America is on the verge of energy independence. We now pump as much oil as Saudi Arabia. Investments in new technologies are paying off, buoying our economy with new jobs and lower energy prices. What's not to like?
Well plenty, if you are an activist who takes your lead from an organization called 350.org that wants to end the use of oil, gas and coal. The "350" comes from the group's goal of reducing the amount of carbon dioxide (CO2) in the atmosphere from its present level of 400 parts per million to 350. Its unclear what good such a reduction would do. CO2 is naturally occurring and is always present in the atmosphere. It's what we exhale.
The move preceded Friday’s annual shareholder meeting, in which executives emphasized their commitment to principles of integrity. That came into question especially since April, when the New York Times revealed that company officials authorized millions of dollars in bribes in order to expedite building permits and other favors in Mexico.