Jason Opeña Disterhoft, Senior Climate and Energy Campaigner, Rainforest Action Network: “BlackRock faced two clear tests on JPMorgan Chase, the world’s top banker of fossil fuels, and it failed both. At the ExxonMobil AGM on May 26th, a revealing exchange took place between Lee Raymond, ExxonMobil chairman and CEO, and Dale McCormick, the Treasurer of Maine. Will this particular example of … Exxon CEO Lee Raymond’s position on climate change was to “strangle it in the cradle and say there’s no proof, the science is bunk,” Taylor said. A crash course on climate change — 50 years after the first Earth Day. As the CEO of ExxonMobil, he was the chief architect of a decades-long disinformation campaign to discredit climate science and brainwash Americans into questioning the reality of climate change. For more than thirty years, he was also a lead figure on JPMorgan Chase’s board. When Mr. McCormick asked a question about how the company’s accounts for liabilities related to climate change related to climate change regulations on its Under Tillerson’s predecessor, CEO Lee Raymond, Exxon fought the Kyoto Protocol on global warming and other climate policies, frequently framing climate science as shaky at best. Winter precipitation variability and corresponding teleconnections over the northeastern United States, Ning, Liang, and Bradley Raymond S. , Journal of Geophysical Research: Atmo The 2020 trend of shareholder action on climate also resulted in the first climate change resolution sent to a publicly traded company in Japan. He's reluctant to grant interviews and … 49.6% of shareholders voted to require Chase to produce a plan to align its business with the goals of the Paris … In May, the board of JPMorgan Chase voted to remove former ExxonMobil CEO Lee Raymond as the board's lead independent director, amid pressure from climate activists. JPMorgan said in May it was planning to name a replacement for Raymond, 82, after nonprofit groups and some large investors pushed to remove him due to his track record on climate change. He was the chairman and C.E.O. Tweet. From the late 1970s and through the 1980s, Exxon, one of predecessors of ExxonMobil, had a public reputation as a pioneer in climate change research. The Guardian noted that AEI has received substantial funding from ExxonMobil and that former Exxon CEO Lee Raymond -- a vocal climate change skeptic -- served as AEI's Vice Chair. ... Lee Raymond… Lee Raymond’s Abysmal Track Record on Climate Science and Policy Renders Him Uniquely Ill-Suited to Provide Oversight on Climate Risks. “The future is not in financing risky, bankrupt prone fossil fuel companies wrecking our climate. ... the Intergovernmental Panel on Climate Change… In June 2020, the General Attorney of … Lee Raymond, the former chief executive of oil company ExxonMobil, has resigned from the board of JPMorgan Chase following sustained pressure on the bank from climate activists and investors. Raymond has a reputation among colleagues for being brilliant, logical and gruff, an old-school businessman. Exxon’s chairman and chief executive, Lee Raymond, told industry executives in 1996 that “scientific evidence remains inconclusive as to whether human activities affect global climate.” No specific reason was given for his resignation. For decades, Exxon Mobil has held a well-deserved reputation as one of the nation's leading bulwarks against addressing climate change. Transcript: ExxonMobil's Lee Raymond. Climate change was discussed as project plans were assembled, according to regulators and contractors who worked on the project. In many of the countries where it conducts business, ExxonMobil’s sway over politics and security is greater than that “Limiting climate change will require substantial and sustained reductions of greenhouse gas emissions,” said Thomas Stocker, a Working Group co-chair. “[Here] you have Lee Raymond casting doubt publicly on the fact that climate change might be happening, but internally Exxon scientists are looking at climate change … “After everyone had his say or her say, Lee’s point of view was heavily influential with everyone else,” said former Hearst boss Frank A. Bennack Jr., … of the oil giant Exxon from 1993 to 1999 and of Exxon Mobil from 1999 to 2005, years when it helped pioneer corporate efforts to … NEIL CAVUTO, HOST: As … in 1993—and was a senior executive throughout the decade that Exxon had studied climate science—gave a key speech to … New York’s pension system says JPMorgan Chase board member Lee Raymond “lacks the impartiality and climate competency” needed to fulfill his duties when it comes to climate-change risks. For decades, Exxon had funded far-right think tanks that seeded doubt over the scientific consensus on climate change. In that respect as in others, Exxon has always been an industry leader: the company today says it employs about 16,000 scientists and engineers. User Clip: Lee Raymond on Climate change 1996. The call for Raymond’s removal follows JPMorgan Chase’ new … Jason Opeña Disterhoft, Senior Climate and Energy Campaigner, Rainforest Action Network: “BlackRock faced two clear tests on JPMorgan Chase, the world’s top banker of fossil fuels, and it failed both. … Lee Raymond’s 1997 climate speech in China is looking better than ever. But now Lee Raymond is going. This is a partial transcript from "Your World with Neil Cavuto," October 17, 2005, that was edited for clarity. The longtime climate skeptic who turned Exxon Mobil Corp. into the biggest U.S. oil company is one of them. He joined the company in 1963 and served as president … It voted to re-elect Lee Raymond, the chief architect of global climate denial, to the board. Under Raymond, Exxon led a coalition of fossil fuel companies called the Global Climate Coalition, which sought to … Between the 1970s and 2015, Exxon and ExxonMobil researchers and academic collaborators published dozens of research papers.ExxonMobil provided a list of over 50 artic… Raymond, the former chief executive officer at Exxon Mobil Corp XOM.N, was the target of a vote-out campaign by environmental groups as he become the focus of criticism of JPMorgan's climate … NEIL CAVUTO, HOST: As … ... whether 81-year old Lee Raymond should be reelected by JPMorgan Chase … Like his predecessors, Exxon Mobil Corp. Chairman