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Relevance | DateExxonMobil’s Appeasement Strategy Backfires (Milloy has had enough)
By Robert Bradley Jr. -- June 1, 2021 4 Comments“The truly and deliberately evil men are a very small minority; it is the appeaser who unleashes them on mankind; it is the appeaser’s intellectual abdication that invites them to take over. When a culture’s dominant trend is geared to irrationality, the thugs win over the appeasers.”
“Moral cowardice is fear of upholding the good because it is good, and fear of opposing the evil because it is evil. The next step leads to opposing the good in order to appease evil, and rushing out to seek the evil’s favor.”
– Ayn Rand
ExxonMobil switched strategies from principle to appeasement early in the first term of President Obama. I have watched, step-by-step, a great corporation become mediocre for the first time in its storied history.
I long for Lee Raymond, who was honest and demanding–with impressive results for the shareholder, employees, consumers, and the national/international economy.…
Continue ReadingDeepwater Horizon at 11: Remember “Beyond Petroleum” BP
By Robert Bradley Jr. -- April 20, 2021 No Comments“On the 11th anniversary of the BP blowout, the real takeaway is that oil companies that think they are ‘beyond petroleum’ are value destroyers for shareholders and for the environment.”
Every April commemorates BP’s Deepwater Horizon oil spill (April 10, 2010). To the anti-energy Left, Deepwater Horizon is the epitome of oil-gone-bad, coming some 21 years after the Exxon Valdez oil spill. It was not supposed to happen again, but ….
The sad facts of Deepwater Horizon will forever remain. The multiple failures behind the accident are also well documented. But a paradox remains. Mighty BP, captained by John Browne, the leading “environmentalist” of the petroleum industry created the corporate culture that resulted in lax safety and environmental protocols. By saving about $5 million out of $100+ million in drilling costs, the company ended up paying out in excess of $60 billion.…
Continue ReadingGoing Honest on GHG Emissions: The Milloy Petition (and early success)
By Robert Bradley Jr. -- March 16, 2021 1 CommentEntrepreneurship applies to public policy. It is not enough to just have the superior intellectual case. Against the Malthusian juggernaut, creativity is required to get past the gatekeepers of deceit and what today is called the cancel culture.
Enter Steve Milloy, founder of JunkScience.com and Senior Policy Fellow at the Energy & Environment Legal Institute (E&E Legal).
Milloy is truing the debate and achieving transparency with corporations that are “greenwashing” in the climate debate. The initiative is told in an August 13, 2019, Press Release, “E&E Legal Petitions SEC to Address Problem of Registrants Making False and Misleading Climate Change Statements,” reprinted below.
Today, the Energy & Environment Legal Institute (E&E Legal) petitioned U.S. Securities and Exchange Commission (SEC) to take action to prevent and prohibit registrants from making false and misleading statements with respect to global climate change.…
Continue ReadingWSJ vs. WSJ: A House Divided
By Roger Donway -- December 21, 2020 No Comments“The news reporters give you public-relations fluff; the editorialists give you facts.”
Noam Chomsky, MIT’s famously anti-American professor of linguistics, used to say to his audiences something like: All my evidence comes from an ultra-Left source—The Wall Street Journal.
Audiences would laugh, but the joke was on them. Students of journalism know well that the Journal’s conservative reputation is based entirely on its editorial page. Its news pages, studies have shown, can tilt further to the Left than even the New York Times or the Washington Post.
Never was that schism more clearly displayed than on December 11, 2020.
A lead news headline screamed that the biggest “Green” companies were becoming larger corporations than the major oil companies. “The New Green Energy Giants Challenging Exxon and BP.”…
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