According to Grist.org, Exxon Mobile is pushing back against shareholder demands for action on climate change.
The planet’s largest publicly traded oil and gas companychallenged a resolution about climate change regulations from its own shareholders on Friday, arguing that it’s a practical improbability that the emissions-restricting goals set forth by the recent climate accord in Paris will actually be achieved. Therefore, Exxon Mobil says, it shouldn’t have to address the impact that the regulations would have on its business.
“It’s a little bit like a toddler putting their fingers in their ears and saying, ‘If I can’t hear you then what you’re saying isn’t true,'” Shanna Cleveland, manager of the Carbon Asset Risk Initiative, told InsideClimate.
Reading this I couldn't help thinking about the warning given at Paris by world leading climate scientists, Hans Joachim Schellnhuber of Germany's Potsdam Institute. He said mankind's only hope of avoiding runaway global warming is the "induced implosion" of the fossil fuel industry. Coal, oil, gas - the industry has to be put down by the governments of the world. They've got several ways to do it and they'll probably have to resort to most of them. The point is, we have to understand - all of us have to understand - that these companies would see the world rendered uninhabitable for our grandchildren before they'll consider doing anything to prevent it. We're in a struggle that pits humanity against the energy giants and it's a struggle for our survival.