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Comment by jamager | Hacker News Reader

https://corporate.exxonmobil.com/sustainability/environmenta...

No further questions, your honor.

>“#ExxonKnew” is a campaign orchestrated by activists and trial lawyers to misrepresent ExxonMobil’s position and research on climate change. For the past several years, activist organizations have sought to punish ExxonMobil for voicing its opinion on climate policy, even though the company supports policies to limit climate change.

The last part there is almost comical.

"Supports policies" is nothing tangible in itself. Exxon will do whatever makes them the most money possible.

If 'green energy' turns out to be that thing, they'll jump on it.

My parents have been trying to divest themselves of oil majors for some time. So they sell some CVX/SHEL/XOM/etc., and buy green energy replacements. Only to find out they've been playing whack-a-mole, because several months later, the green company has been acquired, and after the merger, my parents position once again has more CVX/SHEL/XOM/...

If that's actually the case, that sounds like a winning investment strategy: acquirers typically pay a premium.

Every round of whack-a-mole is a transfer of wealth from the oil companies to your parents. They should be happy!

Unless your motives are not entirely profit driven as per the comment you replied to.

Making the oil majors have less money is good in itself, from the point of view of the parents.

They can use the money to give to their favourite climate change charities.

"Proactively engaging on climate-related policy"

How true!

Reply on news.ycombinator.com