#ExxonKnew Epic Fail

By David Middleton – Re-Blogged From WUWT

This is just fracking mental…

The Oil Giants Might Finally Pay for Pulling the Biggest Hoax of All
New York State is alleging ExxonMobil knew the risks of climate change and defrauded its investors by misrepresenting them.

BY CHARLES P. PIERCE

[… Exxon Knew blather snipped…]

Exxon engaged in “a longstanding fraudulent scheme” to deceive investors by providing false and misleading assurances that it was effectively managing the economic risks posed by increasingly stringent policies and regulations it anticipated being adopted to address climate change, the lawsuit states. “Instead of managing those risks in the manner it represented to investors, Exxon employed internal practices that were inconsistent with its representations, were undisclosed to investors, and exposed the company to greater risk from climate change regulation than investors were led to believe,” the lawsuit said.

[…Exxon Knew blather snipped…] Continue reading

Weekly Climate and Energy News Roundup #242

The Week That Was: September 24, 2016 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Testing EPA’s Endangerment Finding – The Hot Spot: Advances in scientific knowledge are based on evidence – not on untested theories and untested mathematical models. The testing, often called hypothesis testing, can be lengthy and exhausting. For example, the theory of relativity, though virtually universally accepted, is still undergoing testing. Although over 35 years old, the concept that human emissions of carbon dioxide (CO2) will cause unprecedented and dangerous global warming has not been thoroughly tested and is highly questionable.

As explained in the February 6 TWTW, in his written testimony to the U.S. House Committee on Science, Space and Technology on February 2, John Christy of the University of Alabama in Huntsville submitted the results of 102 IPCC CIMP-5 Climate Model runs for the Global Bulk Atmospheric Temperature. (Surface to 50,000 feet (15,240 meters)). CIMP-5 is the latest version global climate models used by the UN Intergovernmental Panel on Climate Change (IPCC))

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Weekly Climate and Energy News Roundup #227

The Week That Was: May 21, 2016 – Brought to You by www.SEPP.org

By Ken Haapala, President, Science and Environmental Policy Project

Observation and Experiment: Last week’s TWTW discussed a climate model that may work, the Russian Institute of Numerical Mathematics Coupled Model, version 4.0 (INM-CM4). The model tracks historic atmospheric temperature data very well. Virtually, all the other models do not. If a model cannot track historic data well, there is no logical reason to assume it can be successful in predicting the future.

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Misuse of The Law; Another Battle in the Climate Wars

Dr. Tim Ball – Re-Blogged From http://www.WattsUpWithThat.com

“In war, truth is the first casualty.” Aeschylus (525 BC – 456 BC)

Maybe my first payment from Exxon for my climate views will arrive with the subpoena from the Attorney General (AG) of the Virgin Islands charging me under the Criminally Influenced and Corruptions Organizations Act (CICO) for trying to tell the truth. This is the Virgin Island’s version of the Racketeer Influenced and Corrupt Organizations Act (RICO). Most who contribute to WUWT, are included because at the public event,

“Al Gore, announced that his new coalition would find “creative ways” to prosecute fossil fuel companies, individuals, and organizations who disagree with the catastrophic global warming narrative.”

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Exxon Strikes Back Against the Climate Witch Hunt

By Eric Worrall – Re-Blogged From http://www.WattsUpWithThat.com

Exxon has just challenged attempts by Al Gore’s climate witch hunt to “investigate” them, by demanding to know what crime they are supposed to have committed.

Exxon Fires Back at Climate-Change Probe

Argues subpoena represents unwarranted fishing expedition into its records that violates its constitutional rights

Exxon Mobil Corp. went to court Wednesday to challenge a government investigation of whether the company conspired to cover up its understanding of climate change, a sign the energy company is gearing up for a drawn-out legal battle with environmentalists and officials on the politically charged issue.

The company filed court papers in Texas seeking to block a subpoena issued in March by the attorney general of the U.S. Virgin Islands, one of several government officials pursuing Exxon. Wednesday’s filing argues that the subpoena is an unwarranted fishing expedition into Exxon’s internal records that violates its constitutional rights.

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SEC Forces Exxon Climate Disclosure Vote

By Eric Worrall – Re-Blogged From http://www.WattsUpWithThat.com

The U.S. Securities and Exchange Commission has ruled that Exxon must allow a shareholder vote, on whether Exxon should include information about specific risks posed by climate change in company reports. Exxon claims that the proposal is too vague to properly address.

The Securities and Exchange Commission has ruled Exxon Mobil must include a climate change resolution on its annual shareholder proxy, a defeat for the world’s largest publicly traded oil producer, which had argued it already provides adequate carbon disclosures.

In a Tuesday letter to Exxon XOM -0.43% seen by Reuters, the SEC said the oil producer cannot keep a proposal spearheaded by New York state’s comptroller from a full shareholder vote at the company’s annual meeting in May.

If approved, the proposal would force Exxon to outline specific risks that climate change or legislation designed to curb it could pose to its ability to operate profitably.

Exxon had argued that the proposal was vague and that it already publishes carbon-related information for shareholders, including a 2014 report on its website entitled, “Energy and Carbon – Managing the Risks.”

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End Energy Intervention

By Jerry Taylor and Peter Van Doren – Re-Blogged From http://www.downsizinggovernment.org

Large-scale federal intervention into America’s energy markets began in the 1930s and lasted for four decades. Many rules were imposed to control prices, restrict imports, and distort markets in various other ways. The shortcomings of this heavy regulatory climate became apparent during the energy crises of the 1970s, prompting policymakers to reverse course and begin deregulating oil, natural gas, and coal markets.

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