Resolved: Public Corporations Shall Take Us Seriously

Author: Dashka Slater, New York Times [USA], Published on: 12 August 2007

…What is ExxonMobil, the world's largest publicly traded oil company, planning to do about global warming? [Sister Patricia] Daly’s order, the Sisters of Saint Dominic of Caldwell, N.J., owns about 300 of the 5.5 billion ExxonMobil shares outstanding, but she has used those few shares to keep the company talking about an issue that it would just as soon ignore. … By every conventional measure…[Exxon Mobil] is an exemplary investment…But these days, corporations are increasingly judged not only by their quarterly earnings but also by their commitment to social and environmental values, and by governance standards like openness and accountability. By these standards, ExxonMobil is a mess….[ExxonMobil's] representatives declined to be formally interviewed for this article...Other companies…have variously agreed to disclose their greenhouse-gas emissions, study the impact of climate change on their businesses, invest in renewable energy sources or support a mandatory carbon cap. The exception...is ExxonMobil…[refers also to General Electric, Nestle, Ford, Pepsi, General Motors, J.P. Stevens Textile, Citigroup, Goldman Sachs, Lehman Brothers, American Electric Power, Home Depot, Prudential, Cinergy (now Duke Energy), Chevron, Texaco (part of Chevron), Apache, Conoco Phillips, BP, Royal Dutch/Shell, International Paper Company, Sears]

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Related companies: American Electric Power Apache BP Chevron Cinergy (now Duke Energy) Citigroup ConocoPhillips Duke Energy Ford General Electric General Motors Goldman Sachs Home Depot International Paper Lehman Brothers Nestlé PepsiCo Prudential Financial Sears Shell Texaco (part of Chevron)