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’
Jan 16, 2026 10:46 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
How the Church can respond to the Coronavirus pandemic
If you had you asked someone on New Year’s Day of 2020 what they envisioned the year ahead might look like, few would’ve imagined that the first few months would be spent canceling trips, events, and academic semesters. Families and college students hadn’t planned to spend their spring break in quarantine. Most businesses didn’t enter the year in fear of stomach-turning Dow Jones plummets and sobering market uncertainty. Regardless of projections, governments across the world are taking extensive measures to...
Cleveland church must stop helping the poor or stop being a church: City govt
After being thrown out of a Cleveland church that doubles as a homeless shelter, a vagrant used a pistol to force his way back inside. Unfortunately, the gun-wielding intruder wasn’t the biggest threat to the facility’s survival: Its own government was. The Denison Avenue United Church of Christ began sheltering the homeless last fall, after joining forces with the Metanoia Project, a local nonprofit. When St. Malachi Catholic Church had to reduce the number of people it housed, Denison UCC...
The Midwest’s growing ‘faith-and-tech movement’
We have long heard about the incessant flow of America’s best-and-brightest workers to the country’s largest urban centers, leading many to fear the consolidated power of “coastal elites” and the continuous disruption of the American heartland. Yet this movement seems to be slowing, as more workers and businesses shift to mid-sized metropolitan areas across the Midwest. Many venture capital firms are following suit, eyeing various eback cities” as frontiers for new growth. Given the many demographic and cultural differences between...
Thousands gather in Venezuela to protest Nicolás Maduro’s government
With coronavirus understandably being the focus of most people’s thoughts these days, it’s not surprising that other important events might escape our attention. Consider, for example, the fact that tens of thousands of Venezuelans took to the streets on March 10 this week in their nation’s capital, Caracas, as well as other cities to demand an end to the Chavista dictatorship of President Nicolás Maduro which has driven the country into an economic black hole from which it shows no...
Christian anthropology begins with you! Three texts for meditation
While seeing is believing, being is best. Being who you are is a lifetime’s work. This has been in the forefront of my mind this past month, as each week I’ve been turning out reading lists on natural law, how to think like an economist, and how to think and talk about politics. I’ve been thinking about seeing, believing, and being, because this week I want to suggest some readings on Christian anthropology. On other topics, I’ve tried to suggest...
By God’s Grace we will win the COVID-19 race
In this global crisis, mankind will find medical weapons to slay the COVID-19 dragon and stave off a massive loss of lives and global economic collapse. However, this means allowing enough operating space for God, through His Grace, by remaining diligently prayerful while also zealous and creative in our scientific research. Read More… “By God’s Grace we will win the race.” I love this optimistic expression used by some of my African priest friends in Rome. It is true that...
Why culture matters for the economy
This article first appeared on February 24, 2020, in Law & Liberty, a project of Liberty Fund, Inc., and was republished with permission. In many peoples’ minds, economics and economists remain locked in a world of homo economicus—the ultimate pleasure-calculator who seeks only to maximize personal satisfaction from the consumption of goods and services and whose occasional displays of seemingly altruistic behavior really only function as a means of self-satisfaction. This conception of economics is far removed from how modern...
End the BBC’s monopoly status
The UK’s exit from the European Union opened a new era of liberty by empowering the British people to control their own destiny. However, state monopolies undermine their newfound autonomy by removing them from key decisions that affect their lives. One of the foremost UK monopolies that has eroded consumer sovereignty is the BBC, argues Rev. Richard Turnbull in a new essay for the Acton Institute’sReligion & Liberty Transatlanticwebsite. Rev. Turnbull – who is both ordained in the Church of...
Dashed hopes in crisis? Be like Charles Borromeo
When the Israelites wondered aimlessly in the desert, often they got lost, were scared and worshiped false idols to abate their worries. They abandoned Yahweh, but the Lord did not reciprocate. Rather, he stood steadfastly by his chosen people, and demanded they walk straight, heads up and remain focused, trusting pletely, for soon would reach the coveted Promised Land. The Old Testament Covenant provided God’s chosen people with the gift of theological hope which the Israelite nation collectively relied on...
The post-liberal Right: The good, the bad, and the perplexing
This article first appeared on March 2, 2020, in Public Discourse, the journal of the Witherspoon Institute, and was republished with permission. Since 2016, much of the American Right has been preoccupied with the liberalism wars. Whether they question aspects of the American Founding, express strong doubts about free markets or press for more assertive roles for the state, post-liberals believe that the ideas variously called “classical liberalism,” “modern conservatism,” or simply “liberalism” have exercised too strong a hold on...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved