Shareholder resolutions intended to force Exxon Mobil Corp. and Chevron Corp. to adopt greenhouse gas reduction goals and name environmental experts (i.e. any scientist who believes human activity causes climate change) to their respective board of directors were defeated last week. Not only were they defeated, they were crushed. Chevron shareholders mustered only 9 percent support for GHG reductions and 20 percent for the environmentalist board member. Eighty percent of ExxonMobil shareholders rejected the additional board member, and only 10 percent voted for reducing GHG emissions.
Naturally, such progressive outlets as The Guardian sympathetically reported the proposals by touting the highly anticipated climate-change encyclical of Pope Francis, which is epected later this month. Of course, few outside the Vatican know exactly what the Pope will say in the document, but the Guardian goes so far as to draw a connection between the ExxonMobil and Chevron resolutions and the Pope. Readers are led to conclude that shareholders (As You Sow, the Interfaith Center on Corporate Responsibility and the Tri-State Coalition for Responsible Investment, among others) introducing the shareholder resolutions represent all Catholics. (more…)