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ExxonMobil hit with climate change investigation in New York

Re: ExxonMobil hit with climate change investigation in New

Unread postby vox_mundi » Fri 28 Oct 2016, 10:19:22

Exxon Warns on Reserves as it Posts Lower Profit

Exxon Mobil Corp., which is under state and federal investigation for how it accounts for the value of its oil and gas wells, said Friday that it may be forced to recognize that as much as 4.6 billion barrels of its reserves are no longer profitable to produce.

The disclosure came as the oil producer reported a 38% decline in quarterly profit.

The vast majority of Exxon’s holdings under scrutiny are in Canada’s oil sands, an area that has been devastated by low prices and environmental concerns as countries around the world seek to reduce high-emitting forms of energy. The company also said it plans to examine its assets to determine whether their value should be written down.

About 3.6 Bbbl of reserves in the Canadian oil sands and the equivalent of another 1.0 Bboe in other North American fields may be written down if the average energy prices seen during the first nine months of 2016 persist, Exxon said in the statement.
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Re: ExxonMobil hit with climate change investigation in New

Unread postby kuidaskassikaeb » Thu 08 Dec 2016, 10:33:10

http://www.nybooks.com/articles/2016/12/08/the-rockefeller-family-fund-vs-exxon/

This is a pretty good summary of the case against EXXON mobile, by the other grand children of the Rockefeller.

Basically EXXON scientists knew in the 1980s quite well and with little doubt that global warming was real and a danger to humanity. After a short period of actually investing in science In the hot summer of 1988 they decided to start funding denialist organizations, and play all our conservative friends here for fools.
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Re: ExxonMobil hit with climate change investigation in New

Unread postby KaiserJeep » Thu 08 Dec 2016, 11:14:37

kuidaskassikaeb wrote:http://www.nybooks.com/articles/2016/12/08/the-rockefeller-family-fund-vs-exxon/

This is a pretty good summary of the case against EXXON mobile, by the other grand children of the Rockefeller.

Basically EXXON scientists knew in the 1980s quite well and with little doubt that global warming was real and a danger to humanity. After a short period of actually investing in science In the hot summer of 1988 they decided to start funding denialist organizations, and play all our conservative friends here for fools.


I don't think you quite grasp the principle here. Oil companies sell oil-derived products of all kinds, including plastics, all kinds of petrochemicals used in all kinds of goods, and of course fuels - everything from aviation gasoline to diesel to heavy bunker fuel used in ships and power plants. There are no available replacements for most of these things.

The people who purchase the fuels are the ones who choose to burn these oil products and spew carbon into the air. If you own a vehicle with a fuel tank, you are a planet-killer. There have been viable electric cars for at least two decades - do you even own one, or is it the case that you can't be bothered to?
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Re: ExxonMobil hit with climate change investigation in New

Unread postby kuidaskassikaeb » Mon 12 Dec 2016, 16:08:44

Dear KJ:

At first I thought what you wrote was just a non sequitur, but I think I do get the point. I guess I brought morality into it.

There must be some guilt attached to the actual burning of fossil fuels, and some liberal friends of mine have a way of ignoring the facts. But except for a few beers, the users of the products did not spend any money stop the users of the products from feeling guilty by paying others to lie about the facts. They did not bully or spy on themselves, and they did not personally attack scientists trying to study global warming. Like most liberals they only sit around a complain, an activity which generates very little carbon dioxide. The fossil fuel companies decided to fool some of the people all of the time and pretend that they didn't know what they knew. I think that is called disingenuous.
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Re: ExxonMobil hit with climate change investigation in New

Unread postby dohboi » Wed 12 Apr 2017, 15:41:27

https://robertscribbler.com/2017/04/12/ ... ent-112489

Opposing effective responses to CC is swiftly becoming illegal...perhaps we'll soon see some of our resident denialist trolls behind bars??? :) :) :)
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Re: ExxonMobil hit with climate change investigation in New

Unread postby Cog » Wed 12 Apr 2017, 15:53:53

Good luck with that. You coming personally? I'll bake a cake.

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Re: ExxonMobil hit with climate change investigation in New

Unread postby KaiserJeep » Wed 12 Apr 2017, 17:13:49

I would posit that the only "denialists" here are those that:

- Complain about climate change, while owning a fuel-burning vehicle that spews carbon dioxide. After all, practical and efficient EVs have been available since Tesla shipped it's first car in 2008, or Nissan in 2010. If your car is newer than 2010 and is NOT a zero emissions EV, YOU are a planet-killing "denialist".

- Use grid electricity while living in a private residence, where you could own solar panels or a wind turbine, and generate more power than you consume from the fossil-fuelled grid. If you are "on-grid" but not replenishing your power consumption with carbon-free power, YOU are a planet-killing "denialist".

Those that blame oil companies for emissions have a fundamental problem with causality. We do not blame pencils for mis-spelled words, gun manufacturers for deliberate shootings, those who manufacture/distribute/sell crowbars for break-ins using these tools, etc. etc. etc.

You can argue the merits or lack of scientific rigor in the unproven theories of AGW and CC all day long. But even if one were to postulate the correctness of such theories, the causality for the effects of carbon dioxide emissions are clear: he who burns the fuel or consumes the electricity without replacing consumed power from renewable sources are directly responsible for such emissions.

Now all of you planet-killing, Gaia-raping, and ultimately ever-so-confused AGW fanboys and CC fanboys can chime in and tell me your opinions, which still don't make any sense, no more than the first time we had this debate. I'm still right and you are still wrong.

Now I would point out that almost every time we have this same debate, it's over some article published online by some silly rabble-rowser, who is just as unthinking as those who read his prose and screech "The world is warming! The world is warming!"
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Re: ExxonMobil hit with climate change investigation in New

Unread postby dohboi » Wed 12 Apr 2017, 17:53:13

Ah, managed to get a couple of our trout to rise to the surface with that one!! :lol: :lol:

(kj in particular seem to have forgotten that I do not own a car and that all my electricity comes from renewables...not that either is germane to the point at hand :) :) )
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Re: ExxonMobil hit with climate change investigation in New

Unread postby KaiserJeep » Wed 12 Apr 2017, 18:05:49

That's news to me, as - in spite of me asking more than once - you have never shared your lifestyle details. Please do so, we will take what you say at face value, if it's credible.
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Re: ExxonMobil hit with climate change investigation in New

Unread postby Cid_Yama » Wed 12 Apr 2017, 18:47:44

Shows just how disingenuous Trump Administration climate change denial is. If it's a hoax, why do we need geoengineering?

Under the Trump administration, enthusiasm appears to be growing for the controversial technology of solar geo-engineering, which aims to spray sulphate particles into the atmosphere to reflect the sun’s radiation back to space and decrease the temperature of Earth.

While geoengineering received little favour under Obama, high-level officials within the Trump administration have been long-time advocates for planetary-scale manipulation of Earth systems.

David Schnare, an architect of Trump’s Environmental Protection Agency transition, has lobbied the US government and testified to Senate in favour of federal support for geoengineering.

He has called for a multi-phase plan to fund research and conduct real-world testing within 18 months, deploy massive stratospheric spraying three years after, and continue spraying for a century, a duration geoengineers believe would be necessary to dial back the planet’s temperature.

Geoengineers argue that such methods would be an inexpensive way to reduce global warming, but scientists have warned it could have catastrophic consequences for the Earth’s weather systems.

Scientific modelling has shown that stratospheric spraying could drastically curtail rainfall throughout Asia, Africa and South America, causing severe droughts and threatening food supply for billions of people.

“Clearly parts of the Trump administration are very willing to open the door to reckless schemes like David Keith’s, and may well have quietly given the nod to open-air experiments,” said Silvia Riberio, with technology watchdog ETC Group. “Worryingly, geoengineering may emerge as this administration’s preferred approach to global warming. In their view, building a big beautiful wall of sulphate in the sky could be a perfect excuse to allow uncontrolled fossil fuel extraction. We need to be focussing on radical emissions cuts, not dangerous and unjust technofixes.”

A White House report on climate change research submitted to Congress in January called for the first time ever for research into geoengineering.

US Secretary of State Rex Tillerson has also appeared to support geoengineering, describing climate change as an “engineering problem.” ExxonMobil’s funding of the climate denial industry is under investigation by attorney generals in the United States, but it’s less well known that ExxonMobil scientists under Tillerson’s reign as CEO were leading developers of geo-engineering technologies like carbon dioxide removal.

Asked about solutions to climate change at an ExxonMobil shareholder meeting in 2015, Tillerson said that a “plan B has always been grounded in our beliefs around the continued evolution of technology and engineered solutions.”

link

This is just downright criminal. And insane.
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Re: ExxonMobil hit with climate change investigation in New

Unread postby KaiserJeep » Wed 12 Apr 2017, 19:01:37

Cid, you are trying to change the subject. This thread is about the prosecution of Exxon-Mobil, originally for Climate Change liability during the second half of Obama's second term. That prosecution is dead in the water, unable to produce the requested facts.

The later article indicated above is about Exxon-Mobil's overstatement of oil reserves. That is not criminal, but may well effect the stock price.

Take your Trump bashing to an appropriate thread, it has no purpose here.
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Re: ExxonMobil hit with climate change investigation in New

Unread postby Cid_Yama » Wed 12 Apr 2017, 19:15:28

Right, moron. I've had just about enough of you. You have proved yourself the poster child for abortion.

Please note:

US Secretary of State Rex Tillerson has also appeared to support geoengineering, describing climate change as an “engineering problem.” ExxonMobil’s funding of the climate denial industry is under investigation by attorney generals in the United States, but it’s less well known that ExxonMobil scientists under Tillerson’s reign as CEO were leading developers of geo-engineering technologies like carbon dioxide removal.

Asked about solutions to climate change at an ExxonMobil shareholder meeting in 2015, Tillerson said that a “plan B has always been grounded in our beliefs around the continued evolution of technology and engineered solutions.”


Also note the title of the thread: ExxonMobil Hit with Climate Change Investigation.

So not off topic.

