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Exxon says world set to fail 2°C global warming cap by 2050
(www.reuters.com)
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this post was submitted on 07 Sep 2023
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Futurology
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Well yes, I wonder if they had a plan beyond the statement.
"It's those darn shareholders! Our hands are tied!"
Seems like the reasoning they are going with. Really we need to make it somehow more profitable to do the right/climate focused things.
Not that it's a good excuse, but isn't that true? Investors ultimately elect executive management.
The abstraction between investor ownership and company management is one of the most damaging structures ever built.
Take your pick!
https://imgur.com/a/856MuzH
I would say they are planning on paying Congress to increase the cap. Not that we will survive till 2050