It's Climate Change I tell'ya!! IT'S CLIMATE CHANGE!!

spaminator

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Exxon loses board seats to activist hedge fund in landmark climate vote
Author of the article:Reuters
Reuters
Jennifer Hiller and Svea Herbst-Bayliss
Publishing date:May 27, 2021 • 3 hours ago • 4 minute read • Join the conversation
Darren Woods, Chairman & CEO of Exxon Mobil Corporation speaks during a news conference at the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2017.
Darren Woods, Chairman & CEO of Exxon Mobil Corporation speaks during a news conference at the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2017. PHOTO BY BRENDAN MCDERMID /REUTERS
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A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force the company’s leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat climate change.

The success by hedge fund Engine No. 1 in its showdown with Exxon shocked an energy industry struggling to address growing investor concerns about global warming. It happened on the same day activists scored a big win against another oil major, Royal Dutch Shell – a Dutch court ordered the company to drastically deepen pledged cuts to greenhouse gas emissions.


Eight of Exxon’s nominees including CEO Darren Woods were re-elected to its 12-member board of directors, along with two of Engine No. 1’s nominees, the company said. The counting is not finished, so Engine No. 1 could potentially see three of its four nominees join the Exxon board.

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The result will add to pressure on Woods, who campaigned to convince shareholders to shoot down the board challenge and argued the company was already advancing low carbon projects and improving profits.

“Today, we heard shareholders communicate a desire for ExxonMobil to further these efforts,” Woods said in a statement. “We’re well positioned to do that.”

Under Woods, Exxon incurred a $22 billion loss last year as COVID-19 pandemic destroyed fuel demand worldwide. Exxon has lagged other oil majors in its response to climate change concerns, forecasting many more years of oil and gas demand growth and doubling down on spending to boost its output – in contrast to global rivals that have scaled back fossil fuel investments.

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“It’s a huge deal. It shows not just that there is more seriousness apparent in the thinking among investors about climate change, it’s a rebuff of the whole attitude of the Exxon board,” said Ric Marshall, executive director of ESG Research at MSCI.

The dissident shareholder group led by Engine No. 1 put up a slate of four nominees in the first big boardroom contest at an oil major that makes climate change the central issue. The fund’s stake in Exxon – an energy behemoth with a market value of close to $250 billion – is worth just $50 million.


NEW DIRECTION

The two Engine No. 1 nominees elected were Gregory Goff, a 64-year-old former top executive at Marathon Petroleum and Andeavor, and former Neste Oyj executive Kaisa Hietala.

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“We welcome the new directors, Gregory Goff and Kaisa Hietala, to the board and look forward to working with them constructively and collectively on behalf of all shareholders,” CEO Woods said at the end of Exxon’s shareholder meeting.

Vote counting to determine the final two seats was continuing. That left the re-election of directors Steven Kandarian, Douglas Oberhelman, Samuel Palmisano and Wan Zulkiflee up in the air. Alexander Karsner, one of Engine No. 1’s nominees, was still in the running, Exxon said.

Governments and companies have moved to reduce emissions from fossil fuels that are warming the planet by investing in wind and solar energy. Investors led by Engine No. 1 have said Woods needed to make big changes to ensure Exxon’s future value to investors.

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The fund successfully rallied support from institutional investors and shareholder advisory firms upset with Irving, Texas-based Exxon for its weak financial performance in recent years. Among those were BlackRock Inc, Exxon’s second-largest shareholder, who agreed to vote for three members of Engine No. 1’s slate.

BlackRock said the three bring “fresh perspectives and relevant transformative energy experience” that would help Exxon evaluate “the risks and opportunities presented by the energy transition,” according to a note posted on its website.

Exxon shares rose 1.2% to $58.94 on the day. The stock has lagged its peers over the last five years.

Woods had argued that Exxon’s board understood the company’s complexity and that Exxon supports a path toward carbon reductions in the Paris accord, the international agreement aimed at combating climate change.

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However, in another signal of investor dissatisfaction with the company’s approach to climate change, shareholders also approved measures calling on Exxon to provide more information on its climate and grassroots lobbying efforts.

“Exxon Mobil shareholders chose real action to address the climate crisis over business as usual in the fossil fuel industry,” said New York State Comptroller Thomas DiNapoli, who in April said the state’s pension fund backed Engine No. 1.

DiNapoli said that for years, investors have “received platitudes and gaslighting in response” from Exxon in response to concerns about the climate crisis.

Exxon had fought to keep climate activists at bay, spending tens of millions of dollars on a high-profile PR campaign, agreeing to publish more details of its emissions and coming out in support of carbon reduction. Activists said it was too little, too late, and that Exxon needs a less reactive strategy.

“We are sending new board members, seasoned in managing change in the fossil fuel industry, to help put the company back on track,” DiNapoli said.
 

Danbones

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spaminator

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'Sea snot' outbreak off Turkish coast poses threat to marine life
Author of the article:Reuters
Reuters
Yesim Dikmen and Mehmet Emin Caliskan
Publishing date:Jun 01, 2021 • 6 hours ago • 1 minute read • Join the conversation
An aerial view shows a thick layer of "sea snot," consisting of a wide variety of microorganisms, that covers the sea near the coast in the Bostanci harbour in Istanbul, Turkey May 31, 2021.
An aerial view shows a thick layer of "sea snot," consisting of a wide variety of microorganisms, that covers the sea near the coast in the Bostanci harbour in Istanbul, Turkey May 31, 2021. PHOTO BY MEHMET CALISKAN /REUTERS
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ISTANBUL — A thick, slimy layer of so-called “sea snot” is spreading in Turkey’s Sea of Marmara to the south of Istanbul, posing a threat to marine life and the fishing industry.

Scientists say climate change and pollution have contributed to the proliferation of the organic matter, also known as marine mucilage, which contains a wide variety of microorganisms and can flourish when nutrient-rich sewage flows into seawater.

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Drone footage shot over the Sea of Marmara shows ferries and cargo ships criss-crossing harbors and seawater blanketed with the viscous, grayish substance that can suffocate marine life.

“The Sea of Marmara’s plight is the outcome of what humans did. This is the outcome of household waste and pollution,” said filmmaker Tahsin Ceylan, who is making a documentary about the impact of the sea snot.

“The only thing to do is not to throw your waste into the sea,” he said. “I think nature does not deserve this.”

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A general view shows a thick layer of “sea snot,” consisting of a wide variety of microorganisms, that covers the sea near the coast in the Bostanci harbour in Istanbul, Turkey May 31, 2021
A general view shows a thick layer of “sea snot,” consisting of a wide variety of microorganisms, that covers the sea near the coast in the Bostanci harbour in Istanbul, Turkey May 31, 2021 PHOTO BY MEHMET CALISKAN /REUTERS
Experts linked the increasing amount of sea snot to high sea temperatures stemming from climate change as well as the discharge of untreated sewage into the sea.

Environment Minister Murat Kurum said the sea snot was a serious problem and a 300-strong team was assessing dozens of points in the Sea of Marmara as well as water treatment facilities and sources of pollution.


He said the government would bring together all concerned parties on Friday and announce an action plan to protect the sea on Sunday.

Hydrobiologist Levent Artuz warned that such ecological problems will continue unless there is a change in people’s behavior.

“As long as we carry on with those practices, it does not make much sense to expect different results. We will continue to encounter disasters like this,” he said, pointing to the increased discharge of sewage into the waters in recent years. (Writing by Daren Butler; Editing by Janet Lawrence)

 
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Dixie Cup

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Scientists say climate change and pollution have contributed to the proliferation of the organic matter, also known as marine mucilage, which contains a wide variety of microorganisms and can flourish when nutrient-rich sewage flows into seawater.

Hydrobiologist Levent Artuz warned that such ecological problems will continue unless there is a change in people’s behavior. Agreed!!

So what has that got to do with Climate Change? Sewage is treatable as most civilized countries have that ability so why are we allowing this? (B.C. Anyone?). That is called actual pollution Where is common sense in this discussion? No where to be found!!
 

pgs

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Scientists say climate change and pollution have contributed to the proliferation of the organic matter, also known as marine mucilage, which contains a wide variety of microorganisms and can flourish when nutrient-rich sewage flows into cseawater.

Hydrobiologist Levent Artuz warned that such ecological problems will continue unless there is a change in people’s behavior. Agreed!!

So what has that got to do with Climate Change? Sewage is treatable as most civilized countries have that ability so why are we allowing this? (B.C. Anyone?). That is called actual pollution Where is common sense in this discussion? No where to be found!!
Common sense isn’t so common . And when your grant depends on a certain outcome , you can guarantee that will be the conclusion .
 

spaminator

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Turkey launches 'sea snot' clean-up to save Sea of Marmara
Author of the article:Reuters
Reuters
Dilara Senkaya and Ali Kucukgocmen
Publishing date:Jun 08, 2021 • 20 hours ago • 1 minute read • Join the conversation
Aerial view of 'sea snot', a thick slimy layer of the organic matter also known as marine mucilage, spreading through the Sea of Marmara and posing a threat to marine life and the fishing industry, on the shores of Istanbul, Turkey June 8, 2021.
Aerial view of 'sea snot', a thick slimy layer of the organic matter also known as marine mucilage, spreading through the Sea of Marmara and posing a threat to marine life and the fishing industry, on the shores of Istanbul, Turkey June 8, 2021. PHOTO BY MEHMET CALISKAN /REUTERS
Article content
ISTANBUL — Turkey vowed to save the Sea of Marmara on Tuesday by launching a disaster management program meant to clean up a slimy “sea snot” outbreak threatening marine life and the fishing industry.

The thick layer of organic matter, known as marine mucilage, has spread through the sea south of Istanbul covering harbours, shorelines and swathes of the surface. Some have sunk below the waves, suffocating seabed life.


Environment Minister Murat Kurum said 25 sea surface-cleaning and barrier-laying boats, as well as 18 other vessels, were working to prevent the spread of the mucilage. Illegal fishing and “ghost” nets would be halted and Turkey would declare Marmara a protected area by the end of 2021, he said.

“We are starting our cleaning efforts both on land and at sea at 15 points today,” Kurum said. “We are determined to save the Marmara and we will save it.”

Some 1,000 workers would bring the waste to shore and truck it to municipal facilities, he said.

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Scientists say climate change and pollution have contributed to the proliferation of the substance, which contains a wide variety of microorganisms and can flourish when nutrient-rich sewage flows into seawater.


Residents welcomed the clean-up, but complained about what they called years of uncontrolled pollution in the sea.

“Of course, this sea snot is something that is caused over a few years. Formed by our years-long unawareness, the harmful substances thrown into the sea caused a vomiting in the seabed and when there was no current, it stayed there,” said Kadir Saydam, a 65-year old pharmacist.

“Having the cleaning efforts is good visually,” he added.

President Tayyip Erdogan has blamed the plague on untreated water from cities including Istanbul, home to some 16 million people, and vowed to “clear our seas from the mucilage scourge.”
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pgs

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Yup not that hard a concept yet the woke crowd just don’t get it .
Go to the. pride parade and check out the garbage strewn streets after .
Go to the protest site the day after they leave , the pristine forest they are fighting to save looks like a combat zone .
Speaking of combat zones , how does a trip to Portland for window shopping sound , check out the creative plywood displays .
 

Danbones

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Funny, being snow is white an' all...
:)
I always ask: So, it's "climate change now?" What do you plan to do with all the money you have taken from us if it changes to colder?

Oh, TEXAS - legislated Blackouts ( by people who don't even live there) and enron price gouging!!! ... I see....
 

Danbones

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Quite the change in climate from inside to out side eh?
;)
oh well...let me know if they blow out any tropical sea shell fossils when they hit the gravel pit near Timmins.

I know they predicted the worst hurricane season this year and so far of course, it hasn't been...

Will The 2021 Hurricane Season Be the Worst Year Yet?​

BY ANDREW KROSOFSKY
MAY. 13 2021, PUBLISHED 3:28 P.M. ET

Let’s face it: no matter what triumphs you may have personally experienced in 2020, we can all agree that it wasn’t a “banner year” by any means. Between the raging wildfires, pandemic, and a record-breaking hurricane season, many folks were glad to see the back of old 2020. We might be out of the woods when it comes to some of those issues, but unfortunately, the 2021 hurricane season predictions aren’t shaping up to be any better.

2021 Hurricane Season: NOAA Unveils Predictions For Atlantic​

Kimberly Johnson 6/1/2021
https://twitter.com/share?url=http://a.msn.com/04/en-us/AAKBQo5?ocid=st&text=2021+Hurricane+Season:+NOAA+Unveils+Predictions+For+Atlantic&original_referer=http://a.msn.com/04/en-us/AAKBQo5?ocid=st
https://web.whatsapp.com/send?text=http://a.msn.com/04/en-us/AAKBQo5?ocid=sw


How a Trump ally rode Trump’s election fraud lie to political prominence
(funny ....now....about them audits...)

back to the subject at hand...

According to forecasters, the 2021 Atlantic hurricane season will be above-normal, with up to five major hurricanes.
NORTH CAROLINA —This year's Atlantic hurricane season will be above normal with up to nearly two dozen named storms including up to five major hurricanes, according to forecasters.


Right now the Atlantic is quiet, with no areas being monitored for development by the National Hurricane Center.


lol government "conspiracy theorists" eh?
;)
like the ones that believe the covid 19 "virus" has actually been "isolated".
 
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