This article presents a network analysis of elite interlocks among the world's 500 largest corporations and a purposive sample of transnational policyplanning boards. The analysis compares the situation in 1996 with 2006 and reveals a process of transnational capitalist class formation that is regionally uneven. Network analysis points to a process of structural consolidation through which policy boards have become more integrative nodes, brokering elite relations between firms from different regions, especially Europe and North America. As national corporate networks have thinned, the global corporate-policy network's centre of gravity has shifted towards Europe, both at the level of individuals and organizations. Although this study finds a modest increase in participation of corporate elites from the Global South, a North Atlantic ruling class remains at the centre of the process of transnational capitalist class formation.
In this article, I analyse the corporate hegemonic structures of power underlying the project of climate capitalism. I present climate capitalism as an emerging regime of accumulation founded on carbon markets and the ecological modernization of production, which could replace the prevalent carboniferous capitalist regime and provide a deeply needed reduction of carbon emissions. I map out the network of corporate-funded climate and environmental policy groups participating in climate capitalist knowledge production and mobilization to provide a critical appraisal of the possibility of such a transition. The positioning of these policy groups allows them to play a crucial role as intermediaries between regional and sectoral corporate interests and they provide a crucial link between energy and financial firms. However, energy-finance linkages are sparse, and a small number of individual capitalists carry a relatively thin network from the fossil fuel and nuclear sectors. These findings cast doubt on the hypothesis that a strong climate capitalist coalition is emerging.
This paper explores the political involvement of transnational corporations and their directors in elaborating the project of 'climate capitalism' advanced to address climate change. Climate capitalism seeks to redirect investments from fossil energy to renewable energy generation, so as to foster an ecological modernization of production and reduce greenhouse gas (GHG) emissions. I use social network analysis to assess the potential for climate capitalism, as a project of a section of the corporate elite, to replace the current 'carboniferous capitalist' regime. Corporate-funded climate and environmental policy groups (CEPGs) constitute major venues for the corporate elite to assemble and plan their response to the climate crisis. By mapping out the network of board-level interlocks between CEPGs and the largest transnational corporations, I first find that certain CEPGs are centrally located among the global intercorporate network, and thus well positioned to promote climate capitalism among the corporate elite. Second, I delineate a climate capitalist inner circle that includes the individual members of the corporate community who arguably are able to exert the greatest power to shape climate capitalism. However, many of them, close to the oil and nuclear sectors, may support a long-term transition away from fossil fuels, incompatible with avoiding dangerous climatic warming.
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