Exxon suspended from climate advocacy group it helped form

Reuters ^ | 06 Aug 2021 | Arathy S Nair and Sahil Shaw in Bengaluru; additional reporting by Sabrina Valle in Houston

[blueplum]

Aug 6 (Reuters) - Exxon Mobil Corp (XOM.N) was suspended from advocacy group Climate Leadership Council (CLC) that looks to make policies to address climate change, the CLC said on Friday.

Exxon was a founding member of the group ....

The non-profit organization World Resources Institute (WRI), a CLC member, said Exxon was not aligned with the council's push to put a price on carbon as a key response to the climate crisis.

"We welcome CLC's separation from Exxon," the institute's CEO, Ani Dasgupta, said in a note, while calling on companies to support a price on carbon in any future legislation that advances in Congress...

[blueplum]

For example, just imagine how much cash the impoverished, low carbon economy of Cuba would be entitled to.

Any ‘impoverished nation’ cash would only offset the consumer tax, right? Especially islands, they have to import/buy carbon-based energy for industry, so it would further impoverish the small business owner who is very much a captive audience being on an island. Cuba just allowed small business enterprise, who will have to pay higher operating costs, passed on in pricing and wages to a still impoverished community. Don’t see where a carbon tax helps the unwashed masses at all.

So I think you’re right. There’s a larger and larger crowd of elites who’s children and grandchildren need cushy jobs with fancy titles and preprinted talking points to maintain their elitism. Purchased red-hats as in days of old. Global warming is just a front for an upscale employment office.

[Rockingham]

Not just Cuba, but a large swath of the Third World consists of countries that rely on foreign aid for hard currency and to finance the governing elite’s standard of living. For such countries, an extra dollop of cash from developed nations as part of a global warming program would be extremely attractive. And, being poor, they would probably be exempt from most or all of the carbon tax system.