dohboi wrote:It's so sweat to see the mighty 6S running to the aid of poor little put-upon Exxon (wealthiest corporation since money was invented)!
GHung wrote:Being a communist is entirely legal.
Misleading shareholders and customers about your products and possible liabilities isn't. You can assign all sorts of ulterior motives to this, and some may be valid, but the courts generally don't care. Exxon could well prevail in this, but it'll be well established at that point just how much bullshit they were feeding the public.
Exxon, Peabody investigated over climate change claims
Exxon spokesman Scott Silvestri said the company has received the subpoena and rejects allegations in media reports that it suppressed research. Silvestri said that for years, Exxon has provided shareholders information about the business risks of climate change.
He cited "ExxonMobil's nearly 40-year history of climate research that was conducted publicly in conjunction with the Department of Energy, academics and the UN Intergovernmental Panel on Climate Change."
"ExxonMobil recognizes that climate risks are real and responsible actions are warranted," Vice President Ken Cohen told reporters in a conference call late Thursday.
He said scientists have publicly issued nearly 150 papers and obtained nearly 300 patents for technological advances in cutting emissions.
"Beginning in the last decade, we've informed shareholders and investors on our perception of the business risks associated with climate change through regulatory filings, our annual corporate citizenship report and in other reports to shareholders," Cohen said.
http://www.foxnews.com/us/2015/11/06/exxon-peabody-investigated-over-climate-change-claims/
ROCKMAN wrote:
Thus the obvious: Little stickers on those ExxonMobil gas pumps: Warning: the US government has determined that consuming motor fuels will cause serious environmental issues. Maybe they could post a picture of a drowning polar bear...similar to posting pictures of a cancerous lung.
ROCKMAN wrote:But again back to the obvious: XOM et al produce oil. If one wants to hang on to the tobacco angle then it should have been the tobacco farmers they went after. After all they and the oil patch only produces the base product. Virtually no one consumes oil or tobacco plants: they consume refinery products and cigarretes. OTOH they could go after the refiners since they are the ones producing the products that produce GHG when consumed. OTOOH they don't sell to the public: the folks who own the gas stations do. Hmm...that logic would lead to going after the stores that sold the cigarrettes and not the folks that made them...just as the refineries made the motor fuels and didn't sell it directly to the consumers. So exactly where in the long line of the process do you hang the responsibity?
But lets not forget the obvious: despite the near universal acceptance that smoking causes illnesses the govt still allows the sales of cigarrettes in the country. Not only that but the US is thd largest exporter of those death sticks...just as it is also the largest exporter of refinery products.
Thus the obvious PRECIDENCE: Little stickers on those ExxonMobil gas pumps: Warning: the US government has determined that consuming motor fuels will cause serious environmental issues. Maybe they could post a picture of a drowning polar bear...similar to posting pictures of a cancerous lung.
ROCKMAN wrote:If one wants to hang on to the tobacco angle then it should have been the tobacco farmers they went after. After all they and the oil patch only produces the base product. Virtually no one consumes oil or tobacco plants: they consume refinery products and cigarretes. OTOH they could go after the refiners since they are the ones producing the products that produce GHG when consumed. OTOOH they don't sell to the public: the folks who own the gas stations do. Hmm...that logic would lead to going after the stores that sold the cigarrettes and not the folks that made them...just as the refineries made the motor fuels and didn't sell it directly to the consumers. So exactly where in the long line of the process do you hang the responsibity?
But lets not forget the obvious: despite the near universal acceptance that smoking causes illnesses the govt still allows the sales of cigarrettes in the country. Not only that but the US is thd largest exporter of those death sticks...just as it is also the largest exporter of refinery products.
Thus the obvious PRECIDENCE: Little stickers on those ExxonMobil gas pumps: Warning: the US government has determined that consuming motor fuels will cause serious environmental issues. Maybe they could post a picture of a drowning polar bear...similar to posting pictures of a cancerous lung.
GHung wrote:Rock; I'm sure the climate lobby has done its best to move this thing along. Their agenda, and just business. If that was your agenda, would you go after a thousand little guys, or go after a big guy who set themselves up for this kind of attack? Again, just business.
More than one way to skin an asshole.
Point being, if Exxon set itself up for an attack from the climate folks, via the courts, tough shitski.
Sixstrings wrote:
Think about it -- like how even the Obama admin's own justice department is now talking about the "fergusson effect," that crime is skyrocketing because police have become afraid to do anything.
The same could happen in the business community, and then we're into a socialist situation like in "Atlas Shrugged" with business scared to do business because they'll have to wind up paying reparations to somebody.
Cog wrote:The climate change gurus know they can't actually stop the use of oil. What this amounts to is a shakedown of a big corporation to fund whatever failed programs that Congress will not approve of.
Ideally a judge will toss this and give punitive damages and lawyer fees to Exxon to punish New York State for filing a frivolous lawsuit.
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