Energy 1 August 2012 Why is Boris Johnson promoting climate change "sceptics"? The Mayor of London's championing of Matt Ridley raises questions over his commitment to science. Print HTML On Thursday, Boris Johnson will host the second of the Mayor of London 2012 Debates, which he claims are "London’s intellectual contribution to the [Olympic] Games", and "will help define London’s vision for the next 15-20 years". The title of the second debate is The Environment Imperative, and the Mayor’s website introduces it with the question: "How can London develop approaches to climate mitigation [sic] either as an economic response or in shaping the climate for investment in technological responses?" This is an important question. But the Mayor has made a bizarre choice of individual to answer it. The keynote speaker is Dr Matt Ridley, whom the website describes as “a renowned science writer, journalist, biologist, and businessman”. Dr Ridley is all of these, but the website neglects to mention a few other important attributes of the speaker. The first is that his primary experience as a businessman was acquired as Chairman of Northern Rock bank, until his resignation in October 2007 in the wake of its catastrophic failure. In its report on the bank, the House of Commons Treasury committee concluded: "The high-risk, reckless business strategy of Northern Rock, with its reliance on short- and medium-term wholesale funding and an absence of sufficient insurance and a failure to arrange standby facility or cover that risk, meant that it was unable to cope with the liquidity pressures placed upon it by the freezing of international capital markets in August 2007....The non-executive members of the Board, and in particular the Chairman of the Board, the Chairman of the Risk Committee and the senior non-executive director, failed in the case of Northern Rock to ensure that it remained liquid as well as solvent, to provide against the risks that it was taking and to act as an effective restraining force on the strategy of the executive members." So Dr Ridley’s track record of dealing with the risks facing a business hardly gives cause for confidence in his expert advice about managing the global threat of climate change. Even more disconcerting is Dr Ridley’s affiliation to the Global Warming Policy Foundation, the pressure group set up by Nigel Lawson to campaign against the government’s climate and energy policies. Dr Ridley is a member of the Foundation’s Academic Advisory Committee, and wrote a report for it which hyped the potential of shale gas. Dr Ridley has been a very enthusiastic promoter of shale gas, but has been prone to exaggerating its contribution to recent falls in greenhouse gas emissions by the United States. He also hates wind power with a passion. In a recent polemic for the Spectator, Boris Johnson’s former stomping ground, Dr Ridley falsely alleged that wind farms may increase greenhouse gas emissions. He then went on to announce that he was offering £8,500 a year from his personal wealth, not to compensate those who were left out of pocket by the Northern Rock fiasco, but instead to sponsor a new award, administered by the magazine, for "environmental heresy". Not only is Dr Ridley profoundly opposed to some, if not all, of the renewable technologies that might help London reduce its greenhouse gas emissions, but he also plays down the risks that climate change poses. For instance, in a Times column (£) last month, he suggested that global warming has so far had relatively little impact on the UK. But he failed to acknowledge that seven of the warmest years on record have all occurred since 2001, or that by the time we can statistically detect the effect on extreme weather, it would be very difficult, if not impossible, to reduce the elevated concentrations of greenhouse gases in the atmosphere that are responsible. It seems Dr Ridley does not realise that a responsible and effective approach to managing risks requires action in advance to avoid the most damaging consequences. At the very least, Johnson is missing a massive opportunity to stimulate public debate about how London might lead on climate change, which his strategy seeks to deliver. At the worst, it is a sign that the Mayor is in thrall to a very small band of climate change "sceptics", who could fill his head with inaccurate and misleading nonsense. Dr Ridley’s recruitment as a keynote speaker is not the only sign of this. Last month, the Mayor used his Telegraph column to promote the views of his friend Piers Corbyn, who has a small business offering weather forecasts. Corbyn is also a staunch climate change "sceptic", who denies that greenhouse gases are causing global warming. London is home to many businesses and academic institutions that host genuinely world-class experts on climate change. Why is the Mayor not seeking their counsel instead of a fringe group of "sceptics"? › Nine tweeters who think Al Gore died today Boris Johnson: in thrall to a very small band of climate change "sceptics"? Photograph: Getty Images. Bob Ward is policy and communications director of the Grantham Research Institute on Climate Change and the Environment at London School of Economics and Political Science. More Related articles What does one read to cope with recent Earth-Shattering events? Diane James quits Ukip seven weeks after quitting the leadership too Theresa May just scrapped her own brilliant pro-business idea Subscription offer 12 issues for £12 + FREE book LEARN MORE Close This week’s magazine
Show Hide image The Staggers 21 November 2016 Theresa May just scrapped her own brilliant pro-business idea In Germany, workers on boards are common. Print HTML In October, at the Conservative Party Conference, Theresa May promised that companies would be required to put workers on their company boards. Her reasons for doing so were clear: “Too often the people who are supposed to hold big business accountable are drawn from the same, narrow social and professional circles as the executive team. A change has got to come. So later this year we will publish our plans to have not just consumers represented on company boards, but workers as well.” Fast forward eight weeks and her tune is very different. Speaking to business leaders at the CBI’s annual conference today, May said it now wouldn’t be mandatory for companies to have worker representatives in their boardrooms. If this turns out to be the case, Britain will be missing a huge trick. In many of Europe’s most successful economies, worker representation on company boards is an accepted and valued way of doing business. Last month Warren East, the chief executive of Rolls Royce, cited the example of Germany, where workers on boards are common: “We have nearly 20 per cent of our workforce in Germany, so are well-acquainted with worker representation," he said. "It could be an extra channel to communicating with the workforce. Gone are Victorian days of managers and workers." Mr East is spot on. It has been widely recognised that having a wide range of voices in the boardroom improves decision-making and avoids the curse of groupthink. Those working on the shop floor have a clear interest in the long-term success of their company. And their direct experience of working with customers and suppliers gives them insights and a perspective that the non-executive directors round the table do not have. Having workers on company boards is not something ministers, or UK companies for that matter, should fear. Countries with greater worker representation perform better on a whole range of measures, including research and development and employment rates. And they do better at reducing poverty and inequality. There is no compelling reason for the UK not to follow suit. Having workers on company boards is not anti-business. On the contrary, it helps companies function more effectively and plan better for the long term. Take the example of First Group, which has had an employee director on its board since the company was created in 1989. This is what the company has to say about its experience: “Directors and workers alike find Employee Directors invaluable in providing a closer link between the depot and the boardroom.” The TUC believes that worker board representation should be mandatory companies with 250 or more staff. This would cover approximately two-fifths of the private sector workforce and implementation could be phased in, starting with the largest companies (as occurred, for example, with pension auto-enrolment). It is vital that working people are able to make a real difference to the culture, discussions and decisions of company boards, and this will be much harder to achieve if their voices are shut out of the boardroom. Theresa May must not jettison her signature policy to tackle greed and misbehaviour at big firms. Frances O'Grady is the General Secretary of the TUC. More Related articles Diane James quits Ukip seven weeks after quitting the leadership too Is Francois Fillon Marine Le Pen's dream opponent? No, John McDonnell, people earning over £42,000 have not been "hit hard" by the Conservatives