Religious shareholder activists egging on a federal investigation of ExxonMobil include the Tri-State Coalition for Responsible Investment, which counts the Sisters of St. Dominic of Caldwell, New Jersey, among its faith-based members. The narrative promulgated by the activists is that the energy giant conducted climate-change research and buried the results when the data inconveniently proved burning fossil fuels was a major contributor.
All this might be a tempest in a teapot if not for Sen. Sheldon Whitehouse (D-RI) pressing U.S. Attorney General Loretta Lynch to prosecute ExxonMobil under the Racketeer Influenced and Corrupt Organizations Act following the so-called “revelations” reported by the Los Angeles Times and, to a more sensationalistic extreme, Inside Climate News. As noted in a previous post, presidential candidates Hillary Clinton, Bernie Sanders and Martin O’Malley also are on board, not to mention former Vice President and inconvenient truth teller Al Gore. Of course, this onslaught aimed at ExxonMobil is timed to coincide with the upcoming United Nations Conference of Parties (COP21) in December.