On May 25, 2022, E&E Legal Senior Policy Fellow and Junkscience.com Founder Steve Milloy presented a “shareholder proposal to end all shareholder proposals” at the ExxonMobil annual meeting. Read more about his proposal here. All CEO Darren Woods could utter in response was something like, “We support shareholder rights.” So do we — but actual shareholders, not the fake shareholders trying to subvert the company.

Following is Milloy’s statement at the Annual Meeting:

Good morning my name is Steve Milloy.

Well… here we are again… at the ExxonMobil annual circus.

ExxonMobil produces petroleum products that the world desperately needs… and will need much more of in the future.

Things have been great for shareholders.

If you kept you head when everyone else lost theirs in 2020, you’d have a 200% return on your investment and an 11% dividend.

It’s been fantastic.

But there is a cancer on ExxonMobil.

That cancer is climate activist shareholders.

Last year’s annual circus witnessed the election of a bloc of climate activists to the board of directors.

A couple more elections like that… and climate activists will run the company.

That endangers ExxonMobil and us genuine shareholders.

Say goodbye to the dividend.

And then… can a stock price crash be far behind?

The activists don’t want ExxonMobil to be an oil company.

They view it as a political chess piece to be captured… and then used to advance their twisted junk science-fueled climate agenda.

Don’t believe it?

Just listen to the five climate activist proposals coming after mine.

They don’t want ExxonMobil to sell oil and gas. They want to kill the company over climate idiocy.

You may think these are harsh words. But I defy anyone to prove them wrong.

I have introduced what I call the shareholder proposal to end all shareholder proposals.

My proposal tells management that we, the genuine shareholders, want ExxonMobil to remain a highly profitable oil company.

To do that… we must stop ExxonMobil-hating activists from turning the annual meeting into a climate clown show so they can take over the company.

I first introduced this proposal 14 years ago.

Now… as then… management placed my presentation before those of the climate crazies.

I’d like to think it’s because management secretly hopes my proposal wins.

But I can’t be sure because management has spent the last 17 years appeasing climate idiocy and incubating the cancer that now threatens the company.

You see… while management is really great at producing oil, when it comes to the realities of climate… and the politics of fighting the activist cancer, they suck really bad.

So it’s up to us, the genuine shareholders.

Tell management you want to cure the cancer on our company.

Once ExxonMobil is in remission, we can bring back shareholder proposals.

This doesn’t have to be forever. But it has to be for now.

Imagine that we could meet and celebrate the success that ExxonMobil is…versus listening year-after-year to the ill-intentioned malignancies that will follow me today and as they try to kill our golden goose.

It’s up to us. No one is coming to our rescue. And our slow-witted management will only help if we tell it to.

Climate hysteria is a giant hoax.

Think about the dividend. Think about the share price if the dividend and oil production are cut.

Are you willing to surrender those to a politically-driven hostile takeover?

Vote FOR proposal #5 and against the cancer.

Thank you for listening.