Environmental Leader: Exxon’s Shareholders Want the Oil Giant to be More Transparent and Climate Friendly

/, Conflict of Interest, Media Coverage, RICO, Shareholder Proposal/Environmental Leader: Exxon’s Shareholders Want the Oil Giant to be More Transparent and Climate Friendly

by Ken Silverstein
Environmental Leader

Just as the president has said the United States would eventually withdraw from the Paris climate accord, the shareholders of the world’s biggest oil company made a very different statement: Exxon Mobil Corp. must increase its transparency and reduce its CO2 releases.

It’s a non-binding proposal that Exxon’s management said it would abide by, although at this early stages has not said how it would do so. Already, the company has asked President Trump remain in global climate change talks. Exxon, of course, is also a major producer of natural gas that is now the primary fuel used in electric generation and one that is helping to reduce the nation’s overall carbon footprint…

Those efforts, however, are drawing criticism from free-enterprise groups, which are  calling the moves politically motivated…

“The offices of New York Attorney General Eric Schneiderman (D), and other politically-aligned AGs, secretly team[ing] up with anti-fossil fuel activists in their investigations against groups whose political speech challenged the global warming policy agenda,” E&E Legal said it earlier.

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