Exxon Shareholders Score Major Climate Victory
By Jamie Henn
Shareholders of ExxonMobil voted by a 62.3 percent shareholder majority Wednesday instructing the oil giant to report on their impacts on climate change. The result of this vote is a sign that activist pressure on the company is working, said 350.org, a leading international climate campaign.
Along with the shareholder uprising, Exxon is also facing an investigation by multiple Attorneys General over whether it lied to the public about climate change and a divestment campaign that has helped convince more than 730 institutions representing $5.4 trillion in assets to go fossil free.
Exxon's climate lies are finally catching up with them. The company is facing public protest, shareholder anxiety, multiple investigations and a growing divestment campaign. They can try and run from this issue, but they can't hide. Sooner or later, this company will be held accountable for their role in destroying our climate and putting our entire future at risk.
Any real climate risk assessment will show that Exxon's drill-baby-drill business plan is incompatible with a livable planet. Despite shareholder protests, they're still doubling down on fossil fuels when the world is moving in the opposite direction. Exxon's refusal to adapt their business model to a carbon constrained world should send investors running for the exits.
An investment in Exxon is still an investment in climate chaos. Until Exxon commits to keeping fossil fuels in the ground, investors have a moral obligation to move their money elsewhere. That includes major investors like New York State's $170 billion pension fund.
When the markets realize that Exxon won't be able to burn its remaining oil and gas reserves because doing so would put cities like New York and Shanghai underwater, the company's share price is going to plummet. That's not a matter of if, but when.
Exxon is going the way of the typewriter because they're unwilling and unable to adjust to the changing energy landscape. Our job is to make sure they don't take the rest of us down with them.
The 740 foot MV Solomon Trader was stranded on a reef near Rennell Island, home to the largest raised coral atoll in the world and a United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage site, AFP reported. The bulk carrier has not been salvaged in the two weeks since it was stranded because of Cyclone Oma, Solomon Islands National Disaster Management Office (NDMO) director Loti Yates told Radio New Zealand early Monday morning.
Grand Canyon Visitors Were Exposed to Unsafe Radiation From Buckets of Uranium for Nearly Two Decades
That's because, until last year, three five-gallon paint buckets filled with uranium ore were stored in the building, according to a Feb. 4 email sent out to all National Park Service employees by Grand Canyon safety, health and wellness manager Elston "Swede" Stephenson.
By Lynn Freehill-Maye
Rachel Schutz hated watching the kids play outside, and not because she was a curmudgeon. As director of an after-school program in a Latino neighborhood near Portland, Oregon, she likes the outdoors, the piney tang that hangs in the damp air.
Today, the U.S. celebrates Presidents' Day, a day to commemorate the leadership and legacy of the so-far only men who have governed the country since its founding.