One thought on “Shareholder pressure mounts on downgraded ExxonMobil”
If Exxon makes this foolhardy move, it will admit its guilt to the state attorneys general who are suing it, and it will result in huge fines, further reducing its earnings and for sure resulting in a reduction in dividends, hurting may retirees.
The shareholders must reject this resolution and Exxon must fight these cases in court, forcing the attorneys general to support their case based on science and not politics. The states will lose, and will have to hunt elsewhere for their money to keep their Democrat based government give-a ways functioning.
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If Exxon makes this foolhardy move, it will admit its guilt to the state attorneys general who are suing it, and it will result in huge fines, further reducing its earnings and for sure resulting in a reduction in dividends, hurting may retirees.
The shareholders must reject this resolution and Exxon must fight these cases in court, forcing the attorneys general to support their case based on science and not politics. The states will lose, and will have to hunt elsewhere for their money to keep their Democrat based government give-a ways functioning.