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’
Jan 17, 2026 10:59 PM

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
Explainer: Republican lawmakers unveil paid family leave plan
What just happened? Senator Marco Rubio (R-Florida) and Rep. Ann Wagner (R-Missouri) re-introduced a bill yesterday (slightly modified from one from last year) that would allow parents to use their Social Security benefits to provide paid parental leave benefits following the birth or adoption of a child. “Our proposal would enact paid family leave in America without increasing taxes, without placing new mandates on small businesses,” Rubio said in a news conference. Earlier this month, Sens. Joni Ernst (R-Iowa) and...
Is the Boeing 737 MAX safe? Who should decide?
Yesterday, Boeing announced a software update for the 737 MAX-8, the airliner that was grounded after two crashes and rising concerns about a possible flaw in the plane’s maneuvering characteristics augmentation system (MCAS). Boeing presented the MCAS updates as improvements to the system and has always maintained that the plane is safe. Now pany is asking the Federal Aviation Administration (FAA) to certify the updates so the aircraft can be returned to service. This has given lawmakers in Washington, D.C.,...
‘The Road to Serfdom’ at 75: Reflecting on Hayek’s enduring work
This is the first in a series celebrating and exploring the enduring legacy and significance of Friedrich A. Hayek’s The Road to Serfdom. Friedrich A. Hayek’s The Road to Serfdom was first published 75 years ago this month. Initially written as a brief memo in 1933, it eventually grew into a book and is probably theNobel Laureate economist’s most well-known work. How does TRS hold up this many years later? What does it have to say about where we find...
No, Mr. President, we don’t need more socialist policies
One hundred years ago, automaker Henry Ford announced in a meeting that in the future pany was going to build only one model of car, that the model was going to “Model T,” and that, “Any customer can have a car painted any color that he wants so long as it is black.” Increasingly, Americans are finding they have the same choice in government: You can have any economic policy you want so long as it’s socialism. On one side...
The portable Trinity: Embracing the divine life of daily work
When re-imagining our economic activity through a Christian perspective, it can be easy to get stuck in simply observing and analyzing things from the outside—stroking our chins at the theological or moral implications of various jobs, enterprises, or economic decisions. These are important considerations, but we should be attentive to also inhabit our work with such a perspective—participating with the divine as an act of fellowship and love. We were not just created to know and understand our work’s purpose,...
The state of entrepreneurship in America
Alexis de Tocqueville’s Democracy in America is primarily and rightly regarded as a work of political science. But the book is also replete with economic observations. One of the most significant was Tocqueville’s astonishment at “the spirit of enterprise” that characterized much of the country. Americans, Tocqueville quickly realized, were mercial people.” The nation hummed with the pursuit of wealth. Economic change was positively ed. “Almost all of them,” Tocqueville scribbled in one of his notebooks, “are real industrial entrepreneurs.”...
How to eliminate 99% of all poverty
Can avoiding a handful of socially harmful activities virtually guarantee someone will not live in poverty? Social scientists in the United States said they have found the secret, and a new report from Canada has found it also applies across the northern border. The “success sequence” began with Isabel V. Sawhill and Ron Haskins of the Brookings Institution, whofoundthat meeting a fewcriteriagreatly reduced the likelihood of a family living in poverty: finish high school, work full time, wait until age...
Martyrs remind us to fight the ‘isms’
There is a longstanding liturgical and spiritual discipline practiced in Rome during Lent. It involves celebrating mass at the crack of dawn each day at a different church in various corners of the ancient quarter of Rome. A “station church”, as they are called, is usually the site of a great Christian martyr’s death, grave or an important relic preserved over the course of several centuries. Yesterday’s station church was the Basilica of St. Bartholomew the Apostle, who was skinned...
The reason statists always think things are getting worse
With unemployment and poverty levels at historic lows, why do so many people persist in believing people’s economic prospects are always getting worse? Why are discussions of current living conditions always marked by catastrophic thinking? Take, for instance, Congresswoman Alexandria Ocasio-Cortez’s recentassessmentthat “the America that we’re living in today is so dystopian.” The fact that her assertion is misguided does not mean it is not widely shared. One answer to America’s dyspeptic discourse is found in the Fraser Institute’s new...
Ben Shapiro and the alt-right smear
Misunderstanding the alt-right seems to be the favorite activity of the established media. In the latest case, the favorite magazine of globalists – the English magazine The Economist – has characterized Ben Shapiro as the sage of the alt-right. Under any conceivable point of view, such an idea would be surreal given that Shapiro is one of the favorite targets of that Internet trolling movement. A simple Google search would have told Economist’s reporters that Shapiro – who is Jew...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved