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’
May 13, 2026 1:52 PM

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
Sen. Tim Scott’s message of redemption resonates
Our weakened state, due to original sin, does not mean that we are wicked, evil, or insignificant. It means that we have a wound—a particular kind of wound that demands a particular kind of medicine. Read More… In his first address to a joint session of Congress, President Biden offered a renewed vision of America, claiming a revitalizing economy, a growing distribution of vaccinations, and efforts to end injustice against race and gender identity. His e through hollow as many...
Why a baby boom would be good for the environment
If it is true that we face unprecedented and unforeseen challenges when es to environmental catastrophe and deprivation, don’t we need more creativity, more ingenuity and more initiative to pioneer a proper path forward? These are features of civilization e from having more humans. Read More… It’s e fashionable for doomsday prophets to predict that “overpopulation” will lead to mass starvation and environmental catastrophe. Now, however, with humanity facing a global crash in birthrates, many experts are rightly changing their...
John Paul II on work, socialism, and liberalism
This year marks the 30th anniversary of John Paul II’s important encyclical, Centesimus Annus. While the average lay person might not pay attention to formal pronouncements by the Roman Catholic Church, papal encyclicals are significant in their affirmation of the church’s social doctrine. Of course, Protestants have no such magisterium to which they might appeal, and it goes without saying that there exists no such thing as “Protestant social teaching.” Given the importance of the Christian church’s unity and its...
How global leaders used COVID-19 to restrict religious liberty
From violating burial rites to blame-shifting toward religious minorities to anti-Semitic conspiracy theories, the pandemic has served as a precursor to all sorts of anti-religious mischief. A new report from the U.S. Commission on International Religious Freedoms shows how religious freedoms have been curtailed across the world. Read More… COVID-19 has posed unique challenges to religious liberty across the United States, spurring politicians to impose public health measures that restricted in-person worship services. Globally, the situation has often been much...
Finding meaning in work: Christian vocation means working with ‘holy intent’
For those who are lost and looking for meaning in a fragmented world – constantly torn between idols of work and leisure, with little left in between – “the power of holy intent” orients our hearts and hands beyond ourselves. It focuses our worship on the Worker and Creator who made us in his image and likeness. It reminds us that, whether we recognize it or not, he is the one we are truly working for. Read More… America’s new...
The ‘man of public spirit’: Politics as art, not science
Politicians have given us many occasions to be critical of their actions. Politics, like all sausage making, is rarely palatable. Nevertheless, Aristotle observed that man is by nature a political animal, drawn into association with others in order to satisfy inherently social needs. Politics need not take the form of what Ambrose Bierce calls it in The Devil’s Dictionary: “a strife of interests masquerading as a contest of principles.” Of course, thinking about politics clearly and constructively is often made...
A silver lining in the Golden State’s school shutdowns
What happens in California doesn’t tend to stay in California – and that’s usually bad for America. For instance, “55% of all public school students, including those in charter schools, were at home, in distance learning, as of April 30, according to an EdSource analysis of new data released by the state.” However, a new and growing parental rights movement in the state is making headlines, creating change, and forging a national push for the nation’s still-shuttered schools to reopen...
Efficiently combating poverty
This essay won firstplace in the essay contest of the Acton Institute’s 2020 Poverty Cure Summit, which took place on Nov. 18-19, 2020. This essay is presented as it was submitted. – Ed. Eradicating poverty, or at least effectively reducing it, is one of the oldest and most debated issues in the field of economics. Several solutions have already been presented and yet the problem persists in many places. The specificity of each region of the globe makes it even...
Biden’s ‘stimulus’ for a growing economy is all about central control
President Biden wants to pump nearly $2 trillion more into the U.S. economy under the guise of “economic stimulus.” But the country’s economy has already been growing for months, proving that American politicians have adopted the term “stimulus” for a new regime of spending programs that drive up debt needlessly, taking a page out of Xi Jinping playbook. Read More… Proposals for “economic stimulus”, the use of monetary or fiscal policy to stimulate the economy, have e a permanent fixture...
Examining the moral basis of Pope Francis’ pleas for financial regulation – and the morality of ‘speculation’
As Pope Francis recognizes, speculation is part-and-parcel of the modern economic world. He also plainly believes that it is subject to the demands of morality and justice. The question thus es: How do we judge whether any act of speculation is right and just, or wrong and unjust? Read More… In his Prayer Intentions for May 2021, Pope Francis is asking that Catholics pray for strict regulation of financial markets to protect the poor. But is strict government oversight what...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved