I got this from my Co-op America newsletter:
ExxonMobil posted enormous profits of more than $40 billion in 2007. That's billions, with a B, or $40,600,000,000. And the oil-and-gas giant is headed for another record year, having just announced massive first-quarter earnings of $10.9 billion.
According to US News and World Report, if ExxonMobil were a country "its 2007 profit would exceed the gross domestic product of nearly two thirds of the 183 nations in the World Bank's economic rankings"
What do you think ExxonMobil should do with all that money?
They have some great ideas of what to do with that money!
We here at Co-op America think we have an answer:
1. Develop and implement an aggressive plan to cut ExxonMobil's worldwide carbon emissions by 80 - 90% by 2050.
2. Invest in research, development, and large-scale deployment of clean, nontoxic, renewable energy resources.
3. Provide relief to low-income families hard-hit by oil and gas price increases, and take responsibility for climate change impacts on the world's poor.
4. Stop getting in the way of US energy security and carbon regulation policy.
5. Separate the positions of Chair and CEO to create more independent oversight of the company and its role in creating climate change - stop corporate irresponsibility at the top.