It has been scaled back quite a bit in the last decade or so thanks to Enron's Jeff Skilling and "media magnate" Conrad Black (since pardoned) and seems to have fallen out of favor with prosecutors. The "Kids for Cash"[1] people were charged with it but didn't make it into the final plea agreement and Rod Blagojevich (also since pardoned) was charged with it but I think those charges were eventually dropped.
It isn't just Exxon that conducts business like this.
https://www.bloomberg.com/opinion/articles/2021-05-27/exxon-...
We treat pot dealers more harshly than these fucks. Give me a fucking break. I'm sick of it.
Part of being a solution, instead of just yelling on the corner, is starting with a realistic appraisal of the world and options. That's the difference between an engineer and... well, everyone else.
The oil majors are not wrong in that we need (relatively) cheap energy. And will for some time. Any climate policy that isn't honest about that isn't solving anything.
Were the oil & gas companies saying "hey! Yes, this stuff is damaging! We need to get off it ASAP! We're here until we do, and we're putting all our R&D money into expanding out renewables and cleaner energy sources, and not just more oil & gas pipelines", we can have a dialog. Until then? Fuck 'em.
The sea change has been big investors throwing their clout behind ESG initiatives, which would have been laughable even in the 00s.
If we wanted what we espouse to want to happen (big oil got in the renewable business) when we wanted it to happen (1990s?), we should have been pushing for more ESG-flexible shareholder laws & case law for the last few decades.
I mean, changing shareholder laws to allow companies to not prioritize profits > everything? That sounds exactly like the sort of thing the shareholders are going to want the company to fight against. It's the same problem (whether it targets only ESG or not).
As far as I understand the legal landscape, if a solar panel manufacturer turned down a capture and kill takeover offer from an oil company, they'd have to make a case on how it would be financially more beneficial for them to remain independent.
They'd get a summary judgement against them for saying "We think oil will cook our planet, and we will continue doing the less profitable thing because we want our planet to survive."
Which... seems insane that that couldn't be a valid defense. But then, our legal system isn't overly tuned to heading off planet altering, existence-scale threats.
Quit simping for multi billion dollar corporations who have been actively engaged in the destruction of our ecosystem. There are other way to meet our energy needs, and we could have been working on this issue much earlier if it weren't for their interference.
> The oil majors are not wrong in that we need (relatively) cheap energy. And will for some time. Any climate policy that isn't honest about that isn't solving anything.
There are carbon neutral power sources that would have been cheap to deploy. Nuclear was one of those sources but faced years of anti-nuclear lobbying primarily from the oil industry. [1]
Funnily, some of the initial support for solar power came from the fossil fuel industry. Primarily as an anti-nuclear campaign and primarily because they knew solar wasn't feasible early on.
It's only now that solar is far more feasible that the talking points have shifted away from cost and towards reliability.
To be clear, solar is now one of the cheapest forms of power generation. [2] Further, coupling that power generation with nat gas peaker plants has a highly reduced carbon footprint. Eventually replacing those nat gas sources with grid batteries is something that we are now not limited by cost, but rather battery production capacity.
The somewhat new attack I'm seeing now revolves around how dirty mining is. In other words, they appear to be playing the game of "making 'perfect' the enemy of 'good'".
Also funnily, it looks like oil lobbyists are now taking the approach of advocating for nuclear. [3] Why? My speculation is because they know that regulations in the US are now such that it will take years and billions to turn on new nuclear, they are banking on the fact that those regulations won't change and the nuclear projects end up DOA. (prolonging the reliance on fossil fuels).
[1] https://www.forbes.com/sites/kensilverstein/2016/07/13/are-f...
[2] https://pv-magazine-usa.com/2020/05/19/sunny-places-could-se...
[3] https://www.heritage.org/nuclear-energy/commentary/nuclear-c...
It comes across even worse if you’re implying that people haven’t considered this and haven’t been trying to push for energy alternatives for decades. old world energy executives have been caught multiple times using their considerable resources to disrupt those attempts as well and intentionally adding noise, causing signal to noise issues. and just like this newest leak, this is done intentionally in order to intentionally cause signal search fatigue.
we need an accurate analysis of how we got here, and that accurate analysis isn’t “activists are such monkeys they didn't consider we need refrigerated food.”
IMHO, most activists are exactly just that sort of monkey. Just like most fossil fuel defenders are their own kind of head-in-the-sand wilfully denying monkey.
That there are some that look at relative energy balances, viable ramp schedules, critical resource limitations, and capital financing on both sides doesn't excuse those who want to throw feces for the amusement of the crowd.
If you value accuracy in the analysis then you are doing yourself a disservice by only looking at the most ludicrous of street level activists and have somehow missed the incredibly wide variety such as the countless people who are highly highly educated and have strategically placed themselves in international roles in everything from attorneys, to the ceos of their own companies who are building interesting alternatives, and even ignoring the scientists who have been tirelessly and meticulously researching. And most of these who you seem to have missed are incredibly professional humans. Yet you’re trying to portray them as too stupid to realize something as basic as “We need to refrigerate our food.”
It would seem you’re willfully ignoring the decades of research and decades of many different other attempts to bring forward alternatives. They spent those decades of time and resources precisely because we need alternatives.
In my experience, these professionals make up the overwhelming vast majority of those fighting for our climate, I don’t know how you missed them, or if you didn’t miss their existence, I wonder why you’re implying they’re so rare.
And that if equal parts of a randomly selected sampling of people join the "pro-oil" and "anti-oil" sides, the majority (by headcount) of both will be uneducated?
The majority of time and effort towards solutions (on both sides) may be spent by well informed people. But the majority of heads will be of the "Fuck tree huggers" or "Fuck oil workers" ilk.
Which is my original gripe about this subthread: do a position (and honestly, my position) a service by having some nuance in speaking about it.
The very article is all about how these companies are actively sabotaging intelligent debate.
I know it's caricature but please, what's happening is utterly important.
And given that we're talking about the ~12th largest corporation in the world by revenue, a 25% swing in support seems appropriate.
Exxon suddenly becomes unable to operate because we put Greenpeace in charge? Worse things than climate change happen.
Big ship, gentle turns.
Some might argue that certain situations require more agility not less.
Certain segments of the population rarely face the same level of life-altering repercussions that others might.
The response was “3 board seats changed” - which is not meaningful accountability at all. Nothing changes.