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Author Topic: Fossil Fuels: Degraded Democracy and Profit Over Planet Pollution  (Read 19649 times)

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AGelbert

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    • Renwable Revolution

SEC Forces Exxon to Bring Climate-Friendly Accounting to Shareholder Vote

As You Sow | March 25, 2016 12:37 pm

SNIPPET:

In a key win  ,
the Oakland-based non-profit advocacy group, As You Sow defeated ExxonMobil’s attempt to suppress an innovative, first of its kind shareholder resolution. The resolution asks Exxon to report its energy resources in an energy-neutral metric—BTUs—in addition to the traditional “barrels of oil equivalent” standard.

Establishing a climate-friendly measure of energy reserves is a key step in incentivizing management, and the market, to support the transition to a clean energy economy.

http://ecowatch.com/2016/03/25/exxon-climate-friendly-accounting/

Agelbert COMMENT: The fossil fuel industry, a business that became powerful and influential through corruption and violence, with a stranglehold on governments all over the world, is about to learn a lesson.

A "barrel of oil" is a polluting energy resource, NOT an energy resource.

The BTU standard should REQUIRE that the BTUs needed to bio-remediate the pollution produced by each barrel of oil be SUBTRACTED from that energy return on energy invested (ERoEI) of said barrel of oil.

The fossil fuel industry's "business model" is not profitable when all the energy math is done. They know that. That is why do everything they can to corrupt government officials.
Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

 

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