GE Vernova Shareholders Demand Answers as Wind Power Loses Steam

19 May 2026 GE Vernova Shareholders Demand Answers as Wind Power Loses Steam

Washington, D.C. - At this week's annual meeting of GE Vernova shareholders, the General Electric energy spin-off will face harsh criticism about its sustainability goals from activist investors with the National Center for Public Policy Research's Free Enterprise Project (FEP).

Proposal 4 ("Sustainability ROI Audit") notes that many of the company's "major sustainability goals have been adopted or maintained without the type of traditional financial analysis-net-present value (NPV) or return-on-investment (ROI)-that would typically guide corporate decisionmaking for long-term capital allocation."

While presenting Proposal 4, FEP Executive Director Steve Milloy will tell shareholders:

Our company is losing money on wind turbines. We will continue to lose money for the foreseeable future. There is, in fact, no future in wind power. The Green New Scam subsidies that were counted on to sustain bird-chopping, if not whale-killing, wind turbines are going away.

Wind turbines make no functional or economic sense for the AI revolution or the re-industrialization of America. Every wind turbine installed makes our country that much more dependent on Communist China and its monopoly on rare earth mineral processing.

We are asking management to come to its senses and abandon the climate hoax and all its baggage - like junk wind technology, subsidies from taxpayers and inflation-causing higher electricity prices.

There is no honest profit in wind turbines and, right now, there is not even dishonest profit in wind turbines. There are only losses.

In its supporting statement for Proposal 4, FEP writes:

Producing the requested report would not restrict management's ability to pursue sustainability objectives, but it would require the Company to apply consistent financial discipline and transparency to those commitments or at least acknowledge when it will not or cannot. Requiring such oversight would strengthen accountability, align sustainability investments with shareholder interests, and ensure that the Company's environmental and social strategies are economically sustainable as well as operationally sound. It would also position GE Vernova as a governance leader among energy companies integrating sustainability into fiduciary frameworks.

GE Vernova shareholders can support Proposal 4 by voting their proxies before Wednesday's meeting.

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