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Looks like the powers that be at Exxon Mobil have reached a consensus about the millions of dollars they've been giving to groups who promote the scientific uncertainty of climate change: they're not going to do it anymore.
In its corporate citizenship report -- released last week ahead of today's annual shareholder meeting in Dallas -- the oil giant said it would "discontinue contributions to several public policy research groups whose position on climate change could divert attention from the important discussion on how the world will secure the energy required for economic growth in an environmentally responsible manner."
In other words, it's a bad day to be working for one of the handful of groups, er, "institutes", that have relied on ExxonMobil for a large percentage of their funding over the past decade. Those groups are likely to include the Washington, D.C.-based George C. Marshall Institute, as well as the Heartland Institute, which made news earlier this year when it had trouble convincing scientists to attend its "scientific" climate change conference." The group received nearly $800,000 from Exxon over the past 10 years.
Meanwhile, today's shareholder meeting promises to be an interesting one, thanks to the family of the man who founded the company now known as ExxonMobil. The Rockefeller's are not happy about the company's direction on issues like climate change and alternative energy, and while the 78 adult descendants of John D. Rockefeller today own less than .01 percent of the company, their proposals are bound to cause a stir.
According to the New York Times, "one resolution would urge the company to study the impact of global warming on poor countries, another would encourage Exxon to reduce its emissions and a third would encourage it to do more research on renewable energy sources like solar panels and wind turbines." Industry analysts don't expect any of the measures to pass, but pay attention to the percentage of votes they receive. The Rockefellers are bound to be back next year.
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