Exxon/Mobile-"Taking on the world's toughest energy problems"

[panader0]

I've noticed a lot of ads on TV by these crooks. Apparently, they have so much money from gouging us at the gas pump that they can afford to throw propaganda at us. What am I saying, they have more money than God.

[predfan]

1. Congrats to these guys for their landing that no-bid contract with Iraq, WITHOUT white house help.

I'm sure they'll be publicly thanking the 4000 plus families for the sacrifice of their sons and daughters and, of course, the American taxpayer, as we will be sending our taxes and children to Iraq for the next few generations to stand guard over the oilfields.

God I wish it was November now.

[JackRiddler]

2. Did you catch this unbelievable story about them?

Last month the Rockefeller family floated a shareholder proposal to divert some of Exxon's $40 billion profit (all-time corporate record) to energy alternatives and reducing greenhouse emissions. The management opposed it, saying all profits should go back into oil drilling, and the proposal was voted down.

The highest profits ever achieved - all windfall thanks to peak oil, Iraq and the rise of the new industrial powers - into creating alternative energies because these are risky, while oil makes sure profits.

Did you ever hear a better argument for immediate nationalization of the oil multis, so that we can repurpose these resources for rational development?


http://money.cnn.com/2008/05/27/news/companies/exxonmobil_shareholder_meeting/?postversion=2008052816

Exxon investors nix Rockefeller proposals
Push to split chairman and CEO roles and make the energy heavyweight more environmentally friendly is defeated.
By Ben Rooney, CNNMoney.com staff writer
Last Updated: May 28, 2008: 4:50 PM EDT

Rockefellers' green rebellion


NEW YORK (CNNMoney.com) -- Exxon Mobil Chairman and Chief Executive Rex Tillerson will keep both of those titles after a shareholder resolution to split the jobs was defeated Wednesday. A preliminary vote at the company's annual meeting in Dallas found that only 39.5% of shareholders were in favor of splitting the jobs, down slightly from last year's 40%.

(...)

Overall, none of more than a dozen proposals on the meeting's agenda received enough votes to pass. All were opposed by Exxon Mobil's board. The Rockefeller family members had also expressed support for a number of other proposals, including one urging Exxon Mobil to curb greenhouse gas emissions and another calling on the company to develop sources of alternative fuel. The greenhouse gas proposal won 31% of shareholders' votes and the plan to require Exxon Mobil to increase renewable energy research received 27% of the vote.

Peter O'Neill, a great-great grandson of John D. Rockefeller, said after the meeting that while he and members of his family are pleased with Exxon Mobil's financial performance, they think more needs to be done. "All of Exxon Mobil's acknowledged strengths are no guarantee it will remain flexible and visionary in light of the changing energy realities that lie ahead," O'Neill said. "That's why we support our company having an independent chair."

(...)

For its part, Exxon Mobil argued that it has tried to become more efficient rather than investing in alternative sources that may not pay off. "We're focused on safely and reliably meeting the growing energy demand while working to reduce our impact on the environment," Tillerson said in a statement. Exxon Mobil said it has spent more than $2 billion over the past five years on initiatives to reduce greenhouse gas emissions and improve efficiency, and plans to spend another $1 billion by 2010.

$2 billion for reductions and efficiency - over five years!

$40 billion in a year, back into oil.

We have to understand how capitalism is the problem: it creates incentives for people to stay on an insane course.

[panader0]

3. Nationalization-YES!!