2008-06-01

ExxonMobile Chief Vows to Stay the Course. By Claudia Cattaneo, Financial Post, May 29, 2008. "Rex Tillerson, chairman and chief executive of Exxon Mobil Corp., the world's largest oil-and-gas company, came out swinging Wednesday against the environmental movement, arguing the science of climate change is far from settled and that his company views it as its "corporate social responsibility" to continue to supply the world with fossil fuels. Speaking to reporters after the annual meeting of shareholders, at which much-publicized proposals by the Rockefeller family calling for new investment in renewable energy [failed to pass], Mr. Tillerson also said he expects little delay in the $8-billion Kearl oilsands project in Alberta, after a court challenge by environmental organizations this month resulted in the withdrawal of a key federal permit, halting important work."

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