Exxon Mobil
Exxon Mobil: Stakeholders Theory
What should be the role adopted by the Government to discourage profiteering by large organizations?
ExxonMobil is an American oil and gas corporation and a direct descendant of John D. Rockerfeller’s Standard Oil Company. The mereger of Exxon and Mobil on Novermber 30, 1999 led to the formation of ExxonMobil which is the worlds largest company by revenue. ExxonMobil operate facilities or market products in most of the world’s countries and explore for oil and natural gas on six continents.
The case:
ExxonMobil has drawn criticism from the environmental lobby for funding organizations critical of the Kyoto Protocol and skeptical of the scientific opinion that global warming is caused by the burning of fossil fuels. According to The Guardian, ExxonMobil has funded, among other groups skeptical of global warming, the Competitive Enterprise Institute, George C. Marshall Institute, Heartland Institute, Congress on Racial Equality, TechCentralStation.com, and International Policy Network. ExxonMobil's support for these organizations has drawn criticism from the Royal Society, the academy of sciences of the United Kingdom. The Union of Concerned Scientists released a report in 2007 accusing ExxonMobil of spending $16 million, between 1998 and 2005, towards 43 advocacy organizations which dispute the impact of global warming. The report argued that ExxonMobil used disinformation tactics similar to those used by the tobacco industry in its denials of the link between lung cancer and smoking, saying that the company used "many of the same organizations and personnel to cloud the scientific understanding of climate change and delay action on the issue."
ExxonMobil has been reported as having plans to invest up to US$100m over a ten year period in Stanford University's Global Climate and Energy Project.
In August 2006, the Wall Street Journal revealed that a YouTube video lampooning Al Gore, titled Al Gore's Penguin Army, appeared
What should be the role adopted by the Government to discourage profiteering by large organizations?
ExxonMobil is an American oil and gas corporation and a direct descendant of John D. Rockerfeller’s Standard Oil Company. The mereger of Exxon and Mobil on Novermber 30, 1999 led to the formation of ExxonMobil which is the worlds largest company by revenue. ExxonMobil operate facilities or market products in most of the world’s countries and explore for oil and natural gas on six continents.
The case:
ExxonMobil has drawn criticism from the environmental lobby for funding organizations critical of the Kyoto Protocol and skeptical of the scientific opinion that global warming is caused by the burning of fossil fuels. According to The Guardian, ExxonMobil has funded, among other groups skeptical of global warming, the Competitive Enterprise Institute, George C. Marshall Institute, Heartland Institute, Congress on Racial Equality, TechCentralStation.com, and International Policy Network. ExxonMobil's support for these organizations has drawn criticism from the Royal Society, the academy of sciences of the United Kingdom. The Union of Concerned Scientists released a report in 2007 accusing ExxonMobil of spending $16 million, between 1998 and 2005, towards 43 advocacy organizations which dispute the impact of global warming. The report argued that ExxonMobil used disinformation tactics similar to those used by the tobacco industry in its denials of the link between lung cancer and smoking, saying that the company used "many of the same organizations and personnel to cloud the scientific understanding of climate change and delay action on the issue."
ExxonMobil has been reported as having plans to invest up to US$100m over a ten year period in Stanford University's Global Climate and Energy Project.
In August 2006, the Wall Street Journal revealed that a YouTube video lampooning Al Gore, titled Al Gore's Penguin Army, appeared