Exxon Investors Seek Assurance as Climate Shifts, Along With Attitudes

[Mileage Psycho]

Well now that big oil is buying into the climate change thing do you think that your thoughts of climate change being false might change now?

The whole story is at the link, European oil companies have come to grips with the idea that the energy business is going to change because of climate change, and now investors are demanding that Exxon does something before it becomes the next Kodak. 

 

 

Quote

 

Exxon Investors Seek Assurance as Climate Shifts, Along With Attitudes

By CLIFFORD KRAUSS and JOHN SCHWARTZMAY 23, 2016

HOUSTON — Exxon Mobil has been under pressure for over a year to explain its handling of climate change issues in the past. Now the company faces new pressure to explain its future, particularly how it will change in response to a warming world.

At the company’s planned annual meeting on Wednesday in Dallas, shareholders will vote on a resolution to prod Exxon Mobil to disclose the risks of climate change to its business.

Such resolutions have been floated before, and they typically do not pass. But there is a growing chorus of investors, many of them large institutional shareholders, who say they are worried that Exxon Mobil, the largest publicly traded energy company in the world, is not adequately preparing for tighter times if countries start acting on the pledges they made last December as part of the Paris climate change accord.

Exxon Mobil, for example, projects that global demand for oil will keep growing — by just over 13 percent from today, to 109 million barrels of oil a day by 2040.

But the International Energy Agency’s projections include one situation where demand could drop by 22 percent, to 74 million barrels a day by 2040, if measures are put in place to keep global warming at levels that, while still dangerous, could avoid the most devastating consequences.

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The shareholder resolution calls for Exxon Mobil to publish an annual assessment of impacts of various climate change policies, including ones that would lead to the steep drops foreseen in the most severe energy agency’s forecast. Another resolution calls for the company to give shareholders a bigger say over governance.

Foreign energy companies have been more receptive to such resolutions. Last year, even before the Paris agreement was completed, several large European oil companies, including Royal Dutch Shell, Statoil of Norway and BP accepted resolutions that were similar or virtually the same as those facing Exxon Mobil and Chevron.

Those companies, which are based in countries where the governments and public opinion are demanding new climate change initiatives, have pledged to seek renewable energy opportunities.

Statoil even acknowledged that it may, in fact, end up leaving some fossil fuels in the ground. ”Probably there will be assets stranded, yes, because the costs of CO₂ doesn’t make them attractive,” said Bjorn Otto Sverdrup, Statoil’s senior vice president for sustainability.  http://www.nytimes.com/2016/05/24/science/exxon-investors-seek-assurance-as-climate-shifts-along-with-attitudes.html?version=meter+at+2&contentId=&mediaId=&referrer=http%3A%2F%2Fwww.msn.com%2Fen-us%2Fnews%2Fus%2Ffor-obamas-9-bedrooms-and-space-for-secret-service%2Far-BBtuzlB&priority=true&action=click&contentCollection=Politics&module=RelatedCoverage&region=EndOfArticle&pgtype=article&_r=0

 

 

Edited May 28, 2016 by Mileage Psycho
Clean up the cut and paste

[Capt.Storm]

2 strokes burn a lot of oil..just sayin'...not as much as before though..so hey.

[Rod]

The climate has always changed 

[ckf]

20 minutes ago, Sludgey said:

The climate has always changed 

If it didn't where I live would still be covered in ice.

[Rounder]

We will eventually run out of oil, and we will find it all and burn it all. Timeline is the only thing we can slow. With China and India buying more cars each passing year it will deplete at a muchngaster rate. The only question is, will big oil be a major player in energy once oil is done. I do not care at all, as a matter of fact I hope they fail to move quickly enough and simply go away. 

[Capt.Storm]

I think without oil the whole world will be pretty much a third world country!

 

I'm sure i'm wrong..wind and solar will get er done!...fawk those nuke plants right?

[Jimmy Snacks]

8 hours ago, Sludgey said:

The climate has always changed 

I'm sure your words and deep insight are a great comfort to the Exxon Investors....they wait on pins and needles for the sage wisdom of the Manitoba shit kicker.

[revkevsdi]

I don't think the question is whether some people on here will change their minds.

I think the question is will they be the last ones to figure it out.

 

[Capt.Storm]

We will slowly move back to the water!

 

De-evolution?

