The NYC Attorney General is coming at Exxon for the exposure of their decades-long campaign to obfuscate their own scientific findings about climate change, and Exxon's direct cause-and-effect relationship with the coming global disaster.

Instead of taking on their climate change denial head on, the AG has decided that this is a securities fraud case: Exxon was withholding key information that it knew would hurt its stock value, if it came to light. Therefore, their shareholders were buying Exxon stock at an inflated value.

BAM! Righteous!! Get those fuckers!!!

So ok... this plays out in the courts... at some time 5 years from now, a landmark decision by the court basically bankrupts Exxon, and they go into receivership.

Some other big oil company - BP, let's say - buys up the entire Exxon operation...

... and now we have even less competition in the market ...

... and they have even more power/motivation/capability to push climate change denialism ...

... and ... what? Business goes back to normal again. Pulling oil from the ground. Creating toxic underground soups with fracking. Burning fossil fuels at a consistent rate despite the damage to the climate.

How else could this play out? How could this actually make meaningful change in the fossil fuel industry, and not just help simplify the monopolist's basic plan to limit competition, and keep the status quo?

How can we make sure that holding Exxon's feet to the fire - and possibly destroying the entire company - benefits mankind and the Earth?


posted 1716 days ago