Exxon in transition? Big Lose for Big Oil; Big Win for Clean Energy.

Word got out today to start threads predicting doom and gloom for oil.
Like I said to somebody else today, we ain't off the oil tit yet and there is still a lot of money to be made. I wouldn't be selling my oil stock if I were you.
 
“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”


**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.

Actually, it just made the stock of other fossil fuel companies just go up.

Thanks. I appreciatee it.
 
“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”


**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.
Looks like a corporate takeover and sabotage.
 
“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”


**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.
looks to me like they were forced,, not seeing anything but fascism at work here,,
Investors protecting their investment is not fascism. It is capitalism. The investors voted their shares to elect new directors. Nothing more capitalistic than that.


Wow according to that trumper voting is forcing and fascism.
 
“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”


**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.
looks to me like they were forced,, not seeing anything but fascism at work here,,
Investors protecting their investment is not fascism. It is capitalism. The investors voted their shares. Nothing more capitalistic than that.
I thought you dems were against hedge funds and their influence on americans??

and yes it is a forced situation here,, by you own words of "defeat"
I thought you Repubs were for rugged capitalism?

Corporations have been subject to outside forces, such as from corporate raiders, or insider pressure, such as from derivative suits, for the past 40 years.

This action by certain Exxon investors to push for clean energy is just a different manifestation of the time honored tradition of investor activism.

It is capitalistic to the core.
It’s difficult to keep track of rightwing hypocrisy.

Conservatives are all for rugged capitalism if it’s screwing over working Americans, destroying the environment, or jeopardizing the health and safety of consumers.
 
“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”


**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.
looks to me like they were forced,, not seeing anything but fascism at work here,,
Investors protecting their investment is not fascism. It is capitalism. The investors voted their shares. Nothing more capitalistic than that.
I thought you dems were against hedge funds and their influence on americans??

and yes it is a forced situation here,, by you own words of "defeat"
I thought you Repubs were for rugged capitalism?

Corporations have been subject to outside forces, such as from corporate raiders, or insider pressure, such as from derivative suits, for the past 40 years.

This action by certain Exxon investors to push for clean energy is just a different manifestation of the time honored tradition of investor activism.

It is capitalistic to the core.
It’s difficult to keep track of rightwing hypocrisy.

Conservatives are all for rugged capitalism if it’s screwing over working Americans, destroying the environment, or jeopardizing the health and safety of consumers.
Your lies are so easy for you to tell. It is hard to fathom that you were once an innocent baby.
 
“HOUSTON — Big Oil was dealt a stunning defeat on Wednesday when shareholders of Exxon Mobil elected at least two board candidates nominated by activist investors who pledged to steer the company toward cleaner energy and away from oil and gas.

The success of the campaign, led by a tiny hedge fund against the nation’s largest oil company, could force the energy industry to confront climate change and embolden Wall Street investment firms that are prioritizing the issue. Analysts could not recall another time that Exxon management had lost a vote against company-picked directors.

“This is a landmark moment for Exxon and for the industry,” said Andrew Logan, a senior director at Ceres, a nonprofit investor network that pushes corporations to take climate change seriously. “How the industry chooses to respond to this clear signal will determine which companies thrive through the coming transition and which wither.”

The vote reveals the growing power of giant Wall Street firms that manage the 401(k)s and other investments of individuals and businesses to press C.E.O.s to pursue environmental and social goals. Some of these firms are run by executives who say they see climate change as a major threat to the economy and the planet.”


**************

Capitalism at work. Investors see the future and the future does not lie with fossil fuels. Though the Exxon vote dealt only with two board members, this push towards green, renewable and clean energy will only accelerate. This is good news for our future.
looks to me like they were forced,, not seeing anything but fascism at work here,,
Investors protecting their investment is not fascism. It is capitalism. The investors voted their shares. Nothing more capitalistic than that.
I thought you dems were against hedge funds and their influence on americans??

and yes it is a forced situation here,, by you own words of "defeat"
I thought you Repubs were for rugged capitalism?

Corporations have been subject to outside forces, such as from corporate raiders, or insider pressure, such as from derivative suits, for the past 40 years.

This action by certain Exxon investors to push for clean energy is just a different manifestation of the time honored tradition of investor activism.

It is capitalistic to the core.
It’s difficult to keep track of rightwing hypocrisy.

Conservatives are all for rugged capitalism if it’s screwing over working Americans, destroying the environment, or jeopardizing the health and safety of consumers.
Your lies are so easy for you to tell. It is hard to fathom that you were once an innocent baby.
dont be to hard on clayton,, he tries hard to be relevant,,
 
As was posted earlier, every lefty here should immediately stop putting gas in their cars. No taking mass transport either, buses use gas too. Bet none of these preachy wailers own an electric vehicle (don’t bother lying and saying you do, we know you’re lying). Better break out the bicycle lefties.
 
As was posted earlier, every lefty here should immediately stop putting gas in their cars. No taking mass transport either, buses use gas too. Bet none of these preachy wailers own an electric vehicle (don’t bother lying and saying you do, we know you’re lying). Better break out the bicycle lefties.
And when we present or try to discuss a very clean and viable electricity option that could make electric cars cleaner than internal combustion, rather than just shifting the load to oil and coal power--NUCLEAR--we get nothing but excuses.

Why?

Because pollution is not the concern. Power and control is. It's the same motive they have for everything else they do.
 
It's all political theater. Will we have clean energy? Yes. Not in my lifetime though. People just don't get that electricity as we know it does not occur in nature, it has to be man made. We have to manufacture our energy and right now that doesn't come without a source for the enrgy. Solar and wind are good supplements but they can't even begin to handle even what a small city would need.

This is for public approval and investor approval. Oil isn't going anywhere anytime soon.

We will only have true clean energy we can figure out how to manipulate gravity, or figure out cold fusion taking it from a theory to working format on a large scale.
Ah well, when one flaps yap without the slightest attempt at research, this is the result. There are islands and cities already getting most of their electricity from renewables. And the energy storage alternatives make those renewables 24/7.
 
As was posted earlier, every lefty here should immediately stop putting gas in their cars. No taking mass transport either, buses use gas too. Bet none of these preachy wailers own an electric vehicle (don’t bother lying and saying you do, we know you’re lying). Better break out the bicycle lefties.
And when we present or try to discuss a very clean and viable electricity option that could make electric cars cleaner than internal combustion, rather than just shifting the load to oil and coal power--NUCLEAR--we get nothing but excuses.

Why?

Because pollution is not the concern. Power and control is. It's the same motive they have for everything else they do.
Nuclear is dirty in waste products. And far more expensive than wind and solar.
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