43-27B How Repugnant is Big Oil?

Mighty Exxon Mobil now finds itself in federal court, finally being called to account for the true cost of the damage that its oil and gas operations are doing to our climate.

This lawsuit points out that it is easy to be exorbitantly profitable if you don’t have to include your enormous pollution costs on your corporate books. Technically, the lawsuit charges that Exxon kept two sets of financial books – one acknowledging internally that its pollution was devastating our climate and would eventually cost both shareholders and taxpayers a fortune; and the other a rosy public presentation hiding those costs in order to puff up profits and claim that fossil fuels are more cost-effective than wind, solar, and other clean energy sources.