At Ace of Spades HQ, Dave in Texas flags news from the Exxon Mobil shareholders’ meeting:
Exxon Mobil Corp. chairman and CEO Rex Tillerson will retain both of those jobs at the world’s biggest publicly traded oil company after a highly public, Rockefeller-led push to separate the roles that failed again Wednesday.
***
That said, none of the 17 shareholder proposals considered at the three-hour meeting received enough support to pass, and all were opposed by the Exxon Mobil board.
Introduced primarily by environmental-minded investors and shareholder activists, they sought such things as quantitative goals for reducing greenhouse gas emissions, shareholder input on executive compensation and a report on the likely consequences of climate change for developing countries and poor communities between now and 2030.
Dave adds that “the chief complaint of John D.’s descendants is ExxonMobil’s stubborn insistence on being an oil company and not ‘investing enough’ on alternative energy research.”
On the other hand, the Guardian reports:
The oil giant Exxon Mobil has admitted that its support for lobby groups that question the science of climate change may have hindered action to tackle global warming. In its corporate citizenship report, released last week, Exxon Mobil says it intends to cut funds to several groups that “divert attention” from the need to find new sources of clean energy.
Sometimes you win, sometimes you get thrown under the biodiesel-burning bus. At least the latter is accompanied by the mouth-watering scent of french fries!
Back in the late 80s, my grade school ran its buses on some alternative fuel that, swear to God, smelled like Elmer’s Glue.
Maybe they should just buy some more stock.
Which, I suppose, would make them accomplices of global warming, but at least unwilling progressive accomplices.
Hey! They need to get with the program. It’s not “global warming”, it’s “global climate change”. Since the global climate has been cooling for the last 10 freakin’ years, calling it “warming” makes them look stupid.
It is like the Rockefellers do not want the current folks to succeed. They already got theirs, no need to let any little people get theirs. Maybe it is just familial institutional guilt at becoming uber-rich while raping Mother Gaia for decades. ;-)
Maybe it is just familial institutional guilt at being born uber-rich while raping Mother Gaia for decades. ;-)
Fixed it for ya.
;^)
Electric cars
Nuclear power plants
’nuff sed
Don’t let ’em fool you, rarely does some expensive environmental policy come down the pipe with which Exxon isn’t fully on board, regardless of its merits. They’re Exxon, they can afford the increased costs imposed by government micro-regulation. Their smaller competition? Not so much…
yours/
peter.
Electric cars
Nuclear power plants
’nuff sed
Word.
Tomorrow, I think we need a lesson on the difference between energy sources, and energy storage.
I am too fucked up at the moment.
Neither does Tyson Chicken.
And I’ll bet Exxon doesn’t manufacture a lot of low-cost, high-quality cookware, either.
Waste Exxon Mobil resources on expensive alternative energy pies-in-the-sky while depleting the value of my 401K, thus increasing the probability that I die off early. Sounds like a plan. Do I get a vote?