How big is the silent cadre of corporate executives who harbour doubts about the push to reshape the corporate world? Read more.
. “That silent majority is wondering whether EVs are really OK to have as a single option. But they think it’s the trend so they can’t speak out loudly.”Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
But another industry CEO has broken his silence. Paul Philpott, head of the British subsidiary of South Korean automaker Kia,the other day that, “The electrification of the small car is really difficult, economically speaking.” In Philpott’s view, the high cost of producing batteries and other aspects of EV manufacturing and operation mean that cheap EVs are not viable, at least under the tight political deadlines set by regulators.
Another example: Mark Bristow, CEO of Toronto-based Barrick Gold Corp., told the Financial Post’s Naimul Karimthat government policies fashioned at climate conferences and at Davos in the Swiss Alps are “myopic” and nonsensical. Deglobalization of the world “makes no sense to me,” said Bristow. “The global outlook is developed by people that live in sophisticated homes that are super-efficient that can afford to not worry about power.
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