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’
Apr 25, 2026 5:04 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
Verse of the Day
  Commentary on Today's Verse   Commentary on 1 John 4:1-6   (Read 1 John 4:1-6)   Christians who are well acquainted with the Scriptures, may, in humble dependence on Divine teaching, discern those who set forth doctrines according to the apostles, and those who contradict them. The sum of revealed religion is in the doctrine concerning Christ, his person and office. The false...
Verse of the Day
  Commentary on Today's Verse   Commentary on Psalm 91:1-8   (Read Psalm 91:1-8)   He that by faith chooses God for his protector, shall find all in him that he needs or can desire. And those who have found the comfort of making the Lord their refuge, cannot but desire that others may do so. The spiritual life is protected by Divine grace...
Verse of the Day
  Commentary on Today's Verse   Commentary on Psalm 27:1-6   (Read Psalm 27:1-6)   The Lord, who is the believer's light, is the strength of his life; not only by whom, but in whom he lives and moves. In God let us strengthen ourselves. The gracious presence of God, his power, his promise, his readiness to hear prayer, the witness of his Spirit...
Verse of the Day
  Commentary on Today's Verse   Commentary on Deuteronomy 6:4-5   (Read Deuteronomy 6:4-5)   Here is a brief summary of religion, containing the first principles of faith and obedience. Jehovah our God is the only living and true God; he only is God, and he is but One God. Let us not desire to have any other. The three-fold mention of the Divine...
Verse of the Day
  1 Timothy 6:11 In-Context   9 Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction.   10 For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many...
Verse of the Day
  Commentary on Today's Verse   Commentary on Proverbs 16:25   (Read Proverbs 16:25)   This is caution to all, to take heed of deceiving themselves as to their souls.   Proverbs 16:25 In-Context   23 The hearts of the wise make their mouths prudent, and their lips promote instruction.Or prudent / and make their lips persuasive   24 Gracious words are a honeycomb, sweet to the...
Verse of the Day
  Commentary on Today's Verse   Commentary on Psalm 27:7-14   (Read Psalm 27:7-14)   Wherever the believer is, he can find a way to the throne of grace by prayer. God calls us by his Spirit, by his word, by his worship, and by special providences, merciful and afflicting. When we are foolishly making court to lying vanities, God is, in love to...
Verse of the Day
  Commentary on Today's Verse   Commentary on Isaiah 42:5-12   (Read Isaiah 42:5-12)   The work of redemption brings back man to the obedience he owes to God as his Maker. Christ is the light of the world. And by his grace he opens the understandings Satan has blinded, and sets at liberty from the bondage of sin. The Lord has supported his...
Verse of the Day
  Commentary on Today's Verse   Commentary on James 3:1-12   (Read James 3:1-12)   We are taught to dread an unruly tongue, as one of the greatest evils. The affairs of mankind are thrown into confusion by the tongues of men. Every age of the world, and every condition of life, private or public, affords examples of this. Hell has more to do...
Verse of the Day
  Commentary on Today's Verse   Chapter Contents   This is a hymn of praise suited to the times of the Messiah.   The song of praise in this chapter is suitable for the return of the outcasts of Israel from their long captivity, but it is especially suitable to the case of a sinner, when he first finds peace and joy in believing;...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved