Exxon Cuts Funding For Climate Deniers

The George C. Marshall Institute has been doing very well for the last few years thanks to the munificence of Exxon funding their “research” calling into question Global Warming. This morning in a wonderful Irony, the great grandchildren of John D. Rockefeller teamed up with other activists to get Exxon to quit funding these quacks.

The oil giant ExxonMobil has admitted that its support for lobby groups that question the science of climate change may have hindered action to tackle global warming. In its corporate citizenship report, released last week, ExxonMobil says it intends to cut funds to several groups that “divert attention” from the need to find new sources of clean energy.

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0 Responses to Exxon Cuts Funding For Climate Deniers

  1. Adam says:

    Exxon’s investment in global warming denial has generated superb outcomes for the company. After all its been 16 years since the the Rio summit was held (back in 1992 for crying out loud!) and Bush for example has only just acknowleged the reality of global warming, let alone doing anything about it. How much did they spend? – a few tens of $m?, and in return have seen nearly a multi-decade delay in any potential action on carbon pricing.

    So call me a cynic, but I would say this is simply Exxon simply seeing diminishing returns on their funding rather than any genuine change.

  2. Dan says:

    Probably, but tobacco companies saw diminishing returns on their campaign to deny that smoking causes cancer, so they dropped the campaign and actually made token efforts toward keeping kids from taking up smoking.

    I wouldn’t expect a corporation to take action toward any goal other than profitability. That’s not to say that no corporation ever does anything aimed at any other goal, or that their actions don’t backfire; but I wouldn’t expect anything other than profit-based motives.

    Especially when it’s Exxon.

  3. Ironically enough, this comes the same day that a major local power company, Basin Electric Power Cooperative (part of Touchstone Energy) ran a full-page ad in the Minneapolis StarTribune telling people to oppose the Lieberman-Warner bill, which many environmentalists don’t think goes far enough (http://en.wikipedia.org/wiki/America's_Climate_Security_Act_of_2007).

    Of course, the oil and energy companies are reciting in unison crapola from the arch-right-wing Heritage Foundation (propped up by you-know-what) about how much this will cost the poor oil companies (who just got hauled in front of Congress to explain their record profits while America’s economy reels under the staggering loads of the Bush debt and $4 a gallon gas).

  4. euandus3 says:

    Interesting post. I wonder whether companies don’t use CSR as window-dressing…when it is convenient for them. Hence I think the movement should not be a substitute for government regulation. I write about this at: thhttp://euandus3.wordpress.com/2009/10/25/corporate-social-responsibility/

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