We Are the World Blogfest
Okay, I’m a lawyer (don’t hold that against me) and an environmentalist, so this month’s entry for #WATWB is about the New York Attorney General’s office and their lawsuit against Exxon Mobile for fraudulently advising investors about the risks of climate change regulation and the methods by which Exxon was preparing for it. Hmmm, a story about a lawsuit doesn’t sound so feel good happy, you say? Well, read on.
According to the New York Times (fake news in some circles, but in my humble opinion, a newspaper with the highest, most reputable journalistic standards in the world) article, the lawsuit alleges that: “[Exxon Mobile] engaged in a “longstanding fraudulent scheme” to deceive investors, analysts and underwriters “concerning the company’s management of the risks posed to its business by climate change regulation.” In essence, Exxon did a little dance with the books, i.e., two sets, one with the projected real-time costs of climate change on the company’s bottom line, and another that it trotted out to investors. According to the New York Attorney General, the differences were significant.
By focusing on the company’s misleading information given to investors regarding the cost — ultimately to them — of climate change, rather than focusing on any number of environmental laws that may or may not have required Exxon to do something to help curb climate change, the Attorney General was able to use a century old securities law to assist in the fight rather than try to push something through the quagmire of current environmental policy that is as politically charged as a lightning rod and not at all likely to carry the day.
Sheer brilliance. And the lawsuit involves attorneys general from other states, too. This is the kind of checks and balances on power that the framers of the Constitution intended. The wheels of justice do turn slowly, but they turn. And the possible side-effect of slowing down the rate at which climate change could eventually change the face of the planet as we know it should make us all happy, too.
Once again, here are the guidelines for #WATWB
1. Keep your post to Below 500 words, as much as possible.
2. Link to a human news story on your blog, one that shows love, humanity, and brotherhood. Paste in an excerpt and tell us why it touched you. The Link is important, because it actually makes us look through news to find the positive ones to post.
3. No story is too big or small, as long as it Goes Beyond religion and politics, into the core of humanity.
4. Place the WE ARE THE WORLD badge or banner on your Post and your Sidebar. Some of you have already done so, this is just a gentle reminder for the others.
5. Help us spread the word on social media. Feel free to tweet, share using the #WATWB hastag to help us trend!
Tweets, Facebook shares, Pins, Instagram, G+ shares using the #WATWB hashtag through the month most welcome. We’ll try and follow and share all those who post on the #WATWB hashtag, and we encourage you to do the same.
Want to join #WATWB? Then click here to enter your link and join us and spread the joy!
And once you’ve written your posts, please link them here: https://www.facebook.com/1340888285958297/posts/1956422147738238/