97% Of Corporate Leaders Demand Rapid End To Fossil Fuels By 2035

A groundswell of corporate leadership is demanding rapid fossil fuel elimination by 2035, with a staggering 97% on board. Companies worth $1.6 trillion—including heavyweights like Ikea and Unilever—aren’t just feeling environmental guilt; they smell profit in renewables. Clean energy prices have plummeted. Coal’s on the chopping block first. Businesses aren’t playing nice either—threatening to relocate operations if governments drag their feet. The transformation’s happening, with or without politicians.

Business giants are throwing down the gauntlet on climate change. Over 260 companies with combined annual revenues exceeding $1.6 trillion have loudly declared they want fossil fuels gone. Not tomorrow. Not next decade. But by 2035. And they’re not being subtle about it.

The numbers are staggering. A whopping 97% of global mid-market and large business leaders support phasing out fossil fuels. Nearly 78% want a renewables-based electricity system by 2035 or sooner. Big names like Ikea, Nestle, Unilever, and Volvo are publicly demanding action. Not asking politely – demanding.

Why the rush? Simple. These companies aren’t tree-hugging environmentalists – they’re profit-seeking entities that have done the math. Renewable energy isn’t just better for the planet; it’s better for business. Stranded fossil assets? Energy insecurity? Economic disruption? No thanks. They’ve got shareholders to answer to.

The sentiment spans the globe. Business leaders across 15 countries – from the US to India, Brazil to Japan – are singing the same tune. It’s like they all attended the same PowerPoint presentation on climate risk. And in a way, they did – reality is the presentation.

From boardrooms in New York to offices in Tokyo, business leaders face the same climate reality—and they’re finally acting on it.

These corporations aren’t just talking. They’re planning. More than 43% of mid-sized and large businesses aim to kick coal to the curb by 2030. They’re developing science-based targets, implementing net-zero plans, and investing heavily in clean technology. They recognize that transitioning to net zero could enhance global GDP by 4% by 2030.

Their message to governments? Get with the program or we’ll take our business elsewhere. Seriously. They’re threatening to relocate operations if governments don’t step up with clear policy frameworks favoring renewables. Many executives have expressed that they would consider relocating their businesses if sufficient clean energy generation isn’t available in their current locations.

The economics make sense. Clean energy prices have plummeted. Markets are responding. Investments are flowing into net-zero solutions. The renewable energy sector has already added $320 billion to the global economy in 2022 alone.

The bottom line? Corporate America – and corporate everywhere else – has spoken. Fossil fuels are yesterday’s news. And 2035 is the expiration date. The question isn’t if we’ll shift away from fossil fuels. It’s whether governments will help lead the charge or get left behind.