https://www.washingtonpost.com/clim...faces-shareholder-revolt-over-climate-change/ I am extremely biased on the value of businesses engaged in the oil and gas industry. There are pros and cons that pretty much always exist on both sides of any given subject, topic, thought or ideal. However there are also, in my experience, limits to these pros and cons. Regarding oil and gas the pros are difficult to overstate. Together with the internal combustion engine, the jet engine, the combustion turbine and other super intricate mechanical inventions, the oil industry has transformed the entire structure of civilization. Additionally, the entire market and availability of pretty much all synthetic fabrics are dependent on the dead plants and dinosaurs that formed these fascinating pockets of organic material layered within the planet's crust. The list goes on in an almost infinite myriad cascade of stuff that we take all-but-for-granted which depend upon the fundamental properties of crude oil and natural gas resources. The cons are not all that difficult to identify either. Given that our current understanding of the origin of these resources overwhelmingly convinces us that they are ultimately finite in quantity - we have established an unsustainable dependence upon them. Sustainability however is not something that most animals, including the wisest of the primates, takes greatly into consideration. Personally, I find this to be a more valid reason to pursue alternative sustainable resources than arguments over global warming, but since this leaves me pretty much on the same page as the true believers, I'll not much further contest their bullshit consensus "science". Ok, so, whatabout this active rebel investor led initiative at xom? I fail to see how it even begins to make sense. Xom is in the business of fossil resources. That is their business and if investors don't like that business then they are welcome to get out of it. Xom stock hasn't been very profitable for well over a decade. Regarding the climate activists, I think the entire refining industry should go on strike for 6 months. See how much food reaches the grocery stores with no diesel fuel for the truckers. Ring up Elon Musk to see if Space X can deliver cargo to the local Krogers. Sorry, no jet fuel - not even for the private jets of Gates and Bezos and Koch and Trump. Wait, Koch would likely have fuel for his private jet. Meh.... This just seems absurd to me, that "activist" investors in a company that exists purely to develop fossil resources should somehow change the fundamental nature of its very existence.