[Sleepr2]

Globull warming, quick! throw money at government , that'll stop it 

[Rounder]

The world would be great if we could find a clean safe and low cost energy solution. It is an agenda that should be shared by all. However the fear mongering is divisive. Telling people the world will be under water, hurricanes will be a weekly event, drought will wipe out global food supply and a wide array of other hyperbol , is not the way to get everyone on board. Oil is our best resource for mobility, we will use it all. Want real change, then sell the benefits of clean and low cost energy through technological advancement. In the mean time, stop punishing people for using what is a necessity. Fossil fuels are absolutely the only choice for millions right now, as well as the only choice for many vitol heavy industries, taxing people using punitive tax structures in an effort to change what for many is not economically viable is wrong.

[Capt.Storm]

Nuke power plants and electric cars..is that part of the solution?

[Rounder]

6 minutes ago, Capt.Storm said:

Nuke power plants and electric cars..is that part of the solution?

Not really. Batteries made dirty, requiring mining to be produced, nuke is finite as well due to restrictions on the supply of uranium. The sun is the answer, but not with current technology.

[Capt.Storm]

Well I tried..lol.

[Momorider]

On May 28, 2016 at 6:22 PM, Rounder said:

We will eventually run out of oil, and we will find it all and burn it all. Timeline is the only thing we can slow. With China and India buying more cars each passing year it will deplete at a muchngaster rate. The only question is, will big oil be a major player in energy once oil is done. I do not care at all, as a matter of fact I hope they fail to move quickly enough and simply go away. 

Remember the first rule of thermodynamics? will can just harvest the carbon and burn it again, oil iand coal are bring made in real time. As long as the sun is still burning we will never run out  

[Rounder]

59 minutes ago, Momorider said:

Remember the first rule of thermodynamics? will can just harvest the carbon and burn it again, oil iand coal are bring made in real time. As long as the sun is still burning we will never run out  

While in theory that is correct, however we cannot do it. Remember the bug that white oil, whatever happened to that?

[Rounder]

Just now, Rounder said:

While in theory that is correct, however we cannot do it. Remember the bug that shits oil, whatever happened to that?

Shits oil. Cannot edit......

[Rounder]

Bug shit oil...

 

http://www.huffingtonpost.com/2008/06/18/scientists-find-bugs-that_n_107730.html

[Momorider]

45 minutes ago, Rounder said:

While in theory that is correct, however we cannot do it. Remember the bug that white oil, whatever happened to that?

There is 1000 years of known reserve probably 10 x unknown reserves we will know how before then  

[revkevsdi]

Imagine for a moment nuclear fuel rods than can be reverse engineered to create electricity instead of being deadly. Imagine 5 years down the road solar cells being 5 times more efficient. Imagine batteries capable of storing the power.  Imagine a self driving car or a rocket that can land on a drone ship. Some of this shit is going to happen. Our world will change more in the next 10 years than it has in the last 50.  The opinions of the dumb fucks on here like momo won't matter worth a shit. In 10 years the car industry will be devastated, the oil industry to.  Hopefully technology will save our planet and we won't have to rely on stupid shits like Donald Turnip to make it happen. 

 

Edited May 30, 2016 by revkevsdi

[Momorider]

9 minutes ago, revkevsdi said:

Imagine for a moment nuclear fuel rods than can be reverse engineered to create electricity instead of being deadly. Imagine 5 years down the road solar cells being 5 times more efficient. Imagine batteries capable of storing the power.  Imagine a self driving car or a rocket that can land on a drone ship. Some of this shit is going to happen. Our world will change more in the next 10 years than it has in the last 50.  The opinions of the dumb fucks on here like momo won't matter worth a shit. In 10 years the car industry will be devastated, the oil industry to.  Hopefully technology will save our planet and we won't have to rely on stupid shits like Donald Turnip to make it happen. 

 

Who let this imbicile dupe POS in here?  

[revkevsdi]

11 minutes ago, Momorider said:

Who let this imbicile dupe POS in here?  

If you stopped breathing right now, the world would be a better place.  That is the one thing you have going for you.

[Momorider]

2 minutes ago, revkevsdi said:

If you stopped breathing right now, the world would be a better place.  That is the one thing you have going for you.

 dupe 

[Sleepr2]

8 minutes ago, revkevsdi said:

If you stopped breathing right now, the world would be a better place.  That is the one thing you have going for you.

lead by example.

[revkevsdi]

1 minute ago, Sleepr2 said:

lead by example.

Great come back loser. Are you a supporter of Drumpf, Momo and the dumbasses that don't believe in man made climate change?  Don't worry, your contributions aren't necessary. You will be left behind.