Home
/
RELIGION & LIBERTY ONLINE
/
Religious shareholders attack ExxonMobil’s reputation, worry about oil giant’s ‘reputational risk’
Religious shareholders attack ExxonMobil’s reputation, worry about oil giant’s ‘reputational risk’
Mar 10, 2026 8:09 AM

The Interfaith Center on Corporate Responsibility, shareholder activists of the corporate God-fly variety, are gearing up for the May 25 ExxonMobil Corporation annual general meeting. The ICCR agenda isn’t about maximizing shareholder value, but seems far more intent on reducing it.

For the record, your writer possesses no financial stake in ExxonMobil, but if he did it’s certain he’d be upset mightily at ICCR’s efforts to hobble the industry giant and send stock prices plummeting even further. The religious-left activists of ICCR have submitted seven proxy resolutions aimed at ExxonMobil this season. Aiming to protect the interests of all its investors, pany challenged the resolutions, but was overruled by the U.S. Securities and Exchange Commission. According to the ICCR website:

Included in this group of resolutions are calls for greater disclosure of lobbying activities that may be tied to the types of climate change denial campaigns currently under investigation, as well as a call for board expertise on environmental issues and a resolution asking that pany acknowledge the “moral imperative of limiting global warming to 2 celsius”, the threshold participants at the COP21 climate talks agreed could not be exceeded if we are to safeguard our planet’s future. Another resolution asks that pany assess the risks of their carbon assets within the context of this carbon-constrained future.

And this, from one of ICCR’s actual resolutions:

As a large GHG [greenhouse gas] emitter with carbon intensive products, ExxonMobil should robustly support the framework to address climate change resulting from the 21st Conference of Parties of the United Nations Framework Convention on Climate Change in December 2015. Constructive engagement on climate policy is especially important given Exxon’s historical role in financing climate denial and misinformation campaigns on climate change. Failing to address this could present reputational risk for ExxonMobil. In contrast to ExxonMobil, ten oil industry peers including Total, Shell, BP, and Saudi Aramco, and business leaders in other industries, support an international agreement to limit warming to 2°C.

Ahhh, “climate denial,” to which your writer sarcastically offers the interrogative: “Could there be anything more morally reprehensible than questioning the veracity of scientifically inconclusive claims of imminent catastrophic climate-change?” But such is the dogmatic nature of these corporate God-flies that the question is rendered rhetorical. Never mind the facts that support the use of fossil fuels as essential to reducing world poverty because facts usually get in the way of a good photo-opportunity.

The Washington Post, in an op-ed this week aimed at a specific U.S. presidential candidate who voices much the same claptrap as ICCR, refutes many of the generalized claims weighed against fossil fuels:

When burned, natural gas produces about half the carbon dioxide emissions of coal. The recent fracking boom contributed to a reduction in national carbon dioxide emissions over the past several years, as utilities switched from cheap coal to now-cheaper gas. It is true that some concerns remain. Methane leaks from natural gas wells and pipelines. Many worry about drinking water near fracking operations. But the government can require drillers to address these issues without shutting the industry. It is also true that natural gas is a waystation; though it is cleaner than coal, natural gas still produces carbon dioxide emissions. Yet gas’s price and emissions profile is still attractive enough that the Environmental Protection Agency’s Clean Power Plan, the most aggressive global warming policy the country has ever had, relies on gas displacing coal to meet medium-term emissions goals….

Nuclear accounts for about a fifth of the country’s electricity, and it is practically emissions-free. Shutting down that much clean electricity generation would put the country into a deep emissions hole…. Yet every dollar spent to replace one carbon-free source with another is a dollar that could have been spent replacing dangerous and dirty coal plants. Under [the candidate’s] vision, either the country would fail to maximize emissions cuts, or it would waste huge amounts of money unnecessarily replacing nuclear plants. Unsurprisingly, the Clean Power Plan relies on nuclear, too, assuming that the country will get about the same amount of electricity from nuclear in 2030.

Now, mind you, your writer doesn’t endorse all of the WaPo’s arguments. First of all, he’s not convinced cheap and plentiful coal should be pletely from our nation’s energy portfolio as opposed to exercising cleaner ways of burning it for energy. And, while “many worry about drinking water near fracking operations” might sound like pelling argument to “some” readers, it’s remarkably vague in identifying specific people, their numbers and the legitimacy of their concerns.

All told, however, it’s a far-more reasoned – and moral – response to the efforts ICCR is waging against ExxonMobil, panies and their respective shareholders.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Keeping warm during the ‘Beast from the East’? Thank energy investors
As the UK beds down for the night, it is blanketed with government alerts that traveling out into the snow-covered landscape might prove deadly – as it already has for 10 people ranging in age from seven to 75. The snowfall may total more than 19 inches, as Storm Emma collides with the “Beast from the East.” Subzero temperatures also strained energy supplies on Thursday, triggering the largest spike in consumer demand in eight years. While far from perfect, the...
Fact-checking Le Pen: Does free trade create ‘slaves in developing nations’?
In her CPAC speech, Marion Maréchal-Le Pen linked free trade with slavery in the developing world. The former member of the French National Assemblysaid: If we want to make France great again, we must defend our economic interests in the global market. The EU submits us to petition with the rest of the world. We cannot accept a model thatcreates slavesin developing nations andunemployedin Western countries. Is it true that the free market “creates slaves in developing nations”? The Global...
6 Quotes: William F. Buckley, Jr. on collectivism, freedom, and power
Today is the tenth anniversary of the death of William F. Buckley, Jr., founder of National Review and the father of postwar American conservatism. In his honor, here are six quotes by the inimitable writer on collectivism, freedom, and power. On government power (I): “The government can’t do anything for you, except in proportion as it can do something to you.” On government power (II): “[A] democracy can itself be as tyrannical as a dictatorship, since it is the extent,...
How budget constraints affect consumer choices
Note: This is post #70 in a weekly video series on basic microeconomics. There are numerous variables that determine the price of goods and services—including your willingness to pay the price. Because we have choices in what we buy, the price is relative to other goods. For example, one pizza may cost the equivalent to two cups of coffee so we have to make tradeoffs between goods. We also have budget constraints, which are a crucial variable in helping you...
Work as flourishing in prison: The power of a ‘triple bottom line’ business
For much of his life, Pete Ochs was a successful investment banker in Wichita, Kansas. Yet having started his own business and created significant wealth through a series of investments, he struggled to see the value and purpose of it all. When the market took a turn for the worse, he realized that something needed to change. “After 9/11, our business dropped 50%, and I looked at God and said, ‘don’t you understand what I’ve done for you?’” he explains....
Justice Alito exposes the hypocrisy of liberal double-standards
You probably haven’t even heard about it, but yesterday there was an exchange in the Supreme Court that future generations will regard as one of the most significant revelations of our political era. The case of Minnesota Voters Alliance v. Mansky concerns a Minnesota statute that broadly bans all political apparel at the polling place. When Andrew Cilek went to vote in 2010, he wore a shirt bearing the image of the “Don’t Tread on Me” flag and a button...
Radio Free Acton: Yuval Levin on finding solidarity in the Age of Trump; Upstream on ‘Black Panther’
On this episode of Radio Free Acton, Marc Vander Maas, audio/visual manager at Acton, speaks with Yuval Levin, Vice President of the Ethics and Public Policy Center, on finding solidarity in the “Age of Trump,” what it means, how it came about, and then touch on the history of political polarization in America. On the Upstream segment, Caroline Roberts has a discussion with Julian Chambliss, professor of history at Rollins College, on Marvel’s new hit movie, “Black Panther.” Check out...
Alex Chafuen awarded for an exemplary career in defense of freedom
Today The Instituto Juan de Mariana has awarded the “Premio Juan de Mariana” to Acton’s Director of International Outreach Alex Chafuen. This award recognizes an exemplary career in the defense of freedom and liberty. The Juan de Mariana Prize is presented at the Freedom Dinner as a part of Freedom Week. Chafuen was recognized especially for his work at the Atlas Network. During 26 years with Chafuen in a leading role, Atlas brought together more than 450 institutions from almost...
Natural law and Protestantism revisited
One of the more pervasive myths surrounding the Protestant reformations is that they represented a wholesale rupture with the moral traditions that preceded, particularly with respect to natural law. In an influential recent study, for instance, Brad S. Gregory claims that “those who repudiated the Roman church uncoupled the medieval discourse on natural rights from the teleological Christian ethics within which it had been embedded.” Scholarship on this point has not always been so blinkered, however. John T. McNeill wrote...
Black Panther has something important to offer
In this week’s Acton Commentary I examine the dynamics of marginalization and solidarity in the blockbuster phenomenon Black Panther. As so mentators have suggested, there’s a lot to this film, and one of the important things it has to offer is a valuable perspective on the underlying unity amidst diversity in humanity. Another aspect of the film worth highlighting is that it presents Wakanda, and Africa more generally, as having something positive to offer the world; advanced technology and rare...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved