It’s been a busy week for Exxon Mobil: The company is under scrutiny in Washington and in New York.
In D.C., a congressional hearing on Wednesday focused on the fact that the fossil fuel industry knew about the threat of climate change for a long time, while quietly financing groups that spread climate denial and lobbying to forestall legislative action. The chairman of the House oversight subcommittee on civil rights and civil liberties opened the hearing with a blast, saying, “Oil companies like Exxon knew the scientific reality of climate change 40 years ago but waged a war of deception that cost us precious time in the fight to save our planet.”
At the same time, in New York City the company is facing off with the state attorney general’s office in a shareholder fraud lawsuit four years in the making that alleges Exxon told investors it was fully accounting for the risks of climate regulation to its business while in practice it was seriously underestimating that risk. The trial is not about climate change denial directly, but instead hinges on New York’s Martin Act, which gives the state broad powers to protect shareholders from corporate fraud.
The trial started Tuesday and is expected to last three weeks.
Read More At The New York Times
Climate Leviathan: A Political Theory of Our Planetary Future
by Joel Wainwright and Geoff Mann
How climate change will affect our political theory—for better and worse. Despite the science and the summits, leading capitalist states have not achieved anything close to an adequate level of carbon mitigation. There is now simply no way to prevent the planet breaching the threshold of two degrees Celsius set by the Intergovernmental Panel on Climate Change. What are the likely political and economic outcomes of this? Where is the overheating world heading? Available On Amazon
Upheaval: Turning Points for Nations in Crisis
by Jared Diamond
Adding a psychological dimension to the in-depth history, geography, biology, and anthropology that mark all of Diamond's books, Upheaval reveals factors influencing how both whole nations and individual people can respond to big challenges. The result is a book epic in scope, but also his most personal book yet. Available On Amazon
Global Commons, Domestic Decisions: The Comparative Politics of Climate Change
by Kathryn Harrison et al
Comparative case studies and analyses of the influence of domestic politics on countries' climate change policies and Kyoto ratification decisions. Climate change represents a “tragedy of the commons” on a global scale, requiring the cooperation of nations that do not necessarily put the Earth's well-being above their own national interests. And yet international efforts to address global warming have met with some success; the Kyoto Protocol, in which industrialized countries committed to reducing their collective emissions, took effect in 2005 (although without the participation of the United States). Available On Amazon