahid Hamid
Senior Vice President, Corporate Strategy & Development

Wahid and Barry are old friends and roommates from the Occidental days.
Hamid was a wealthy foreign exchange student from Karachi, Pakistan.
Hamid and Mohammed Chandoo and his brother Ahmed ( IIRC ) , also Muslim foreign exchange students, traveled with Barry to Pakistan in the 1980s.
Wahid and Mohammed were big fundraisers for Barry in 2008 .
They all remain friends with Barry and were guests at Barry’s White House Ramadan dinner .

[jazusamo]

As a kid growing up in So CA Coke was the prevailing soda, Pepsi was there but wasn’t really preferred by anyone I knew, I still prefer it for it’s flavor.

It’s probably just in my head but Coke in 6oz bottles was best.

[jazusamo]

Thanks!...Another reason not to buy PepsiCo products.

[Tolerance Sucks Rocks]

Dear PepsiCo:

Die, corporate scum.

DЙЙMAGE!

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