ExxonMobil is suing investors who want tougher action on climate change | Hacker News Reader

ExxonMobil is suing investors who want tougher action on climate change

npr.org

93 pointsDocFeind21 comments

Open articleView on HN

So the investors are being sued by the company they own shares in.

In a sense, then, the investors are suing themselves.

This is no different than when someone sues the state.

Or suing your HoA.

Or HoA suing you...

Or a teenager suing her parents ...

Buy more stocks and fire the board

That's a lot of stock

Imagine having to buy up magic bits to try to save the planet from corporate paperclip maximizers. What a timeline.

It would be more realistic to try to nationalize them purraps.

So the TL;DR is a pair of activist investors have been submitting the same or similar proposals around carbon emission reduction repeatedly for years and Exxon is alleging that this is in violation of SEC rules about how often the same proposal can be filed and seeking enforcement.

I mean… fine. But at some point this is people (along with other people) trying to do nothing about climate change.

May pessimistic take is: We all better pray “market forces” deal with this problem because that’s the only way carbon emissions will end.

Funny you should say that, as Exxon's CEO blames consumers for not acting.

> Exxon CEO blames public for failure to fix climate change

https://thehill.com/policy/energy-environment/4494543-exxon-...

Reminds me of drug dealers blaming the users they hooked them up in the first place.

While he's more than likely morally and ethically bankrupt and manipulating the situation, he's technically not wrong with placing some blame on the public. I think last I saw, 40% of people still didn't believe climate change was impacting them. A good chunk don't believe in climate change at all. The average Joe/Jane is still buying gas-guzzling vehicles.

Sure, if we were all not easily programmed meat machines, who don't live in a world where $ = speech = programming, then we would all be equally to blame.

Meanwhile some people are gluing themselves to roads in desperate protest, and we make fun of them because they are inconvenient.

And a big part of people not believing in climate change is a persistent and pervasive disinformation campaign by oil companies and the wealthy.

I'm trying to learn more about what disinformation is, could you please post your thoughts under the following Ask HN post?

https://news.ycombinator.com/item?id=39554369

It my very well be possible that its not currently impacting them in any meaningful way. Its one of those things that you can ignore until you can't. It still is a step in the right direction cuz at least people don't really flat out deny it's happening anymore, just debate how much we should care.

In the top picture of the article, they show Exxon, Apache, Chevron, and Core Lab data on the prominent NYSE energy trading screen.

One of these is not like the others.

That's this https://apacorp.com/ Apache

It's the most outrageously cyberpunkish thing I read this week and despite my love for the genre I must admit that living it is less fun than reading it.

Reply on news.ycombinator.com