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Generate AI Image →Insurance Giant USAA's CEO Dodges Questions on Fossil Fuel Investments, Veteran Homelessness In an interview on "Face the Nation", USAA CEO Juan Andrade sidestepped tough questions on the insurance behemoth's continued investments in fossil fuel projects that are accelerating climate change and har...
Insurance Giant USAA's CEO Dodges Questions on Fossil Fuel Investments, Veteran Homelessness
In an interview on "Face the Nation", USAA CEO Juan Andrade sidestepped tough questions on the insurance behemoth's continued investments in fossil fuel projects that are accelerating climate change and harming vulnerable communities. When pressed on why an insurer serving military members and veterans maintains a portfolio heavy on oil and gas companies, Andrade gave vague platitudes about "balancing stakeholder interests."
The CEO also had few satisfactory answers on what USAA is doing to address the crisis of veteran homelessness and lack of access to mental healthcare, despite the company's $200 billion in assets. "We've made some donations," Andrade meekly offered, failing to lay out any comprehensive plan commensurate with the company's resources and customer base.
Andrade's responses reveal the yawning gap between USAA's self-promotion as a socially responsible firm and the reality of its narrow pursuit of profits over ethics and equity. Like so many large corporations, USAA seems content to reap billions off the backs of its customers and community while doing the bare minimum on critical issues like climate action, homelessness, and healthcare access.
The public deserves better than deflections and inaction from a firm with immense means and a stated social mission of serving those who served. It's time for USAA to be held accountable to its purported values and start wielding its enormous assets and influence to help solve the profound systemic crises of our time. Our veterans, our planet, and our society's most vulnerable are owed nothing less.
In an interview on "Face the Nation", USAA CEO Juan Andrade sidestepped tough questions on the insurance behemoth's continued investments in fossil fuel projects that are accelerating climate change and harming vulnerable communities. When pressed on why an insurer serving military members and veterans maintains a portfolio heavy on oil and gas companies, Andrade gave vague platitudes about "balancing stakeholder interests."
The CEO also had few satisfactory answers on what USAA is doing to address the crisis of veteran homelessness and lack of access to mental healthcare, despite the company's $200 billion in assets. "We've made some donations," Andrade meekly offered, failing to lay out any comprehensive plan commensurate with the company's resources and customer base.
Andrade's responses reveal the yawning gap between USAA's self-promotion as a socially responsible firm and the reality of its narrow pursuit of profits over ethics and equity. Like so many large corporations, USAA seems content to reap billions off the backs of its customers and community while doing the bare minimum on critical issues like climate action, homelessness, and healthcare access.
The public deserves better than deflections and inaction from a firm with immense means and a stated social mission of serving those who served. It's time for USAA to be held accountable to its purported values and start wielding its enormous assets and influence to help solve the profound systemic crises of our time. Our veterans, our planet, and our society's most vulnerable are owed nothing less.