ExxonMobil, one of the biggest corporations on the planet, is now facing a boycott spearheaded by activist groups protesting the company\’s policies at home and abroad.
The boycott was launched by PressurePoint, a grassroots organization looking to “take real action on climate change and corporate influence,” according to Chris Doran, campaigns director for the group. “The U.S. government’s climate change policy is the ExxonMobil policy,” Doran says. “What sort of democracy do we have when one company can buy off our political process for its own gains?”
ExxonMobil is a charter member of the Global Climate Coalition, an influential industry lobbying group which maintains that the regulations to reduce greenhouse emissions drawn up under the Kyoto agreement of 1997 are neither economically viable nor scientifically sound.
According to the American Chemical Society, ExxonMobil is the only remaining major oil firm that disputes the need to seek out energy alternatives, while other companies — such as British Petroleum, Shell and Enron — have all agreed to do so. Exxon maintains the stance that there are no readily available alternatives to fossil fuels on the horizon. [Read more...]