ExxonMobil To Shareholders: Climate Change Is Real, and It’s Threatening
I had to laugh when I read this. Yes, ExxonMobil is acknowledging the fact of climate change. But from the headline, I inferred that the fossil fuel giant had come to terms with the fact that its products are ruining the planet, and the company is making plans to re-orient its business out of concern for the health and safety of the seven billion people who live here.
Silly me. A few sentences later I realized the truth: They’re concerned that climate change could make their operations less profitable. Wow.