"#Exxon’s Canadian subsidiary #ImperialOil [claim] that carbon capture and storage is “critical” to achieving the “climate goals outlined in the Paris Agreement” ... has been removed in recent weeks from the Imperial site following the passage in late June of new anti-greenwashing legislation in #Canada, according to a DeSmog analysis. "
Known as Bill C-59, the legislation [imposes] penalties of up to $10 million for false statements."
#Exxon remains the largest US producer of #oil and #gas and the biggest emitter of CO2 among investor-owned companies. The Texas-based company also has the weakest #emissions-reduction targets among the world’s “oil supermajors,” according to Carbon Tracker https://buff.ly/4akfWo4
"The Dutch Senate on Tuesday approved a law to permanently close the #Groningen gas field, following the government's promise that production will never be resumed to limit seismic risks in the region.
"Gas profits have delivered an estimated 363 billion euros ($385 billion) to the Dutch treasury since production started in the 1960s, while #Shell and #Exxon's profit from #Groningen was around 66 billion euros during that period."
Gas brought the Dutch a higher living standard, financed the Delta Works coastal storm barrier, and made the #Netherlands a poster child for Dutch disease (unlike Norway, they spent it all).
CEO of one of the world's most polluting companies, a company that has spent decades lying to the public about climate change and who has profited immensely from those lies, is now lying to us again and saying that the consumer is responsible for climate change and because we won't pay extra for low-carbon fuels, we're at fault.
Exxon's CEO is happy to lay the blame for global heating on consumers — while his company enjoys record profits from climate-wrecking fossil fuels, and also rakes in obscene amounts of government subsidies.
HEADLINE: "Exxon CEO blames public for failure to fix climate change"
The world isn’t on track to meet its climate goals — and it’s the public’s fault, a leading oil company executive told journalists.
ExxonMobil CEO Darren Woods told editors from Fortune that the world has “waited too long” to begin investing in a broader suite of technologies to slow planetary heating.
That heating is largely caused by the burning of fossil fuels, and much of the current impacts of that combustion — rising temperatures, extreme weather — were predicted by Exxon scientists almost half a century ago.
Since taking over from former CEO Rex Tillerson, Woods has walked a tightrope between acknowledging the critical problem of climate change — as well as the role of fossil fuels in helping drive it — while insisting fossil fuels must also provide the solution.
For example, Woods said Exxon “could, today, make sustainable aviation fuel for the airline business. But the airline companies can’t afford to pay.”
His comments doubled down on the claim that the energy transition will succeed only when end-users pay the price.
“People who are generating the emissions need to be aware of it and pay the price,” Woods said. “That’s ultimately how you solve the problem.”
The original article in Fortune Magazine openly sympathizes with Exxon. It's a disgusting example of corporate media eagerly supporting Business As Usual.
"The head of the IPCC has compared the rollout of carbon capture and storage (#CCS) to "trying to push water uphill," questioning a technology that the oil and gas industry has long touted as integral to net-zero emission plans.
The International Energy Agency has previously called for the oil and gas industry to let go of the "illusion" that carbon capture is a solution to climate change, pushing instead for energy majors to ramp up investments in clean energy."
"[#Exxon] is suing #investors to intimidate them from ever trying to influence corporate decisions.
“What they’re trying to do is silence shareholder voices, specifically to silence the voices of shareholders who are concerned about #ClimateRisk,” he added. “It’s noteworthy that a company like Exxon is so determined to shut down the conversation… amongst shareholders about these long-term risks.” "
Sounds like they're soiling their pants over "climate risk".
“#Exxon has gone well beyond any other company that we’re aware of in terms of suing shareholders for trying to bring forward a proposal,” Cohen told the Financial Times. “There doesn’t seem to be anything other than an agenda of sending a message of shutting down shareholders’ ability to speak their mind.”
"#CalPERS, the biggest public pension plan in the United States, said on Monday it would vote against all #Exxon Mobil (XOM.N) board members at its upcoming annual meeting on May 29, citing the oil major's legal action against activist investors."
The nation’s third-largest public pension fund — the New York State Common Retirement Fund — said it would vote against 10 of 12 #Exxon board members, for failing to address climate change.
At least seven other shareholders, including the Interfaith Center on Corporate Responsibility, have filed documents with the Securities and Exchange Commission protesting Exxon’s actions and in some cases urging shareholders to vote against Exxon directors."
"Investors voted in line with all board recommendations at the virtual meeting. An average of 95% backed the re-election of 12 Exxon directors while proposals for reports on gender and race, plastics and social impact were rejected."
If you care about the planet, please make sure you sit down before you start reading this post about ExxonMobil.
So.
The CEO of ExxonMobil just said this in an interview: "We’ve waited too long to open the aperture on the solution sets in terms of what we need, as a society, to start reducing emissions."
Who's the most influential voice on climate change? Who's to blame for inaction on climate change?
According to the CEO of ExxonMobil, it's environmental activists.
No, really:
"Frankly, society, and the activist—the dominant voice in this discussion—has tried to exclude the industry that has the most capacity and the highest potential for helping with some of the technologies."
Oh, and the CEO of ExxonMobil also apparently thinks consumers are to blame for climate inaction:
"Today we have opportunities to make fuels with lower carbon, but people aren’t willing to spend the money to do that."
Gets better.
He thinks unnamed 'people who generate emissions' should pay for it. (Rather than, say, major transnational oil companies.)
"People who are generating the emissions need to be aware of [it] and pay the price. That’s ultimately how you solve the problem."
So, remind me again. Who knew about climate change before most of the public?
"Exxon was aware of climate change, as early as 1977, 11 years before it became a public issue... This knowledge did not prevent the company (now ExxonMobil and the world’s largest oil and gas company) from spending decades refusing to publicly acknowledge climate change and even promoting climate misinformation."
And just who, exactly, stood in the way reducing emissions all these years?
"ExxonMobil executives privately sought to undermine climate science even after the oil and gas giant publicly acknowledged the link between fossil fuel emissions and climate change, according to previously unreported documents...
"The new revelations are based on previously unreported documents subpoenaed by New York’s attorney general as part of an investigation into the company announced in 2015. They add to a slew of documents that record a decades-long misinformation campaign waged by Exxon, which are cited in a growing number of state and municipal lawsuits against big oil."
@dromografos Only #ClimateCriminals would boast about #fossilfuels production when our planetary home is burning and flooding. Shame on every shareholder of #Exxon and #Chevron and every govt subsidizing these criminals.