RCB climate change policy compared to Exxon's
Last week Exxon held its Annual General Meeting at which shareholder resolutions on Climate Change were defeated. Exxon has refused to approve resolutions on climate change since engagement first began in 1996.
At the meeting the CEO of Exxon, Rex Tillerson said,
At the meeting the CEO of Exxon, Rex Tillerson said,
The world is going to have to continue using fossil fuels, whether they like it or not ... just saying ‘turn the taps off’ is not acceptable to humanity,This intransigence did not go down well with many of Exxon's shareholders, 38% of whom voted for change.
The interesting thing is to compare the quote above with the RCB's policy on climate change. Here is an extract,
fossil fuels will continue to contribute a major component of this energy mix for the foreseeable future and remain one of the most cost efficient methods of energy production.
Whilst not as blunt as the CEO of Exxon, the similarity is striking.
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