Comments on: Shareholder Activism Turns to “Revolt” Against Exxon’s Stance on Climate Change

By: Nick Aster

Nick Aster — Tue, 20 May 2008 22:32:28 +0000

Dusty -
First of all, it’s a shareholder resolution not an imposition, so you should be happy that preasure is coming from there and not elsewhere. Certainly, thes things are voted on and if you don’t like the vote, you can always sell your stock.
Secondly, and much more importantly, the idea is that making some proactive movement towards dealing with climate change (or whatever other issue the resolution concernts) is ultimately GOOD business.
Short term thinking brings companies down eventually. Exxon will make plenty of money in the forseeable future selling oil, but in the long run, that business model needs to change or they are gone. If that’s their choice, then no skin off my back, but why they should stand in the way of science as part of their business philosophy is downright stupid – and that’s what they’ve been doing for years with regards to climate change.

By: Dusty

Dusty — Tue, 20 May 2008 22:03:47 +0000

Bah. I own stock so that they make money… if there’s no money in alternatives… DON’T USE MY MONEY ON THEM!!!
Exxon is an OIL company, not an alternative energy company, why they should invest in things they have no experience in is incomprehensible.
I know, let’s make car companies make boats, airplane companys make trains, desk companies make jewelry, and book companies make computer monitors… makes about as much sense

By: Tauk manny

Tauk manny — Tue, 20 May 2008 20:49:12 +0000

This is really important news! I’m excited to see not only shareholders, but significant shareholders starting to take notice, and take action.