Surviving Capitalism (Not) : Exxon and Shell Announce Massive Profit Gains — All the More to Spend on Influence Peddling and Climate Denial

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Friday, August 5, 2011

Exxon and Shell Announce Massive Profit Gains — All the More to Spend on Influence Peddling and Climate Denial

Click here to access article by Noreen Nielsen from Climate Progress.

Exxon reported a whopping $10.7 billion in profits, an increase of 41% from the same period last year. Overall, Exxon has earned over $20 billion in profits in just the first six months of the year. Not surprisingly, ExxonMobil is also one of the most politically engaged of the top five oil companies.

Who says the economy is not doing well? The big corporations, particularly Big Oil is doing fine. And read the details about what they do with their profits to increase profits.