Space Travel News  
OIL AND GAS
ExxonMobil, Rockefellers face off in climate battle
By Luc OLINGA
New York (AFP) April 18, 2016


US energy giant ExxonMobil is facing an onslaught from environmentalists and some shareholders alleging it hid what it knew about the effects of fossil fuels on climate change.

In an ironic twist: among the opponents is the Rockefeller Family Fund, built on the fortune amassed by John D. Rockefeller, founder of Standard Oil, which became Esso, then Exxon and then, in 1999, ExxonMobil.

The RFF met last January, in secret, in Manhattan with environmental nongovernmental groups "to establish in the public's mind that Exxon is a corrupt institution that has pushed humanity (and all creation) towards climate chaos and grave harm," according to an internal document on the meeting seen by AFP.

"We hosted a meeting with leading advocates to understand their thoughts on how to best respond to the outrageous conduct," Lee Wasserman, the director of RFF, told AFP.

They adopted a strategy to attack ExxonMobil on legal grounds, by convincing authorities to launch investigations and by filing lawsuits. In other words, replicating the tactics used against the tobacco industry in the 1990s.

"This is a conspiracy to deliberately misrepresent the company position and to tear down the company," Alan Jeffers, a spokesman for ExxonMobil, told AFP.

According to a person close to the situation who requested anonymity, certain members of the Rockefeller family have privately expressed opposition to the campaign against ExxonMobil.

Bill McKibben, founder of the NGO 350.org who participated in the January meeting, has pushed for investigations into whether ExxonMobil broke the law.

"We want everyone we can think of to know it broke every kind of moral law," McKibben said in an email.

The ecologist led the ultimately successful opposition against the Keystone XL pipeline, which would have brought Canadian oil sands production from Alberta to the US Gulf states.

The ExxonMobil critics accuse the oil company of having, since 1977, research showing that fossil-fuel energy has a harmful impact on climate, but that it kept the information to itself.

Denouncing the critics charges as "inaccurate" and a "conspiracy", ExxonMobil insists that it had acknowledged the risks of climate change as soon as it was possible, that is, in the 2000s.

Accusing the Rockefeller organization of influencing the media and the authorities, the Texas firm has pledged to publicly defend its positions, although until now it has maintained a certain discretion about the subject.

The change in attitude is due to the power of the Rockefellers, who not only have the colossal financial means to contest ExxonMobil on all battlegrounds, but also the influence of their powerful family name.

- InsideClimate, Columbia probes -

The RFF has based its opposition on two separate investigations, by the InsideClimate News and the journalism school at Columbia University in New York, that found ExxonMobil knew in the 1970s that fossil fuels were a major source of climate change.

InsideClimate, like the Columbia school, received financing from the Rockefellers.

The RFF also criticizes ExxonMobil's support of think tanks "which helped create doubt about the profound risks associated with climate change."

That includes the lobbying group the American Legislative Exchange Council, which is financed by companies including ExxonMobil, Jeffers acknowledges. Cynthia Bergman, an executive at the oil group, is a member of ALEC's advisory council.

Since the probe revelations, a number of states have launched investigations into whether it lied about climate change. The state of New York, for example, has requested documents related to the allegations and a list of associations and NGOs financed by the company.

While Jeffers says the company is cooperating with these investigations, ExxonMobil is fighting a legal battle over an investigation launched by the US Virgin Islands as the group of Caribbean islands faces the threat of rising water levels blamed on climate change.

The activists and the RFF could score a first victory on May 25 if ExxonMobil shareholders approve a resolution requiring the company to disclose the impact of climate change on its business, a policy agreed at the climate summit in Paris last year.

A dozen shareholders, including the huge California state pension fund CalPERS, French bank BNP Paribas and insurer AXA, are backing approval of the measure.

lo/vs/mdl

EXXONMOBIL

BNP PARIBAS

AXA


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Goodrich Petroleum files for bankruptcy
Houston (UPI) Apr 15, 2016
U.S. energy company Goodrich Petroleum Corp. announced Friday it filed for bankruptcy protection in an effort to erase $400 million in debt. "Through the Chapter 11 restructuring, the company will eliminate approximately $400 million in debt from its balance sheet, substantially deleverage its capital structure and strategically position the Company for long-term performance in an antic ... read more


OIL AND GAS
SpaceX lands rocket on ocean platform for first time

SpaceX cargo arrives at crowded space station

Orbital ATK receives NASA order for rockets

NASA Progresses Toward SpaceX Resupply Mission to Space Station

OIL AND GAS
Help keep heat on Mars Express through data mining

Ancient Mars bombardment likely enhanced life-supporting habitat

Opportunity's Devilish View from on High

Mars Longevity Champion Launched 15 Years Ago

OIL AND GAS
Lunar lava tubes could help pave way for human colony

The Moon thought to play a major role in maintaining Earth's magnetic field

Moon Mission: A Blueprint for the Red Planet

The Lunar Race That Isn't

OIL AND GAS
Icy 'Spider' on Pluto

Planet X takes shape

Multitasking New Horizons observed solar wind changes on journey to Pluto

New Horizons fills gap in space environment observations

OIL AND GAS
Stars strip away atmospheres of nearby super-Earths

Cooked planets shrink due to radiation

More accurately measuring distances between planetary nebulae and Earth

New tool refines exoplanet search

OIL AND GAS
SLS Avionics get in the ring for the Journey to Mars

Airbus team sign long-term agreement for hybrid electric propulsion systems

XS-1 program to ease access to space enters Phase 2

NASA 'green' propellant passes major pre-flight milestone

OIL AND GAS
Lessons learned from Tiangong 1

China launches SJ-10 retrievable space science probe

Has Tiangong 1 gone rogue

China's 1st space lab Tiangong-1 ends data service

OIL AND GAS
SwRI-led team identifies clathrate ices in comet 67P

Glass beads, meteorite fragments hold secret to working on asteroids

The colour-changing comet

Asteroid-Hunting Spacecraft Delivers a Second Year of Data









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.