Exxon and climate change

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Exxon and climate change

Postby Gord » Tue Jun 13, 2017 1:20 am

http://www.reuters.com/article/us-exxon ... SKBN18R0DC

Exxon shareholders approve climate impact report in win for activists

Exxon Mobil Corp's (XOM.N) chief executive said on Wednesday the company would reconsider how it communicates the risks its faces from climate change after shareholders approved a measure calling for increased transparency.

The non-binding proposal passed with 62 percent of ballots cast in a rare defeat for Exxon's management, which had recommended a vote against the measure. The company argued that it already provides sufficient information on the potential impact of changing technologies and energy demand on its asset portfolio....

:befuddled: Exxon's shareholders want it to...what?

...The proposal asked for Exxon to report on risks its business could face from technology changes and from climate change policies such as the 2015 accord aiming to keep average global temperature increases below 2 degrees Celsius.

In remarks following the shareholder meeting, Exxon Chief Executive Darren Woods said the board would reconsider its climate change-related communications but did not commit to producing the report requested in the proposal....

...A proposal calling for a report on Exxon's efforts to reduce emissions of methane, another greenhouse gas, in its operations received support of nearly 39 percent of ballots cast.

Another proposal calling on the company to increase shareholder payouts in light of climate change-related risks was approved by less than 4 percent of ballots cast. Exxon had opposed both proposals.

Yeah, I'm lost here. Someone told me this was a good thing, but I don't really see anything here. What am I missing?
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Re: Exxon and climate change

Postby scrmbldggs » Tue Jun 13, 2017 1:29 am

..."efforts to reduce emissions of methane" seems positive? And if "the company to increase shareholder payouts in light of [taking?] climate change-related risks". That could be a deterrent?

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Re: Exxon and climate change

Postby bobbo_the_Pragmatist » Tue Jun 13, 2017 1:43 am

scrmbldggs wrote:..."efforts to reduce emissions of methane" seems positive? And if "the company to increase shareholder payouts in light of [taking?] climate change-related risks". That could be a deterrent?

"There is no try..... only do."

Across "the energy field" progress will be first established when fossil fuels ARE KEPT IN THE GROUND. I know: all that money just sitting there..... and all we have to do is kill millions of people to get to it.

So, as always: watch what they do, not what they say.
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Re: Exxon and climate change

Postby Nikki Nyx » Mon Jun 19, 2017 3:36 am

Sounds like PR BS. If they gave a {!#%@} about climate change, they'd change their business model to green energy.
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