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Tell Exxon: Stop Dodging Climate Accountability
On July 3, the Financial Times profiled Exxon’s big comeback: more oil, more gas, more power, and a CEO being hailed for putting the company back on top. But buried beneath the comeback story is the real scandal: Exxon is using its power to dodge climate accountability.
Exxon recently moved its legal home from New Jersey to Texas — a move critics warn could make it harder to challenge management. Exxon has also been accused of resisting climate disclosure and backing efforts that could hide the true risks of its fossil fuel business.
Exxon wants applause for its profits while families face flooded homes, seniors endure deadly heat, and communities pay the rising cost of climate disasters.
This is bigger than Exxon’s investors. Exxon’s fossil fuel business helps drive climate change — and climate change threatens everyone’s money.
Stronger storms, extreme heat, rising insurance costs, damaged homes, broken supply chains, and unstable energy markets can wreck family budgets, small businesses, pensions, and retirement savings.
That is why transparency matters now. As Exxon grows more powerful and expands fossil fuel production, investors and the public need more information — not less.
Pressure on Exxon’s board matters. Exxon depends on shareholder trust, media scrutiny, and its reputation as a company that can manage long-term risk. If enough people speak out, the board will have to answer for whether it is protecting the public — or protecting executives from accountability.
If Exxon gets away with weakening shareholder rights and burying climate risk, other corporations will follow. Polluters will get more powerful, investors will get less information, and the public will be left paying the bill.
Thanks for all that you do,
Matt from the Swarm