Showing posts with label Exxon. Show all posts
Showing posts with label Exxon. Show all posts

Thursday, July 09, 2015

Follow The Money?

English: To create this SVG-format logo, I too...
English: To create this SVG-format logo, I took the EPS file at Brandsoftheworld.com, ran it through pstoedit, and then did the following modifications using Inkscape and Notepad: fixed priority (center of "O" in "Exxon"), centered on a correctly sized grid, and made markup simpler and more readable. Used in Exxon. Source: http://static.seekingalpha.com/wp-content/seekingalpha/images/thumb-Exxon_01.jpg Category:Oil company logos (Photo credit: Wikipedia)
Exxon knew of climate change in 1981, email says – but it funded deniers for 27 more years
ExxonMobil, the world’s biggest oil company, knew as early as 1981 of climate change – seven years before it became a public issue ...... the firm spent millions over the next 27 years to promote climate denial. ...... Exxon’s public position was marked by continued refusal to acknowledge the dangers of climate change, even in response to appeals from the Rockefellers, its founding family, and its continued financial support for climate denial. Over the years, Exxon spent more than $30m on thinktanks and researchers that promoted climate denial, according to Greenpeace. ....... Some climate campaigners have likened the industry to the conduct of the tobacco industry which for decades resisted the evidence that smoking causes cancer. ...... Climate change was largely confined to the realm of science until 1988, when the climate scientist James Hansen told Congress that global warming was caused by the buildup of greenhouse gases in the atmosphere, due to the burning of fossil fuels. ....... “One thing that occurs to me is the behavior of the tobacco companies denying the connection between smoking and lung cancer for the sake of profits, but this is an order of magnitude greater moral offence, in my opinion, because what is at stake is the fate of the planet, humanity, and the future of civilisation, not to be melodramatic.” ...... “The science in 1981 on this subject was in the very, very early days and there was considerable division of opinion,” Richard Keil, an Exxon spokesman, said. “There was nobody you could have gone to in 1981 or 1984 who would have said whether it was real or not. ...... “We have been factoring the likelihood of some kind of carbon tax into our business planning since 2007. We do not fund or support those who deny the reality of climate change.” ...... Other companies, such as Mobil, only became aware of the issue in 1988, when it first became a political issue ..... Naomi Oreskes, a Harvard University professor who researches the history of climate science, said it was unsurprising Exxon would have factored climate change in its plans in the early 1980s – but she disputed Bernstein’s suggestion that other companies were not. She also took issue with Exxon’s assertion of uncertainty about the science in the 1980s, noting the National Academy of Science describing a consensus on climate change from the 1970s. ....... “I believe that the conduct outlined in the UCS report puts the fossil fuel companies’ social license at risk. And once that social license is gone, it is very hard to get it back. Just look at what happened to tobacco companies after litigation finally pried open the documents that exposed decades of misinformation and deception.” ....... Political battles need to personify the enemy. This is why liberals spend so much time vilifying the Koch brothers – who are hardly the only big money supporters of conservative ideas. In climate change, the first villain was a man named Donald Pearlman, who was a lobbyist for Saudi Arabia and Kuwait. (In another life, he was instrumental in getting the US Holocaust Museum funded and built.) Pearlman’s usefulness as a villain ended when he died of lung cancer – he was a heavy smoker to the end. ....... ExxonMobil has not lost its position as the personification of corporate, and especially climate change, evil. ....... Having spent twenty years working for Exxon and ten working for Mobil, I know that much of that ethical behavior comes from a business calculation that it is cheaper in the long run to be ethical than unethical.