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 14, 2026 4:43 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
From the streets of Caracas, Venezuela
Perhaps nothing sums up the situation in socialist Venezuela quite like the photo below. Within just a few feet of a grocery store, people dig through a garbage truck in desperation looking for food. We’ve written quite a bit about the crisis in Venezuela over the past year and today, we’re pleased to bring you a report straight from Caracas. Acton co-founder and president Rev. Robert Sirico interviewed Ricardo Ball, an entrepreneur and financial advisor about what is happening on...
Redemptive entrepreneurship: In a globalized economy, who is our neighbor?
In our globalized and interconnected world, we inhabit vast networks of creative exchange with widely dispersed neighbors. This leads to real and munities far and wide—a great and mysterious collaboration. But as we continue to strengthen those social bonds across economic life, how do we stay faithful and attentive to our more munity spheres? It’s a challenge for creators and workers across the economic order—to use our economic freedom to meet human needs, but do so through a healthy and...
Why governments create inflation
Note: This is post #108 in a weekly video series on basic economics. Most people do not like when prices rise so most people do not like inflation. But there is one sector that sometimes finds inflation beneficial: government. In this video by Marginal Revolution University, Alex Tabarrok explains why governments sometimes use inflation to their benefit—and how inflation can e like a drug. (If you find the pace of the videos too slow, I’d mend watching them at 1.5...
People who are religiously active are happier, more civically engaged
People who are active in religious congregations tend to be happier and more civically engaged than either religiously unaffiliated adults or inactive members of religious groups, according to a new study by Pew Research Center. The findings were taken from survey data from the United States and more than two dozen other Christian-majority nations. Pew finds that in the U.S. and many other countries around the world, regular participation in a munity clearly is linked with higher levels of happiness...
The Christian’s foundation for all knowledge
Note:This article is part of the ‘Principles Project,’ a list of principles, axioms, and beliefs that undergirda Christian view of economics, liberty, and virtue. Clickhereto read the introduction and other posts in this series. The Principle:#2 — God’s Word is the foundation for all knowledge. The Explanation:“Christianity,” as Charles Colson once claimed, “is the explanation for everything.” As Tom Gilson explains, “Of course [Colson] did not mean that everything is explained in the Bible, but that the Bible reveals the...
Venezuela’s ‘man-made failure’: A view from the UK and the U.S.
As Venezuela collapses, so do the dreams of countless Western socialists, who hailed the Bolivarian model as “twenty-first century socialism.” A number of prominent think tank leaders, including Acton Institute co-founder Fr. Robert Sirico, mented on the ongoing turbulence inside the increasingly repressive and authoritarian regime of Nicolás Maduro. To this end, they have produced a number of videos and podcasts discussing the uprisings and implosion of what was once one of South America’s most prosperous nations. Each performs a...
Unemployment as economic-spiritual indicator — January 2019 report
Series Note: Jobs are one of the most important aspects of a morally functioning economy. They help us serve the needs of our neighbors and lead to human flourishing both for the individual and munities. Conversely, not having a job can adversely affect spiritual and psychological well-being of individuals and families. Because unemployment is a spiritual problem, Christians in America need to understand and be aware of the monthly data on employment. Each month highlight thelatest numberswe need to know...
When red tape hits the homeless: San Diego charity closes due to new restrictions
For the past four years, Deliverance San Diego has been delivering hot meals to the city’s homeless population every Friday, averaging 200 donated meals on any given evening. Now, due to new guidelines passed by the State Legislature of California, the non-profit is ceasing operations and will dissolve by the end of the month. Through their existing model, hot meals were prepared in volunteer homes and distributed on the streets. “Volunteers from various churches gather at 17th and Commercial downtown...
Social science and the evidence for virtue
“Christians have nothing to fear and everything to gain from good social science,” says Paul D. Miller. “It provides a way to talk normatively about human flourishing in terms that are intelligible, legitimate, and persuasive to those outside munity of faith.” How can Christians make arguments that are persuasive to those who do not share their most basic presuppositions? That is the quandary in which Christians—and Jews and Muslims—find themselves as public discourse is increasingly framed, mediated, and policed by...
Climate change: Regulations vs. results
Christians believe we should be good stewards of the earth, and for some the issue has taken on apocalyptic dimensions. Yet faith leaders, including the leaders of multiple worldwide munions, have ignored the most effective method for reducing carbon emissions while praising counterproductive policies. There is no doubt about the extent of concern. A recent Gallup poll found that 70 percentof young Americans worry about climate change, and people aged 18 to 34 are the first generation in which a...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved