Home
/
RELIGION & LIBERTY ONLINE
/
Religious shareholders attack ExxonMobil’s reputation, worry about oil giant’s ‘reputational risk’
Religious shareholders attack ExxonMobil’s reputation, worry about oil giant’s ‘reputational risk’
Dec 24, 2025 4:15 AM

The Interfaith Center on Corporate Responsibility, shareholder activists of the corporate God-fly variety, are gearing up for the May 25 ExxonMobil Corporation annual general meeting. The ICCR agenda isn’t about maximizing shareholder value, but seems far more intent on reducing it.

For the record, your writer possesses no financial stake in ExxonMobil, but if he did it’s certain he’d be upset mightily at ICCR’s efforts to hobble the industry giant and send stock prices plummeting even further. The religious-left activists of ICCR have submitted seven proxy resolutions aimed at ExxonMobil this season. Aiming to protect the interests of all its investors, pany challenged the resolutions, but was overruled by the U.S. Securities and Exchange Commission. According to the ICCR website:

Included in this group of resolutions are calls for greater disclosure of lobbying activities that may be tied to the types of climate change denial campaigns currently under investigation, as well as a call for board expertise on environmental issues and a resolution asking that pany acknowledge the “moral imperative of limiting global warming to 2 celsius”, the threshold participants at the COP21 climate talks agreed could not be exceeded if we are to safeguard our planet’s future. Another resolution asks that pany assess the risks of their carbon assets within the context of this carbon-constrained future.

And this, from one of ICCR’s actual resolutions:

As a large GHG [greenhouse gas] emitter with carbon intensive products, ExxonMobil should robustly support the framework to address climate change resulting from the 21st Conference of Parties of the United Nations Framework Convention on Climate Change in December 2015. Constructive engagement on climate policy is especially important given Exxon’s historical role in financing climate denial and misinformation campaigns on climate change. Failing to address this could present reputational risk for ExxonMobil. In contrast to ExxonMobil, ten oil industry peers including Total, Shell, BP, and Saudi Aramco, and business leaders in other industries, support an international agreement to limit warming to 2°C.

Ahhh, “climate denial,” to which your writer sarcastically offers the interrogative: “Could there be anything more morally reprehensible than questioning the veracity of scientifically inconclusive claims of imminent catastrophic climate-change?” But such is the dogmatic nature of these corporate God-flies that the question is rendered rhetorical. Never mind the facts that support the use of fossil fuels as essential to reducing world poverty because facts usually get in the way of a good photo-opportunity.

The Washington Post, in an op-ed this week aimed at a specific U.S. presidential candidate who voices much the same claptrap as ICCR, refutes many of the generalized claims weighed against fossil fuels:

When burned, natural gas produces about half the carbon dioxide emissions of coal. The recent fracking boom contributed to a reduction in national carbon dioxide emissions over the past several years, as utilities switched from cheap coal to now-cheaper gas. It is true that some concerns remain. Methane leaks from natural gas wells and pipelines. Many worry about drinking water near fracking operations. But the government can require drillers to address these issues without shutting the industry. It is also true that natural gas is a waystation; though it is cleaner than coal, natural gas still produces carbon dioxide emissions. Yet gas’s price and emissions profile is still attractive enough that the Environmental Protection Agency’s Clean Power Plan, the most aggressive global warming policy the country has ever had, relies on gas displacing coal to meet medium-term emissions goals….

Nuclear accounts for about a fifth of the country’s electricity, and it is practically emissions-free. Shutting down that much clean electricity generation would put the country into a deep emissions hole…. Yet every dollar spent to replace one carbon-free source with another is a dollar that could have been spent replacing dangerous and dirty coal plants. Under [the candidate’s] vision, either the country would fail to maximize emissions cuts, or it would waste huge amounts of money unnecessarily replacing nuclear plants. Unsurprisingly, the Clean Power Plan relies on nuclear, too, assuming that the country will get about the same amount of electricity from nuclear in 2030.

Now, mind you, your writer doesn’t endorse all of the WaPo’s arguments. First of all, he’s not convinced cheap and plentiful coal should be pletely from our nation’s energy portfolio as opposed to exercising cleaner ways of burning it for energy. And, while “many worry about drinking water near fracking operations” might sound like pelling argument to “some” readers, it’s remarkably vague in identifying specific people, their numbers and the legitimacy of their concerns.

All told, however, it’s a far-more reasoned – and moral – response to the efforts ICCR is waging against ExxonMobil, panies and their respective shareholders.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
How to Prove That Everyone Knows Raising Minimum Wages Increases Unemployment
Yesterday I mentioned that translating economic principles into intuitive concepts is one of the most urgent and necessary tasks to prevent such evils as harm to the poor. Today, William Poole provides an excellent example of what is needed with his mon-sense thought experiment” on minimum wage increases: Suppose Congress were to enact a minimum wage $50 higher than the current one of $7.25 per hour. Would a minimum of $57.25 reduce employment? I know of no economist who would...
A lesson in intuitive economics from a saloon on the moon
It was once mon practice of saloons in America to provide a “free lunch” to patrons who had purchased at least one drink. Many foods on offer were high in salt (ham, cheese, salted crackers, etc.), so those who ate them naturally ended up buying a lot of beer. In his 1966 sci-fi novel, The Moon Is a Harsh Mistress, Robert Heinlein used this practice in a saloon on the moon to highlight an economic principle: “It was when you...
‘I Am Woman;’ Identifying Real Ways To Help Those On The Brink Of Poverty
Is America inherently unfair to females? Do we need to expand government programs and invest in new ones in order to get women out of poverty and keep them above the poverty line? Carrie Lukas, the managing director at the Independent Women’s Forum, believes the answer is a resounding, “No!” Lukas replies to the recent Shriver Report: A Woman’s Nation Pushes Back From the Brink. There are a lot of negative issues with this report, but Lukas says the primary...
University Study: Obamacare Cost West Michigan 1000 Jobs
A new study by Grand Valley State University professors Leslie Muller and Paul Isely suggests that the Affordable Care Act has already cost West Michigan 1000 jobs. Muller summarized the results in a Wood TV story: “Firms are actually holding off on hiring or their reducing their hiring that they were thinking they were going to be doing because of the ACA,” said Muller. The 1,000 jobs lost does not include the number of workers in West Michigan that have...
The Acton University Experience: ‘Touched My Very Soul’
Over the next few weeks, the PowerBlog will be featuring people who have attended Acton University and their experiences, via podcasts. By hearing how Acton University has affected a variety of people in so many ways, we hope to encourage those who’ve never been to Acton University to consider registering for AU 2014. Today’s podcast features Becki Essner, a teacher at Notre Dame Regional High School in Cape Girardeau, Mo. Becki has attended Acton University three times, and has been...
Acton University 2014 Speaker Spotlight: Judge Andrew P. Napolitano
The focus of Acton University is scholarship: the participants spend their days learning from a faculty that is wide-ranging, plished, and masters in their chosen fields. The Acton Institute is pleased that Judge Andrew Napolitano, currently a Fox News Senior Analyst, will be joining us to teach “Freedom of Conscience and the Constitution.” Judge Napolitano, author of numerous books including It Is Dangerous to Be Right When the Government Is Wrong: The Case for Personal Freedom and Theodore and Woodrow:...
Is Income Inequality Really About Marriage?
President Obama has called e inequality the “defining challenge of our time,” but is it strictly about paychecks? Ari Fleischer thinks there is definitely more to it; he believes it’s about the breakdown of the family and American rejection of marriage. “Marriage inequality” should be at the center of any discussion of why some Americans prosper and others don’t. According to Census Bureau information analyzed by the Beverly LaHaye Institute, among families headed by two married parents in 2012, just...
He Has a Pen, We Have a Constitution
On Tuesday, in his first cabinet meeting of the year, President Obama indicated he is prepared to use executive actions more frequently to advance administration goals. “We are not just going to be waiting for legislation in order to make sure that we are providing Americans the kind of help that they need. I’ve got a pen and I’ve got a phone,” Obama told his Cabinet. Over at First Things, Robert George, Professor of Jurisprudence at Princeton University, provides a...
What Auto Racing in Finland Can Teach Us About Poverty
Many people believe laws to protect ownership and private property primarily favor the wealthy. But as Prof. Dan Russell explains, lack of property protections can lead to abject poverty. (Via: Institute for Faith, Work, and Economics) ...
Hoisting the Black Flag
“It’s possible. I kill a lot of people.” H.L. Mencken once said, “Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats.” Over at Political Theology Today, I take a look at what a confrontation between a pirate and Alexander the Great has to teach us about politics and proximate justice, taking some cues from Augustine and Cicero, and in conversation with John Mueller and Peter Leeson. For...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved