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Former Exxon Mobil CEO Rex Tillerson took the stand in the trial against the company on Wednesday — he denied that the company was trying to hedge its disclosures about the company’s real estimates of the costs of future climate regulation, but we also learned that he used a secret email account under the name Wayne Tracker. A few days earlier, former scientists for the oil giant revealed that their science made clear to executives that burning fossil fuels would cause rising temperatures, but once they understood it would harm its business, Exxon Mobil began a public campaign to sow doubt about the reality of global warming.
Why This Matters: This dueling testimony makes patently clear the lack of conscience displayed by Exxon executives for decades. Tillerson expressed no remorse for the climate mess we are in — it was just one of many “risks” the company had to manage. Yeah right. But Tillerson and the other CEOs knew what was happening, and that is why the scientists’ testimony was so damning. Climate change was not just a risk to the company, it is an existential risk to humanity. And they knew it and hid it behind disinformation campaigns. We are all paying the price now, not just Exxon’s investors.
What the Scientists Said
Of Exxon:“[w]hatever its intent—willful ignorance, stymying an effective response to preserve quarterly profits, or simply an incomprehensible refusal to incorporate their own world-class research and results into their business plans,” said Martin Hoffert. “[W]hat they did was wrong. They deliberately created doubt when their internal research confirmed how serious a threat it was.”
In response to Congresswoman Ocasio-Cortez: “In 1982—seven years before I was even born—Exxon accurately predicted that by this year, 2019, the Earth would hit a carbon dioxide concentration of 415 parts per million and a temperature increase of 1 degree Celsius,” said Ocasio-Cortez. “Dr. Hoffert, is that correct?” “We were excellent scientists,” Hoffert responded.
“When you become CEO you know you have to take a lot of criticism targeted at you. I feel bad for men and women at ExxonMobil Corp., because they are accused of a fraud as well. They are professionals, diligent, operate at high levels of integrity. Sometimes I wish I could step back in time and should not have put a plan in place. Maybe we should have stuck our heads in the sand.”
The Extinction Rebellion launched another high profile protest, this time floating down the River Thames in London a “model” of a suburban home that is literally partially under water as a way to raise awareness about rising sea levels that will leave many homes under water. The group said that, “[w]e are watching, in real-time, as […]
Why This Matters: There are many facilities providing vital services to veterans that have been already or will be detrimentally impacted by climate change. Veterans already experience inexcusably long wait times for services and health care in some regions of the country — those should not be longer on account of climate change impacts that should have been anticipated by the agency.
This week Italy got an A+ — thanks to its education minister, Lorenzo Fioramonti, who announced that starting next year all schools and students in all grades in Italy will be required to spend 33 hours per year, almost one hour per school week, teaching students about climate change issues. It will also be woven […]