Exxon vs. Reason

Exxon vs. Reason

I’ve written before about efforts to force ExxonMobile to join the growing mainstream Big Oil acceptance of the need for renewable energy. Well, there have been some successes but ExxonMobil is still the only oil giant refusing to invest in renewable energy.

Oil companies like Shell and BP are investing billions of dollars in clean, alternative energy sources that will bring down consumer costs, create new jobs and help save the environment. Meanwhile, ExxonMobil dismisses renewable energy despite repeated Congressional studies showing that we can wean ourselves of our oil dependence by increasing the use of homegrown power from wind and solar, geothermal, and biomass sources.

Instead, ExxonMobil dumps its staggering profits ($10.26 billion in ’06, just shy of 2005’s record $10.36 billion.) into more long-term oil and gas projects, including some of the dirtiest forms of hard-to-get oil around.

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I’ve written before about efforts to force ExxonMobile to join the growing mainstream Big Oil acceptance of the need for renewable energy. Well, there have been some successes but ExxonMobil is still the only oil giant refusing to invest in renewable energy.

Oil companies like Shell and BP are investing billions of dollars in clean, alternative energy sources that will bring down consumer costs, create new jobs and help save the environment. Meanwhile, ExxonMobil dismisses renewable energy despite repeated Congressional studies showing that we can wean ourselves of our oil dependence by increasing the use of homegrown power from wind and solar, geothermal, and biomass sources.

Instead, ExxonMobil dumps its staggering profits ($10.26 billion in ’06, just shy of 2005’s record $10.36 billion.) into more long-term oil and gas projects, including some of the dirtiest forms of hard-to-get oil around.

Given ExxonMobil’s short-sighted and selfish position on one of the most pressing issues of our time, including its continued funding of global warming denial groups, it’s critical to spread the word of the corporation’s misdeeds.

Yes, the company has at least rhetorically bowed to reason and acknowledged that global warming is a “serious issue.” This public position was undercut however in May of 2007 when ExxonMobil president Rex Tillerson told shareholders that there are still too many “unknowns” to warrant meaningful and immediate action (or investment in renewable energy). So visit the Exxpose Exxon website to see how you can help call out and combat Exxon’s dirty doings.

Become a Sustaining Donor This September

Between the reemergence of right-wing red-baiting and Donald Trump’s use of the chilling National Security Presidential Memorandum–7 to criminalize left political organizing, we’re seeing McCarthyism reborn before our eyes.

This assault on democracy cannot be ignored or wished away. Resisting it requires bravery in the face of threats and repression, a steadfast commitment to the truth, and the unwavering belief that we can—and will—overcome this darkness.

We must have an independent media that sets the record straight, unearths corruption and abuses of power, and advances a politics of justice and dignity for all if we’re to win this fight.

That’s why I’m writing to you today. This September, The Nation needs to add 100 monthly donors to sustain our progressive journalism. Your contribution makes the next investigative report, the next truth-speaking column, and the next pathbreaking essay all possible. 

I hope you’ll support our work with a recurring donation today. If you donate $10 or more a month, we’ll send you a brand new “Hands Off the Free Press!” sticker to recognise your commitment to our cause. Please, donate today. 

Onward,

Katrina vanden Heuvel
Editor and Publisher, The Nation

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