.... Vcubed Inaru recommends an article. Call me cynical, but I believe Exxons climate disaster plan is to rely on military energy demands, as there will be so much upheaval that the 1% will have to repress society with tanks and drones. Exxon stated its position that fossil fuels are necessary to meet the worlds energy needs for the foreseeable future. However, William Colton, vice president of corporate strategic planning, conceded, It is equally essential that society manages the risk of climate change by increasing energy efficiency and by investing in research into technologies to reduce greenhouse gas emissions. He added, The risk of climate change is clear and the risk warrants action. The investor group issued its own press release responding to the report, lauding Exxons response as historic. Quoted in the release, Natasha Lamb, director of equity research and shareholder engagement at Arjuna Capital, said, Investors now know that ExxonMobil is not considering a low-carbon scenario in its planning, which places shareowner capital at risk. The acknowledgment by Exxon is possibly its strongest statement yet on the subject of climate change and carbon emissions. It marks a sharp change from the late 1990s, when the company was active in challenging climate change science and discouraging government policies around the world from addressing the risks. With executive offices based in Irving, Texas, ExxonMobil is the worlds largest oil and gas company. thestreet/story/12591659/1/exxons-climate-change-report-fails-to-satisfy-investors.html?fb_action_ids=10152290101915102&fb_action_types=og.recommends
Posted on: Thu, 03 Apr 2014 03:30:35 +0000
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