this post was submitted on 07 Sep 2023
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Exxon says world set to fail 2°C global warming cap by 2050 (www.reuters.com)
submitted 2 years ago by Espiritdescali@futurology.today to c/futurology@futurology.today
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[–] Ni@kbin.social 8 points 2 years ago (4 children)

Exxon produces less than 3% of the world's daily crude demand and in May its shareholders overwhelmingly rejected calls for stronger measures to mitigate climate change.

[–] anonionfinelyminced@kbin.social 10 points 2 years ago (3 children)

"It's those darn shareholders! Our hands are tied!"

[–] zagaberoo@beehaw.org 2 points 2 years ago* (last edited 2 years ago) (1 children)

Not that it's a good excuse, but isn't that true? Investors ultimately elect executive management.

The abstraction between investor ownership and company management is one of the most damaging structures ever built.

[–] anonionfinelyminced@kbin.social 1 points 2 years ago* (last edited 2 years ago)

Take your pick!
https://imgur.com/a/856MuzH

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