Hundres of thousands of Americans, concerned about climate change and increasingly shocked at how much they are paying at the pump for their gas, are voting with their feet and ditching their gas-guzzling vehicles and going electric.
ExxonMobil is a company that for decades has done more than any other to spread climate denial. But now the climate laggard wants you to believe it is becoming a climate champion.
In what can only be described as both shocking and unsurprising at the same time, yesterday Greenpeace’s investigative journalism outfit, Unearthed, released video of two high-ranking ExxonMobil lobbyists (one current, one recently left the company) saying the quiet part out loud about Exxon’s ruthless political efforts to stall progress on the climate crisis and protect … Read More
As Big Oil loses billions, the global ratings agency, S&P has announced it was placing ExxonMobil, Chevron, Shell and Total on a so-called “credit watch”.
For those hoping that the duel whammy of the pandemic and our climate emergency would belatedly and finally pivot Exxon away from fossil fuels, this is not going to happen. The company just wants to carry on drilling.
A new report argues that “widespread deception by fossil fuel executives regarding the financial risks of climate change, represents a ticking time bomb that, if not addressed, could contribute to worldwide economic devastation.”
Big Oil’s decades’ old campaign to deny, deceive and delay action on climate change has been thrust into the spotlight again after the Attorney Generals for Minnesota and the District of Columbia (D.C.) both launched legal action against the industry within 24 hours of each other.
Exxon, which has been bruised, battered and bloodied by a catastrophic collapse in the oil price, and is haemorrhaging money, wants us all to drive over a climate cliff too. It is reckless corporate behaviour, which the executives must know will cost lives.
“Oil companies like Exxon knew the scientific reality of climate change forty years ago but waged a war of deception that cost us precious time in the fight to save our planet”.
Exxon Mobil and Big Oil will finally be on trial for misleading investors over the financial risks of climate change.