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May 30, 2017
Title: Oil and Climate Alarmism Don’t Mix for Shareholders
Topic: Shareholder Activism
Discussed by Steve Milloy
with Junk Science (www.JunkScience.com)
Steve Milloy is the author of “Scare Pollution: Why and How to
Fix the EPA”. His article, “Oil and Climate Alarmism Don’t Mix for
Shareholders” can be found
here.
Questions/Issues Discussed:
What is an “activist shareholder”? What influence on corporate policy
can they exert?
Steve Milloy’s shareholder proposal to end all political activist shareholder
proposals will be voted on at Exxon Mobil’s annual shareholder’s meeting. Listen
as Steve explains why he is an “activist shareholder”.
Why does Exxon Mobil WANT to be regulated by the government?
How many activist shareholders does it take to exert sufficient
pressure on a publicly traded corporation?
Is the management of Exxon Mobil (and other companies) simply trying to appease
the shareholders without regard to the public and the good of the economy?
Are there examples of consequences for investors of oil and gas companies who
failed to take climate activists seriously? Steve Milloy shares a specific
example of a coal company that went bankrupt and the shareholders received
nothing…
How can the “activist shareholders” be held in check?
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