The twisted rationale for greed never ceases to entertain.
At Exxon Mobil’s annual meeting in Dallas this week, shareholders rejected a motion to set greenhouse gas reduction targets for the firm. CEO Rex Tillerson argued that such an extreme measure would hurt the world’s poor, stating, “What good is it to save the planet if humanity suffers?”
So begins, I expect, the newest form of corporate philanthropy, wherein titans of industry the world over seek to ease their troubled consciences and aid the downtrodden by — what else? — frying the planet. Companies like Exxon already benefit from myriad government handouts, so why not do the obvious and simply relabel their tax credits “charitable”?
Never mind the fact that the effects of climate change will hit poor people the hardest, reducing crop yields and increasing food prices globally, threatening hundreds of millions with homelessness and possibly statelessness at the hands of rising sea levels. And never mind the…
View original post 225 more words