Toyota doesn’t want you to hear about its anti-climate lobby

The Prius was a revolutionary advance in reducing exhaust emissions, but since the model’s introduction in 1997, Toyota has stalled somewhat. For years, the group has been campaigning against subsidies for electric cars and other measures to reduce emissions.

Toyota just doesn’t want you to know that. Some European investors — who own $400 million in shares — have tried to get the company to be more open about its climate lobbying activities. Vain.

Toyota asked shareholders to vote against it

According to the Reuters news agency, the proposal by European investors had no chance beforehand. Toyota’s board of directors has advised several other shareholders to vote against it. And they did.

Toyota claims to meet all Tokyo Stock Exchange governance requirements. Yes, undoubtedly, but that has nothing to do with being outspoken or not lobbying against environmental laws.

We are not reacting quickly enough to the popularity of electric vehicles

“But still,” writes Reuters, “it [mislukte] The proposal emphasized Toyota’s EV strategy.” Investors and activists believe the brand is not reacting quickly enough to the popularity of electric vehicles. Although it has just launched an ambitious electric strategy.

Toyota claims that electric vehicles are just one element in reducing global CO2 emissions from transportation. The manufacturer continues to believe in hybrids and hydrogen technology. Partly rightly so, of course, because large parts of the world are not yet ready for electric cars.