Family Feud at ExxonMobil

authordefault
onMay 27, 2008 @ 17:35 PDT

The descendants of John Rockefeller are trying to steer their great grandfatherโ€™s company away from the dinosaur mentality that has tarred the image of worldโ€™s largestย corporation.

This week, a number of the Rockefeller clan will be supporting shareholder resolutions aimed at forcing Exxon Mobil take the issue of climate change much more seriously, study itโ€™s effects on the developing world and explore alternative fuel sources.

โ€œExxon Mobil needs to reconnect with the forward-looking and entrepreneurial vision of my great-grandfather,โ€ Neva Rockefeller Goodwin, a Tufts University economist, said in a statement to reporters.

โ€œThe truth is that Exxon Mobil is profiting in the short term from investments and decisions made many years ago, and by focusing on a narrow path that ignores the rapidly shifting energy landscape around the world,โ€ she added.

Exxon Mobil is seen by many as having the worst corporate record in dealing constructively with climate change. They have been dubbed by Greenpeace the โ€œthe worldโ€™s number one climate criminal โ€ stating that they have โ€œdone more than any other company to stop the world from tackling climate changeโ€.

They were also implicated by the Union of Concerned scientists of funding a Big Tobacco-style PR campaign to misinform the public on climate science.

Given that the family of J. D. Rockefeller, the founder of Standard Oil, now Exxon Mobil are seeking to shove this company into the 21st century, who is left to oppose progress at the worldโ€™s biggest company?

Things must be getting pretty lonely for the few holdouts still maintaining that the company policies are defendable in the court of public opinion.

One wonders what J. D. Rockefeller would have thought of this whole thing. On one hand, he was well known as a ruthless businessman who once said โ€œDo you know the only thing that gives me pleasure? It’s to see my dividends coming in.โ€

On the other hand he is also credited with stating : โ€œI know of nothing more despicable and pathetic than a man who devotes all the hours of the waking day to the making of money for money’s sake.โ€

Perhaps the senior executives opposing these important resolutions should reflect on the words of J.D. Sometimes, it is only your family that can tell you when you are really screwing up.

authordefault
Admin's short bio, lorem ipsum dolor sit amet consectetur adipisicing elit. Voluptate maxime officiis sed aliquam! Lorem ipsum dolor sit amet consectetur adipisicing elit.

Related Posts

Analysis
onDec 22, 2025 @ 03:30 PST

Across the U.S., UK, Europe, and Canada, Donald Trump and his allies worked tirelessly to supercharge climate denial, boost fossil fuels, and foment political chaos.

Across the U.S., UK, Europe, and Canada, Donald Trump and his allies worked tirelessly to supercharge climate denial, boost fossil fuels, and foment political chaos.
onDec 18, 2025 @ 12:45 PST

Speakers at the event previously said "there is no climate crisis" and there is "lively debate" on climate science.

Speakers at the event previously said "there is no climate crisis" and there is "lively debate" on climate science.
onDec 18, 2025 @ 11:55 PST

Far-right politicians from France, Germany, and other European nations and their U.S. allies celebrated their growing bonds and shared goals at a lavish party in New York City.

Far-right politicians from France, Germany, and other European nations and their U.S. allies celebrated their growing bonds and shared goals at a lavish party in New York City.
Series: MAGA
onDec 18, 2025 @ 10:44 PST

Emboldened by Trumpโ€™s LNG deregulation, industry CEOs brush off climate concerns as Gulf Coast residents warn new gas projects will further strain an already environmentally stressed region.

Emboldened by Trumpโ€™s LNG deregulation, industry CEOs brush off climate concerns as Gulf Coast residents warn new gas projects will further strain an already environmentally stressed region.