Activists press Redmond to come clean on ‘material reputational, legal, and operational risks’
Microsoft shareholders may be exposed to the"material financial risks" from its links with the fossil fuel industry, which the megacorp identified as the top growth target for its AI and cloud computing services.This is despite the fact that immediate reductions in greenhouse gas emissions are necessary in order to meet the commitments of the Paris Climate Agreement and avoid the most damaging economic consequences of the predicted climate changes.
As You Sow goes further in the filing, claiming that Microsoft is selectively reporting on the climate-positive applications of its tech services, while omitting to mention the risks of using the same tech to boost extraction of fossil fuels. We asked Microsoft for comment and a spokesperson told us:"Unfortunately, Microsoft is politely declining to comment at this time."that if a company chooses to harness AI to expand oil and gas extraction, it can no longer rightfully claim to be pursuing its own net zero goals, or the goals of the UN Paris Agreement.
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