You are not welcome to try and dictate what can and cannot be posted. Idiot.
Last edited by Cid_Yama on Wed 12 Apr 2017, 19:26:17, edited 1 time in total.
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Re: ExxonMobil hit with climate change investigation in New

Unread postby KaiserJeep » Wed 12 Apr 2017, 19:20:21

You provided no link for your text, causing me to assume you faked it. Where is your quote from?

Also note, this is your one warning about ad hominem attacks.
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Re: ExxonMobil hit with climate change investigation in New

Unread postby Cid_Yama » Wed 12 Apr 2017, 19:28:36

KaiserJeep wrote:You provided no link for your text, causing me to assume you faked it. Where is your quote from?

Also note, this is your one warning about ad hominem attacks.


Not ad hominem, direct to your face in a reply to your contentions. And not an attack, just stating the facts. Try looking for the quote in the article I just posted, that HAS a link. You know, the one you apparently didn't read, but decided to attack as off topic.

You want to dish it out, we'll serve it right back.
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Re: ExxonMobil hit with climate change investigation in New

Unread postby KaiserJeep » Wed 12 Apr 2017, 20:07:01

I haven't dished anything out, what I did give you you richly deserved, because Trump-bashing in this thread is in fact, off-topic.

Someone who uses Thomas Paine as his avatar should also strive for his accuracy and clarity of thought.

So let us simply and quickly check your credentials as either a credible critic or fraud:

1) Do you in fact own one or more vehicles with fuel tanks?

2) Do you consume more grid power than you produce from renewable sources?

3) Do you heat your living space with oil, natural gas, or coal-source grid electricity?

4) Do you have carbon offsets for the above sins against the planet?
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Re: ExxonMobil hit with climate change investigation in New

Unread postby Cid_Yama » Wed 12 Apr 2017, 20:17:15

Trump Bashing? I just posted the facts. You may not like them, but what they are planning is criminal.

David Schnare, an architect of Trump’s Environmental Protection Agency transition, has lobbied the US government and testified to Senate in favour of federal support for geoengineering.

He has called for a multi-phase plan to fund research and conduct real-world testing within 18 months, deploy massive stratospheric spraying three years after, and continue spraying for a century, a duration geoengineers believe would be necessary to dial back the planet’s temperature.

Scientific modelling has shown that stratospheric spraying could drastically curtail rainfall throughout Asia, Africa and South America, causing severe droughts and threatening food supply for billions of people.


We are talking mass murder. On a scale Hitler couldn't even dream of. By starvation and loss of surface water resources. All so we don't cut into Exxon's profits.

In fact, enhance Exxon profits by using their Geoengineering technology they so conveniently have already developed.

At some point someone has to stand up and shout NO!

First they came for the communists, and I did not speak out--

because I was not a communist;

Then they came for the socialists, and I did not speak out--

because I was not a socialist;

Then they came for the trade unionists, and I did not speak out--

because I was not a trade unionist;

Then they came for the Jews, and I did not speak out--

because I was not a Jew;

Then they came for me--

and there was no one left to speak out for me. - Martin Niemoller



So will the next version be:

First to die were the Indians, but I was not Indian

Then died the South Americans, but I was not South American

Next died the Africans, but I was not African

Now we are dying, and there is no one to save us


Just because it's unflattering to Trump doesn't make it Trump bashing.

And if it curtails rainfall in China, do you think they will just lay down and die?
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Re: ExxonMobil hit with climate change investigation in New

Unread postby dohboi » Wed 12 Apr 2017, 21:10:43

Supporter: "Give 'em hell, Harry."
Truman: "I just told the truth, and they thought it was hell.'

How different two presidents who share the same first four letters of their name can be! :-D
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Re: ExxonMobil hit with climate change investigation in New

Unread postby KaiserJeep » Wed 12 Apr 2017, 21:36:09

I noticed that neither Cid Y nor doughboy bothered to respond to my challenge about their lifestyles and carbon emissions. I will therefore make the logical assumption that both are hypocritical carbon-spewing Boobs. Which is not at all a reference to female anatomy, rather to this critter:
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Meanwhile, the rest of you can choose between the credibility of myself, who does not actually believe in AGW/CC, but who has altered his lifestyle to minimize FF consumption, and two complete hypocrites professing to believe that AGW/CC is real, who have done nothing whatsoever other than express poorly informed opinions about it.
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Re: ExxonMobil hit with climate change investigation in New

Unread postby Cid_Yama » Wed 12 Apr 2017, 21:57:07

Hey, moron.

I produce electricity by wind and solar and SELL electricity to TXU.

My transportation is electric.

As for my boat, I've installed electric engines, Tesla batteries, and solar panels (and a cylindrical wind generator) to recharge while out on the lake.

We heat by electric. We use no gas whatsoever.

I haven't flown anywhere since the 1990's.

Your attempts to intimidate other posters are feeble.

Didn't respond earlier since generally you are not worth responding to. Don't read anything into it other than you are a twit not worth my time.
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Re: ExxonMobil hit with climate change investigation in New

Unread postby dohboi » Wed 12 Apr 2017, 22:09:45

Nice to hear that there is someone else who has avoided flying for a couple decades or so.

The troll, as trolls do, is trying to change the subject, of course.
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