It is remarkable what you can achieve when you set the bar really low.
Byannouncing his planto withdraw the United States from participation in the Paris climate accord,shamefully renegingon our nation’s commitment to join with the world community of nations in fighting climate change, President Trump accomplished the striking feat of making appear virtuous and responsible almost every other major entity whose actions have contributed mightily to the problem.
Even ExxonMobil.
That’s right. The world’s largest investor-owned oil and gas company. The company whose long, well-documentedtrack-record of climate deception and disinformationto avoid regulation of its products has earned itcomparisons with the tobacco industryand brought it under investigation by state attorneys general forpossible shareholder fraud.
Media coverage in the lead-up to today’s announcement has regularly contrasted Trump’s rejection of the Paris Agreement with the many calls from leading businesses for the US to stay in. ExxonMobil CEO Darren Woods has in particulargotten a lot of attentionfor his advocacy. Last month, Woodssent a letter特朗普总统,称巴黎协议”n effective framework for addressing the risks of climate change” within which the US is “well positioned to compete” thanks to its “abundant low-carbon resources such as natural gas” and “innovative private industries, including the oil, gas and petroleum sectors.”
As former Clinton Administration Treasury Secretary Lawrence Summersput it, he “never imagined” an administration that’s “way to the right of Exxon on a fossil fuel issue.”
The Union of Concerned Scientists has beenurging ExxonMobil and other fossil fuel companies to support sensible climate policies. Clearly the company deserves some praise for this.
But the disconnect between Darren Wood’s words and continued ExxonMobil actions to thwart climate progress indicates that any praise should be decidedly faint, and combined with continued pressure to do better.
You might think, for example, that ExxonMobil’s call for the US to stay in the Paris Agreement implies that the company actually supports the climate accord’s core goals.
The ParisAgreement’s long-term objectiveis to limit the rise in global average temperatures to well below 2 degrees Celsius (3.6 degrees Fahrenheit) above pre-industrial levels. That is a temperature target above whichthe risks of severe and potentially irreversible impactsfrom rising seas and more extreme weather increase dramatically.
But ExxonMobil, like other major fossil fuel companies, maintains a business model thataggressively invests in developing future reservesand assumes a heavy long-term reliance on fossil fuels.By its own projections, this will lead to continued high carbon emissions, driving increases in global average temperatures on a trajectory to increase 3-4 degrees Celsius this century, posing major risks of catastrophic climate change.
Figure fromForecasting Failure (March 2017)
The company alsocontinues to support climate disinformation and oppose sensible climate and energy policiesthrough its leadership in the American Legislative Exchange Council (ALEC), other lobbying groups, and trade associations like the American Petroleum Institute. ExxonMobil’s failure to break from these groups’ denial of climate science and its implications for constraining carbon emissions belies CEOWoods’s assertionthat “We have a commitment to fundamental science.”
Fortunately,shareholdersare also now calling on ExxonMobil to take climate risks seriously. Despite strenuous objections from the ExxonMobil board, shareholders at this week’sannual meetingin Dallas passed by a nearly two-thirds majority votea resolution calling on Exxon to report on the climate-related business risksthe company faces—from changing technologies and policies that could limit fossil emissions consistent with the Paris Agreement goal of keeping temperatures from rising above 2 degrees.
The company may get some credit for appearing more progressive on climate than President Trump. But it is critical that shareholders, civil society, the attorneys general and other policymakers hold the company accountable for exceeding that low bar by far more than they currently do.
是时候让埃克森美孚佤邦lk the talk.