Extraordinary acts are needed in times of extraordinary circumstances.

Thanks for nothing Obama. You are a first class climate criminal.

http://seekingalpha.com/article/1475061-exxon-mobil-ceo-we-re-going-in-can-t-pull-up-brace-for-impact?source=kizur

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telliottmbamsc's picture
telliottmbamsc 6 years 11 weeks ago
#1

Excerpt from the article:

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)

May 29th in what is set to become a defining moment in the history of capitalism; Rex Tillerson, the CEO of the world's most valuable company, Exxon Mobil (XOM), in an address to shareholders redefined the meaning of rational self interest for the markets everywhere in a short series of astonishing quotes:

"What good is it to save the planet if humanity suffers?"

"We do not see a viable pathway with any known technology today to achieve the 350 outcome that is not devastating to economies, societies and peoples' health and well-being around the world,"

"So the real question is, do you want to keep arguing about that and pursuing something that cannot be achieved at costs that will be detrimental? Or do you want to talk about what's the path we should be on and how do we mitigate and prepare for the consequences as they present themselves?"

The most interesting things about these statements:

1. No more denial of scientific evidence.

2. No more diversion about whether human activity or something else is to blame.

3. No more disingenuous claims that NG or Hydrogen are clean fuels.

Just an honest and straightforward macroeconomic outlook: We are on a collision course with the consequences of rising CO2 levels, we cannot afford to stop it, and so there is nothing Exxon can offer but a warning to prepare for the worst.

telliottmbamsc's picture
telliottmbamsc 6 years 11 weeks ago
#2
Quote telliottmbamsc:

how do we mitigate and prepare for the consequences as they present themselves?"

A reference to the thinking stated in the Harvard Business Review that Climate Collapse should be viewed as a "profit opportunity."

And don't kid yourself, when they say "prepare" they mean "decide who lives and who will be allowed to die."

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