#ExxonKnew


Shareholders Not Playing Games at Big Oil Annual General Meetings

, climate accountability campaign manager

Major fossil fuel producers are holding their annual general meetings (AGMs) this month amid mounting pressure from investors, increasing risks of legal liability for climate damages, and heightened scrutiny of their lobbying and public policy advocacy. BP and Royal Dutch Shell host their AGMs this week; ExxonMobil and Chevron will follow next week.

If shareholder meetings were classic game shows, and investors were keeping score, fossil fuel companies would be coming up short. Read more >

©corlaffra/Shutterstock.com
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ExxonMobil refinery in Baton Rouge, LA.

2°C or not 2°C? Unanswered Questions in ExxonMobil’s and Chevron’s Climate Risk Reports

, climate accountability campaign manager

Heading into their annual meetings at the end of this month, both ExxonMobil and Chevron have published reports in response to investor demands that they disclose their plans for a world in which global temperature increase is kept well below two degrees Celsius (2°C) above pre-industrial levels—the target set in the Paris Climate Agreement. Should ExxonMobil and Chevron shareholders be satisfied with these reports? No—and there are indications that some are not. I took a look at these reports, consulted with other UCS experts, and identified four big questions left unanswered. Read more >

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Photo: Brian Katt

ExxonMobil’s Jekyll-and-Hyde Act: A Year in Holding Fossil Fuel Companies Accountable

, climate accountability campaign manager

Just a few weeks into the new year, ExxonMobil has turned the page on 2017—a year of significant gains for corporate climate accountability and significant setbacks for major fossil energy companies. However, some of these companies are aggressively fighting back, continuing to spread climate disinformation and refusing to plan for a low-carbon future. ExxonMobil, in particular, has moved toward countersuing California communities that are suing it and other fossil fuel producers over climate-related damages, and launched a webpage and video attacking the #ExxonKnew campaign. ExxonMobil’s retaliation against advocates for climate action and corporate accountability is a sure sign that our work is having an impact, and that now is the time to redouble our efforts.

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Courtesy of Public Citizen, Air Alliance Houston, and Center for Climate Integrity
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ExxonMobil Attacks New Study That Exposes Its Climate Deception…Again.

, climate accountability campaign manager

A new study concludes that ExxonMobil misled the public about climate change. ExxonMobil has already dismissed the study’s conclusions and questioned the authors’ motives. By insisting that it does not cover up climate science, ExxonMobil misrepresents the real issue: its failure to act on scientific knowledge of the devastating climate impacts of its product. Read more >

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Investors Want Transparency. ExxonMobil Offers Smoke and Mirrors

, climate accountability campaign manager

Yesterday, an industry-led task force issued final recommendations on how companies across all sectors should report on climate-related financial risks. ExxonMobil, which faced a shareholder rebellion on this issue at its annual meeting last month, could have seized the opportunity to welcome the recommendations and commit to improving its own reporting. Instead, the company released its 2016 Corporate Citizenship Report, revealing that ExxonMobil continues to funnel more than $1.5 million to groups that have spread disinformation on climate science and/or seek to block action on climate change. Read more >

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