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Where's the accountability? We're facing a global crisis. Once again, the rich are insulated from the consequences of their greed, while the poorest suffer the
by Forbo 5y ago
Where's the accountability? We're facing a global crisis. Once again, the rich are insulated from the consequences of their greed, while the poorest suffer the most. It's high time those who sold us out should have to answer for their actions. Something on the order of seven billion counts of reckless endangerment should do it.
- ethbr0 5y agoLike Exxon losing 3 (of 12) board seats in May to Engine No. 1's ESG proxy fight, via the support of major institutional investors? https://www.bloomberg.com/opinion/articles/2021-05-27/exxon-lost-a-climate-proxy-fight https://www.bloomberg.com/opinion/articles/2021-05-27/exxon-...
- Forbo 5y agoBoo hoo, they lost some board seats! What a world!! We treat pot dealers more harshly than these fucks. Give me a fucking break. I'm sick of it.
- ethbr0 5y agoYou know that boards elect CEOs and approve pay packages? So the Exxon CEO just lost 25% of his boardroom support.
- eggsmediumrare 5y agoI would rather see him lose his job, wealth and freedom, but I guess it's a start?
- ethbr0 5y agoIn the words of Meatloaf, a shove down the road to two out of three ain't bad. And given that we're talking about the ~12th largest corporation in the world by revenue, a 25% swing in support seems appropriate. Exxon suddenly becomes unable to operate because we put Greenpeace in charge? Worse things than climate change happen. Big ship, gentle turns.
- toofy 5y ago> Big ship, gentle turns. Some might argue that certain situations require more agility not less.
- deleted 5y ago[deleted]
- rxhernandez 5y agoHow big is his severance going to be if he loses complete support from the board? Is he going to get any jail time with that severance?
- toofy 5y agoI suspect that won’t happen. Certain segments of the population rarely face the same level of life-altering repercussions that others might.
- Forbo 5y agoI'm sure that's great consolation to the families of people dying in heat waves and once-every-10,000-years weather disasters. Also climate migrants will rest easy knowing that the Exxon CEO "lost support".
- ethbr0 5y agoAs opposed to the people starving, freezing, and overheating because they don't have reliable and affordable access to energy? Part of being a solution, instead of just yelling on the corner, is starting with a realistic appraisal of the world and options. That's the difference between an engineer and... well, everyone else. The oil majors are not wrong in that we need (relatively) cheap energy. And will for some time. Any climate policy that isn't honest about that isn't solving anything.
- lostcolony 5y agoSure...which is in part because of decades of FUD inserted to slow down the adoption of cleaner energy sources, a practice which has not abated. Were the oil & gas companies saying "hey! Yes, this stuff is damaging! We need to get off it ASAP! We're here until we do, and we're putting all our R&D money into expanding out renewables and cleaner energy sources, and not just more oil & gas pipelines", we can have a dialog. Until then? Fuck 'em.
- ethbr0 5y agoWere they to do that, their shareholders (including and perhaps especially their institutional ones) would have sued the pants off them, tossed them out of their jobs, and demanded that Exxon get back to the business of making as much money as possible, as soon as possible. The sea change has been big investors throwing their clout behind ESG initiatives, which would have been laughable even in the 00s. If we wanted what we espouse to want to happen (big oil got in the renewable business) when we wanted it to happen (1990s?), we should have been pushing for more ESG-flexible shareholder laws & case law for the last few decades.
- pjerem 5y agoThat's not serious, those people are accountable for our world actually burning and the sentence is that it'll be harder this year to get all the options on their new yacht ? Maybe they'll even need to use the same embedded submarine than the year before. I know it's caricature but please, what's happening is utterly important.
- some_hacker 5y agoNo. Not like that at all. That’s meaningless.
- newfonewhodis 5y agoI sense sarcasm from you. How is having 3/12 board seats meaningful? What can the 3 board members do?
- some_hacker 5y agoIt’s not meaningful at all. The original comment asked “where’s the accountability” The response was “3 board seats changed” - which is not meaningful accountability at all. Nothing changes.
- Forbo 5y agoYou're probably getting downvoted for cynicism, but in this case I think it is completely warranted. I vouched for your comments.
- polishdude20 5y agoDon't these people know that if worst comes to worst and we get into a Fallout type of scenario, the people on the bottom who have survived will not have any qualms about doing the worst they can to these people?
- pjerem 5y agoThat's because they know that fallout type scenario wont happen. Things will broke apart year after year. It's not coming hardly enough during their lifetimes and they already own enough to be protected from nearly everything (like, some islands).
- hulitu 5y agoThat's what Romanovs also thought.
- galangalalgol 5y agoI think their bunker won't run out of exotic luxuries until after they die quietly and comfortably in their sleep.
- pyrale 5y agoThey might rest on their experience that, if it comes to it, they're going to be the ones doing the worst to other people.
- raxxorrax 5y agoIn the end it is public representatives that commit the treason. We need accountability here, even when there is a wish to get your hands on lobbyists. It isn't just Exxon that conducts business like this.
- Forbo 5y agoMy point exactly. This should be getting prosecuted under RICO.
- wpietri 5y agoMany people can be responsible for an outcome. The lobbyists, the elected officials, the many people who make money by helping them. And plenty more. We can and should hold all of those people accountable for their choices.
- stunt 5y agoThey designed the system very safe for themselves. Worse it gets for them is losing a job. They gotta earn as much as they can, for as long as they can.
- deleted 5y ago[deleted]
- elliekelly 5y agoHonest services fraud: https://en.wikipedia.org/wiki/Honest_services_fraud https://en.wikipedia.org/wiki/Honest_services_fraud It has been scaled back quite a bit in the last decade or so thanks to Enron's Jeff Skilling and "media magnate" Conrad Black (since pardoned) and seems to have fallen out of favor with prosecutors. The "Kids for Cash"[1] people were charged with it but didn't make it into the final plea agreement and Rod Blagojevich (also since pardoned) was charged with it but I think those charges were eventually dropped. [1]https://en.wikipedia.org/wiki/Kids_for_cash_scandal https://en.wikipedia.org/wiki/Kids_for_cash_scandal
- silexia 5y agoJust wait till you hear about Big Oil's financing of the anti-nuclear people.