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’
Jun 28, 2026 6:33 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
China’s Future Is Not Fixed
When Mao died, so did his draconian and murderous policies. When Xi finally quits the world stage, can China change course in a more liberal direction? Read More… The Chinese Communist Party (CCP) held its 20thnational congress to chart its future direction and anoint Xi Jinping as leader-for-life. At least that’s what Xi plans. Xi lauded his record, which,he insisted,has“ensured that the party will never change in quality, change its color, or change its flavor.” Under Xi, the CCP’s quality,...
Freedom fighter Jimmy Lai found guilty of fraud
The pro-democracy advocate continues to suffer under the oppressive National Security Law, imposed by Beijing to crush dissent in Hong Kong. Read More… In a blow to free speech, pro-democracy activist Jimmy Lai has been found guilty of fraud by a court in Hong Kong as China works to stamp out dissent. District Court judge Stanley Chan said mitted fraud by not revealing that he operated a consulting firm from the offices of his pany—a violation of his lease with...
Heaven and Hell in America: Dante’s Indiana
A novel by Richard John Neuhaus’ biographer is both an entertaining and theologically deft take on the consequences of the choices we all make as we seek the Good. Read More… In a cultural landscape that is often hostile—or at best indifferent—to religion, a popular and widely lauded novel whose plot focuses not only on matters of faith but also a main character whose worldview and identity is shaped entirely by his Catholicism is a rare occurrence. Randy Boyagoda, perhaps...
The U.S. stands behind Hong Kong freedom fighter Jimmy Lai
America condemns the recent “spurious fraud charges” and mitted to supporting the embattled pro-democracy activist and entrepreneur. Read More… One day after pro-democracy activist Jimmy Lai was found guilty of fraud charges, the U.S. Department of State responded to the verdict, condemning its “spurious fraud charges” and noting increasing concerns about “deterioration in protection for human rights” under the Chinese Communist Party’s National Security Law (NSL). While the charges brought against Lai were reportedly related to lease violations, his prosecution...
Banking, Panics, and Regs: The 2022 Economics Nobel
The prize for economics was awarded to three men whose work explained both the necessity and occasional failure of banks. If you thought you could do without the oft-demonized institution, you may want to think again. Read More… Earlier this month, Ben Bernanke, Douglas Diamond, and Philip Dybvig were awarded the Bank of Sweden Prize in Economic Sciences in memory of Alfred Nobel. Bernanke, Diamond, and Dybvig were honored for their many contributions to our shared understanding of both the...
The Christian’s Hard Affluence and Easy Hardship
In the parable of the Good Samaritan, imagine you’re the one who’s been left by the side of the road. The change in perspective will work wonders for your sense of contingency—and generosity. Read More… From sociologists Christian Smith and Melinda Lundquist Denton’s worries over “moral therapeutic deism” in their 2005 book, to the Pew Research Center’s documentation of the growing trend of religious “nones” (people who claim no religious affiliation), mon claims that we now live in a “post-Christian”...
Andor Succeeds Where Other Star Warriors Fail
The latest installation in the Star Wars saga is finally a reason to celebrate, as it models self-sacrifice and leadership, especially for young men. Read More… If there’s anything close to national mythology in America nowadays, it’s Marvel. This may be depressing, but we should nevertheless face the fact and make the best of it. Before that, it was Star Wars, which is still an incredibly profitable business, even as it is failing. They’re both Disney properties, which now make...
Tim Burton’s Sleepy Hollow Is a Tale of the Founding
You may think Halloween is a silly celebration of the macabre and supernatural. But it may just be the most beautiful expression of the power of storytelling as a bulwark against evil. Read More… Halloween has somehow e a celebration of America ing American, a New World unlike the Old World, a place where horror is a literary or cinematic genre rather than a memory—the dimly recollected past stretching back millennia through seemingly endless suffering, man’s inhumanity to man, older...
Religious Liberty and the American Founding
A new book sheds much-needed light on what the Founders did—and did not—say about religious liberty, church-state relations, and natural rights. Read More… The religion clauses in the First Amendment are among the most hotly debated topics in constitutional law and history. Unfortunately, the records of the Founders don’t always offer much help in elucidating their meaning. The congressional debates over the religion clauses can be especially exasperating to scholars. The framers in the First Congress lurched from one draft...
For Britain’s PM, Chaos Has Consequences
After a mere 45 days, Liz Truss is out as prime minister. Given the contradictions in Conservative Party policies, no one should be surprised. Read More… Boris Johnson, though deeply flawed, was the glue that held the British Conservative Party together. His electoral reach, charisma, mitment to deliver Brexit put together a huge majority of 80 seats over all other bined in the 650-seat House of Commons. But that glue came unstuck owing to Boris’ character flaws, and now, in...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved