Shocking! The SEC rules that activist shareholders can’t force oil companies to stop being oil companies!

Watts Up With That?

Guest hyperbole by David Middleton

Since, someone will very likely comment that the article doesn’t say that activist shareholders were trying to force oil companies to stop being oil companies, I will answer preemptively:

  1. You don’t know what an oil company is or does.
  2. The thread title was intentionally hyperbolical.

One of the two answers above may be hyperbolical.

However, my thread title is not nearly as misleading as the title of this Axios article:

Amy Harder Apr 2

Investors stunned over oil producer’s climate-change exemption

A new twist is unfolding in the fight between activist investors and the oil industry: an unprecedented move by federal regulators allowing a major producer to preemptively kill a shareholder resolution on climate change without a vote.

Why it matters: The Securities and Exchange Commission’s support of oil producer EOG Resources is emerging as a flashpoint in what has become America’s central battleground over climate…

View original post 608 more words

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This entry was posted in economics on by .

About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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