06 Apr '18, 3pm

ExxonMobil & Shell: What Did They Know, & When Did They Know It?

ExxonMobil & Shell: What Did They Know, & When Did They Know It?

Noto’s speech occurred just after the Kyoto climate conference. He told his audience, “Mobil is negative on Kyoto. It is a bad deal, bad negotiation, stupid.” Gee, does that sound like someone else we know? One year later, Mobil merged with Exxon. From a legal point of view, Exxon is presumed to know everything Mobil knew before the merger took place. That is part of the “due diligence” we always hear about in the world of high finance. In a bit of delicious irony, Noto is now a member of the board of directors of Philip Morris International, one of the companies that helped craft the “deny, delay, deflect” legal strategy that allowed tobacco companies to continue killing people with their products for decades after the link between smoking and cancer was established.

Full article: https://cleantechnica.com/2018/04/06/exxonmobil-shell-wha...

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