Rate It: GL/ISS sue Texas, Honolulu sues oil, Starbuck’s Mesopotamian employees, Hooters

Traditional

1. Glass Lewis, ISS sue Texas over law restricting use of ESG in proxy-voting advice

2. Italian court allows climate lawsuit against energy giant to proceed

1. Italy’s highest court has given the green light to a lawsuit against the oil giant Eni for its role in warming the planet, rejecting the company’s motion to dismiss the case. The environmental groups Greenpeace Italy and ReCommon, along with 12 Italian citizens filed suit in 2023 against the state-controlled oil producer for “past and potential future damages resulting from its contribution to climate change.”

1. Honolulu’s lawsuit against fossil fuel companies leads climate change legal fight

1. Honolulu’s lawsuit is further along than similar litigation across the country. A hearing on Tuesday will indicate how these fights play out in court. In 2020, Hawaii’s capital city sued major oil companies, including ExxonMobil, Shell and Chevron, arguing they knew for nearly half a century that fossil fuel products create greenhouse gas pollution that warms the planet and changes the climate. The companies have also profited from the consumption of oil, coal and natural gas while deceiving the public about the role of their products in causing a global climate crisis, the lawsuit says.

1. Rhode Island is the first state to provide menopause accommodations at work

1. Citing New Rules, Meta Says It Will End Political Ads in E.U.

1. Beginning in October, the company will stop ads related to political, electoral or social issues, it said in a release, citing a forthcoming E.U. regulation around the transparency of political advertising

1. The Country Where 76% of Cars Sold Are Electric

1. Nepal; 20% worldwide 20%; Norway 92%; US 10%

Speed Round

1. Is this good because a headline not affiliated with Free Float is saying it out loud?: Starbucks CEO Brian Niccol made 6,666 times more than the median employee at his coffee chain last year

1. Sub-score: Is this also good because they actually named the CEO in the headline?

1. Is this good because a CEO is connecting consumer prices to Trump's tariffs?: Procter & Gamble CEO says Trump tariffs are causing the company to hike prices on shoppers

1. Is this good because a CEO is saying something about AI that is not corporate gobbledygook?: Bluesky's CEO warns you shouldn't 'fully outsource your thinking' to AI

1. Is this good because JD Vance agrees with me?: JD Vance calls out Big Tech for firing Americans while hiring cheap foreign H-1B visa replacements

1. Is this good because Hooters is gross?: Hulk Hogan’s death could be bad news for Hooters

Is this good for Free Float Media?: Young people aren’t anti-capitalist. They’re just sick of corporate hypocrisy