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In November, the New York Attorney General, launched an investigation into whether or not Exxon had deliberately misled the public about the realities of climate change (similarly to how cigarette companies lied in the 80's / early 90's).
In March, the Attorney Generals of 5 other states (plus the AG from the Virgin Islands) have joined the investigation as well.
Of course, the investigation is being stalled by the Republican members of the House Science Committee, 13 of which have been paid approximately $100,000 from ExxonMobil, and $2,680,383 in contributions from the oil and gas industry.
The corruption is insane.
Between 1998-2005 ExxonMobil reportedly spent $16 million formed over 40 front groups to try and "muddy the waters" by attempting to discredit climate change science.
http://www.ucsusa.org/global_warmin...ion/exxonmobil-report-smoke.html#.V1Z3j5ErLIV
Much like big tobacco, oil companies have been spending big dollars to mislead investors and the public.
The report is pretty damning
ExxonMobil has known about climate change since 1981.
Here are a few excerpts...
"Exxon first got interested in climate change in 1981 because it was seeking to develop the Natuna gas field off Indonesia....
In the 1980s, Exxon needed to understand the potential for concerns about climate change to lead to regulation that would affect Natuna and other potential projects. They were well ahead of the rest of industry in this awareness. Other companies, such as Mobil, only became aware of the issue in 1988, when it first became a political issue...
Exxon NEVER denied the potential for humans to impact the climate system."
https://www.ohio.edu/appliedethics/iape-speakers-and-events.cfm
In 1988, Mobil's president, Richard Tucker gave a speech at at an American Institute of Chemical Engineers national conference, where he cited the "greenhouse effect" as serious environmental challenge.
I could go on and on as this is only the tip of the iceberg. Within the next decade, I smell a huge lawsuit coming, similar to the 2006 ruling that will cost big tobacco $206 billion over 25 years.
Hopefully it comes sooner.
In March, the Attorney Generals of 5 other states (plus the AG from the Virgin Islands) have joined the investigation as well.
Of course, the investigation is being stalled by the Republican members of the House Science Committee, 13 of which have been paid approximately $100,000 from ExxonMobil, and $2,680,383 in contributions from the oil and gas industry.
http://www.ibtimes.com/political-ca...-against-investigation-received-almost-100000Schneiderman’s investigation was intended to look at whether Exxon had made claims about climate change that were belied by its own scientific research. He opened the inquiry just a few months after the Union of Concerned Scientists said it had obtained documents showing Exxon has been aware of the danger posed by man-made climate change for more than 30 years.
The company has denied misleading either investors or the public.
The corruption is insane.
Between 1998-2005 ExxonMobil reportedly spent $16 million formed over 40 front groups to try and "muddy the waters" by attempting to discredit climate change science.
http://www.ucsusa.org/global_warmin...ion/exxonmobil-report-smoke.html#.V1Z3j5ErLIV
Much like big tobacco, oil companies have been spending big dollars to mislead investors and the public.
Despite their outsized role, ExxonMobil and the Koch brothers are just a part of a much bigger story, according to a new UCS report, “The Climate Deception Dossiers.” After spending nearly a year reviewing a wide range of internal corporate and trade association documents pried loose by leaks, lawsuits and Freedom of Information Act (FOIA) requests, UCS researchers have compiled a broader tale of deceit.
Drawing on evidence culled from 85 documents, the report reveals that ExxonMobil and five other top carbon polluters — BP, Chevron, ConocoPhillips, coal giant Peabody Energy and Royal Dutch Shell — were fully aware of the reality of climate change but continued to spend tens of millions of dollars to promote contrarian arguments they knew to be wrong. Taken together, the documents show that these six companies—in conjunction with the American Petroleum Institute (API), the oil and gas industry’s premier trade association, and a host of front groups — have known for at least two decades that their products are harmful and have intentionally deceived the public about the climate change threat.
The report is pretty damning
http://www.huffingtonpost.com/elliott-negin/internal-documents-show-f_b_7749988.htmlThe collected documents reveal the fossil fuel industry campaign has relied on a variety of deceptive practices, including creating phony grassroots groups, secretly funding purportedly independent scientists, and even forging letters from nonprofit advocacy groups to lobby members of Congress.
ExxonMobil’s duplicity is perhaps the most remarkable. Internal documents and public statements stretching back decades show that ExxonMobil’s corporate forerunners Exxon and Mobil, which merged in 1999, acknowledged the threat posed by global warming as far back as the early 1980s.
ExxonMobil has known about climate change since 1981.
Former Exxon and Mobil chemical engineer Leonard S. Bernstein sent last October in reply to a request for comment by an Ohio University ethics professor about how corporations often fail to account for “externalities” such as pollution. Bernstein stated in his email that Exxon was factoring climate change into its resource development decisions more than 30 years ago.
Here are a few excerpts...
"Exxon first got interested in climate change in 1981 because it was seeking to develop the Natuna gas field off Indonesia....
In the 1980s, Exxon needed to understand the potential for concerns about climate change to lead to regulation that would affect Natuna and other potential projects. They were well ahead of the rest of industry in this awareness. Other companies, such as Mobil, only became aware of the issue in 1988, when it first became a political issue...
Exxon NEVER denied the potential for humans to impact the climate system."
https://www.ohio.edu/appliedethics/iape-speakers-and-events.cfm
In 1988, Mobil's president, Richard Tucker gave a speech at at an American Institute of Chemical Engineers national conference, where he cited the "greenhouse effect" as serious environmental challenge.
https://babel.hathitrust.org/cgi/pt?id=pur1.32754074119482;view=1up;seq=522“Our strategy must be to reduce pollution before it is ever generated — to prevent problems at the source,” he said. “That will involve working at the edge of scientific knowledge and developing new technology at every scale on the engineering spectrum. ...Prevention on a global scale may even require a dramatic reduction in our dependence on fossil fuels — and a shift toward solar, hydrogen, and safe nuclear power. It may be possible — just possible — that the energy industry will transform itself so completely that observers will declare it a new industry.”
I could go on and on as this is only the tip of the iceberg. Within the next decade, I smell a huge lawsuit coming, similar to the 2006 ruling that will cost big tobacco $206 billion over 25 years.
Hopefully it comes sooner.