Its time to finally bring in the corporate death penalty.
The fix isn’t to kill the company, it’s to hold people directly accountable for decisions like this one. Unfortunately these are close to impossible to prove especially in the land of “best justice money can buy”.
But it's not an either/or thing, we can just do both!
Because I'm sorry, but who works at Exxon and doesn't know its probably not great for our planet?
Don’t kill Exxon and let Shell operate.
In the (honestly, not that unlikely) event Shell has done similar, they, too should be killed.
Extraction and combustion of fossil fuels can (and IMO should!) be restricted as an orthogonal measure, but Exxon shouldn't be given the chance to reallocate its investments and pretend it never did what it did.
I don’t pick and choose to punish one of the dealers more harshly than the others because that one dealer had some internal research that cast doubt as to the likelihood that he would, at some time in the future, achieve a workable solution to a healthier/safer crack substitute that he currently publicly claimed to be working on.
People seem to be conflating “this company didn’t publish everything it thought about everything” (a standard we don’t hold companies to in general) with “…and the topic was climate change, so off with the company…”
What if they did so purposefully to undercut funding for crack rehab, with the express purpose to keep people addicted?
> People seem to be conflating “this company didn’t publish everything it thought about everything” (a standard we don’t hold companies to in general) with “…and the topic was climate change, so off with the company…”
It's because the topic is an existential threat to human survival that the company was knowingly worsening and manipulating people about. It's not "a standard we don't hold companies to in general", it's an unprecedented scale of harm. At some point the small claims court isn't enough, no matter how commonly it is used. Sometimes the infraction calls for the Nuremberg Trials instead.
An existential threat to human survival demands action to stop all of them not selectively or preferentially only the ones who knew a little more than others 38 years ago.
Doing the latter is not only nearly totally ineffective (as they’d be instantly replaced by others taking market share) but also ensures that companies take great pains to never do in-house research on things that might be harmful.
I've already agreed, yes, we need to obviously ban the practice of fuel extraction itself. But we also need to punish the organizations that have led us here and who's impunity set the precedent for the others to follow.
The fact they've been knowingly misleading us because they prioritized their profits over human survival needs to be addressed on top of the banning of future extraction.
These are not two mutually conflicting policies we need to choose from. We can and should address both.
> companies take great pains to never do in-house research on things that might be harmful
This is counter to how companies work, they are driven by market forces to do research to maintain their edge over the competition - they structurally need to do research because of what it can tell them about future market conditions, regulatory and attitude shifts etc etc so they can adapt their own practices. This is true for companies in harmful industries just as much as for any other. You can't just not do R&D in a competitive market.
You can then even truthfully claim to be funding basic research that doesn’t directly benefit your commercial interests.
I don't see why the same can't apply here.
They could also sue in civil court. A director lying harms the company which is breach of fiduciary duty.
Several Enron execs did go to jail: Kenneth Lay the chairman would have gone for 10+ years but died before sentencing, Jeff Skilling did 12 years, Causey did 5 years, Fastow did 5 years.
In the current environment of DOJ corruption I don't think this sort of thing would happen... unless the executives were conveniently non-supporters of the current President.
Corporations are made of people :-)
(Also: I agree.)
And to preempt the inevitable comments about what happens to the employees: anyone who works for an oil or gas (or tobacco or social media or junk food, etc) company who's culture is so broken that it produces such planet- or society-wrecking egregious behaviour, is part of the problem and they know it. Find a new job doing something constructive.