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Campaign ExxonMobil featured in New York Times Sunday Magazine - Read The Full Story Here
Dear ExxonMobil Investor:
We are asking for your help in bringing about real changes in ExxonMobil vis-à-vis its impact on and stance toward climate change.
Since 1997 members of the Interfaith Center on Corporate Responsibility have been addressing ExxonMobil on the issue of global warming, the role of greenhouse gases in global warming and the fact that fossil fuel combustion is a major contributor to the problem that all nations have now recognized as in need of critical action.
After years of obfuscation ExxonMobil now admits the problem exists. The company has yet to be clear about how it will address this growing international concern. It has not created new policies or procedures that would give concrete evidence that these are commensurate with the critical concerns that have been raised by the Intergovernmental Panel on Climate Change and virtually every scientific body in the world that deals with issues around the environment.
As institutional shareholders in ExxonMobil we ask your support in our efforts to move the Company to reveal publicly its commitment to be pro-active in becoming a positive force in addressing the issue of climate change by supporting the following resolutions:
Resolution 11 (Goals for Reducing GHG Emissions)
This requests the Board to set goals for reducing GHG emissions from both operations and products.. Filed by the Sisters of St. Dominic of Caldwell, New Jersey, this resolution has more than 30 additional co-filers. (Read the resolution)
Resolution 6 (Board Chair & CEO)
The largest energy companies in the world inevitably are confronted with crises. British Petroleum has benefited hugely from having an independent chairman to guide the company over the difficulties of Lord Browne’s unexpected departure and the possibility of criminal and civil liability arising out of North American malfunctioning; Shell benefited enormously from having an independent chair to lead the company through the incredible misstatement of reserves and the consolidation of the British and Dutch holding companies; Exxon’s travails from the Valdez spill through the public scolding of U.S. Senators Rockefeller and Snowe are continuing evidence of the company’s failure to understand or deal with the need for independent leadership of the board in today’s world. The failure to have an independent chair of Exxon’s board is reducing shareholder value in the future. Separating the role of Chair and CEO would create greater independence of the Board and better oversight of management. (Read the resolution)
Resolution 13 (Renewable Energy Policy)
Adopt a Renewable Energy Policy for research, development, and sourcing, to mitigate carbon exposure and better diversify the company’s energy mix. (Read the resolution)
Please vote your shares in support of resolutions #11, #6, and #13 |