Cracks emerge in the oil lobby over climate change

[applegrove]

Cracks emerge in the oil lobby over climate change

Ben Geman at Axios

https://www.axios.com/big-oil-lobbying-climate-change-00292385-f4f3-4042-a184-50adb6d60391.html

"SNIP.....

European-based oil giants' evolving steps on climate change are cracking — but not yet rupturing — the industry's lobbying and advocacy relationships in the U.S.

Driving the news: This morning BP said it's leaving three groups over differences on climate policy: American Fuel & Petrochemical Manufacturers, the Western States Petroleum Association, and the Western Energy Alliance.

Why it matters: It's the most wide-ranging move yet by oil giants who are re-evaluating their trade group memberships as part of efforts to do more on global warming and as they face activist pressure. Last year, Shell and Total left AFPM too.

And it signals wider fault lines within the industry over climate as some companies, including BP, call for steps including carbon pricing and regulating methane emissions.

.....SNIP"

[lame54]

1. The absolutely worst thing about these fools is...

They have all the seed money to own green energy
To own the future
But that would be an investment and not immediate gains

What idiots

[Loki Liesmith]

2. They aren't idiots

They are responding to the incentives of the shareholder value model of corporate governance. Thinking long term does not maximize immediate shareholder value.

This philosophy only emerged in the mid 70s. It isn’t intrinsic to capitalism and needs to die.

[lame54]

3. They are idiots - GIANT IDIOTS...

Their short term thinking is risking their advantage

They could own ALL the energy and segue into green and assure their stockholders a healthy future

But everybody wants THEIR MONEY NOW!

the stock market is selfish and dangerous

[applegrove]

4. +100