Tag: Climate Crisis

Exxon In Pitched Battle With the World

Washington (Gallant Gold Media Hill Report | Analysis | June 7, 2019) –  A growing number of world leaders, and state attorney generals, are taking off their gloves and flexing their muscles in an effort to drive home the point with Exxon that they aren’t backing down. In fact, they plan to ramp up their resolve, and persevere through to the next level and pry the appropriate climate action commitment from Exxon. Not only that, the world’s prepared to continue bringing charges against Exxon for climate fraud.

ExxonMobile Corp is the world’s largest publicly traded oil company. Back in 2015, during the build up to the 2016 presidential election,  documents leaked revealing that Exxon had intentionally kicked off a misinformation campaign for the purpose of undermining climate science in the hopes it would steer decision makers to continue with the massive use of oil for automobiles and energy. Since the 1970’s, Exxon has known that oil production causes global warming and has continued to mislead consumers, failing to warn of the hazards.

Now, 40 years later, we see Exxon’s misinformation campaign worked. Carbon levels have risen significantly – 335 PPM to 415 PPM. Thousands of innocent people have died as a result.

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The state Attorney General’ who have and/or will be filing climate fraud charges against Exxon:

  • Massachusetts
  • New York
  • Rhode Island
  • Washington DC – tentative

Foreign Nations are leveling penalties against Exxon through the European Parliament.

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Will Exxon Shareholders Revolt on May 29? | Climate Action

Washington (Gallant Gold Media Hill Report | Perspective | May 28, 2019) –  Several large Exxon shareholders demanded that a climate proposal be included on the ballot for the 2019 annual meeting to be held on Wednesday, May 29, but Exxon failed to comply.

The Church of England, and New York State Common Retirement Fund led by Thomas DiNapoli, the New York State Comptroller, initiated a proxy fight against the Exxon directors on Friday, May 3, claiming that Exxon’s “inadequate response to climate change constitutes a serious failure of corporate governance.”

The band of pro climate action Exxon shareholders, are aligned with Climate Action 100+, a group of investors who command $32 trillion in assets and are using their strength to leverage change amongst resistant companies like Exxon. They asked fellow Exxon shareholders to vote against all existing Exxon directors at Wednesday’s annual meeting.

Of particular concern, is that Exxon competitors are creating effective climate action game plans that curb carbon emissions for this notoriously irresponsible industry. For example:

  • BP Plc
  • Chevron
  • Royal Dutch Shell Inc
  • Total SA

Will the dawning of Wednesday May 29, 2019, when Exxon finds itself with their back against the wall in Houston, TX, prove to be the much needed turning point for the US fossil fuel mega corporations, who have been the main drivers in global warming across the globe for more than three decades? We’ll soon find out.

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