and Chief Executive Lee Raymond keeps a relatively low profile. WASHINGTON — Lee Raymond, the former CEO of Exxon Mobil who led a campaign to discredit climate science, has resigned from the board of JPMorgan Chase, the bank said Friday. Lee Raymond was the architect and a key public proponent of Exxon’s climate denial strategy while he served as Chair and CEO of ExxonMobil (and its predecessor Exxon) from 1993 to 2005. But he questioned the ability of climate models to predict the magnitude of the impact. Lee Raymond ran the company until 2005, and he's known for publicly refuting scientific evidence that climate change is driven by human activity. Climate Activists Fight to Remove Lee Raymond From JPMorgan - Bloomberg Lee R. Raymond holds the top position on JPMorgan’s 11-member board after Jamie Dimon. Panel on Climate Change. It voted to re-elect Lee Raymond, the chief architect of global climate denial, to the board. He is also still entitled to stock, options and long-term compensation worth at least another $258 million, according to a proxy statement filed by Exxon with the Securities and Exchange Commission yesterday. Mr. Raymond received a compensation package worth about $140 million last year, including cash, stock, options and a pension plan. “Sensitive satellite measurements have shown no warming since the late 1970s,” said then-ExxonMobil chief executive Lee Raymond in a speech on … And in June, at the behest of European bank BNP Paribas, Chevron's board voted for the first time ever to align the oil giant with the Paris climate accord. 2018] CLIMATE CHANGE DISINFORMATION 343 employed by the tobacco industry to sow doubt about the health risks of cigarette smoking, to try to persuade the public and 1995: ALEC attempts to influence policy on behalf of the fossil fuel industry, writing in a leaked legislative issue brief that “predictions of catastrophic global warming are theoretical and are not maintained by a general consensus within the scientific community.”Source. Raymond worked at ExxonMobil for 42 years, including as Chair and CEO, has substantial financial ties to the fossil fuel industry, including to entities financed by JPM, and is on record as a climate change denier. WASHINGTON – Friends of the Earth U.S., Rainforest Action Network, Sierra Club, 350BK and Sunrise NYC delivered a letter signed by 47,000 supporters calling on JPMorgan Chase to remove former ExxonMobil CEO Lee Raymond from the bank’s Board of Directors during JPMorgan Chase’s Investor Day, today in New York City.. Lee Raymond, a formidable former boss of the Texan titan, once told your correspondent to get out of his office after being challenged over his flagrant denial of climate … Raymond was an outspoken skeptic of mainstream climate science. On his watch Exxon Mobil became the second-biggest company in the world. At a time when Exxon scientists and leadership knew about the risks of climate change, Lee Raymond chose to lead a public effort to undermine climate science and restrict policy efforts to combat it. He had previously been the CEO of Exxon since 1993. Life after Lee. Lee R. Raymond (born August 13, 1938) is an American businessman and the chief executive officer (CEO) and chairman of ExxonMobil from 1999 to 2005. JPMorgan said in May it was planning to name a replacement for Raymond, 82, after nonprofit groups and some large investors pushed to remove him due to his track record on climate change. A very worthwhile @guardian Sunday read on rising public nuisance an... d fraud legal challenges to US fossil fuel companies for a concerted campaign of lies and deceit regarding their own scientific evidence on anthropogenic climate change since the late 50’s and which mirrors the misinformation and political interventionist strategy of tobacco companies. The giant oil … In 1997, BP’s British boss, John Brown, stunned the world by endorsing the science of climate change and calling for government regulation to reduce carbon emissions.Exxon’s Lee Raymond however, was an entirely different beast: brash, bullish and brutal. In the late 1990s, for instance, the company's then-chief executive, Lee Raymond, insisted the science of climate change was uncertain. Exxon Mobil, the world's largest publicly traded oil company, announced yesterday that Lee R. Raymond, its chairman and chief executive, would retire at the end of … Researchers argue this was just the start of a decades-long campaign to shape public opinion and to spread doubt about climate change. The leading proxy adviser also backed a shareholder proposal seeking climate change reporting. In Private Empire Steve Coll investigates the largest and most powerful private corporation in the United States, revealing the true extent of its power.ExxonMobil’s annual revenues are larger than the economic activity in the great majority of countries. Largest US bank bows to pressure from climate activists to demote Lee Raymond Lee Raymond, a former chief executive and chairman of ExxonMobil, has … 2018] CLIMATE CHANGE DISINFORMATION 343 employed by the tobacco industry to sow doubt about the health risks of cigarette smoking, to try to persuade the public and “A 1982 internal Exxon document … explicitly declares that the science was ‘unanimous’ and that climate change would ‘bring about significant changes in the earth’s climate’.” “Exxon’s chairman and chief executive, Lee Raymond, told industry executives in 1996 that “scientific evidence remains inconclusive as … Climate change was discussed as project plans were assembled, according to regulators and contractors who worked on the project. So it is no surprise that by the late 1970s and early 1980s, Exxon scientists largely understood climate change—not only its basic mechanism but many of its implications, … o Raymond is still listed as a member (and former chair) of the National Petroleum Council. LEE RAYMOND: Proponents of the global warming theory say that higher levels of greenhouse gases are causing world temperatures to rise and that burning fossil fuels is … Lee R. Raymond, 81, holds the top position on JPMorgan’s 11-member board after Dimon. priceofoil.org/2014/04/14/exxons-25-year-drop-dead-denial-campaign The recommendations issued by ISS late on Thursday marked … In the climate fight, Lee Raymond is the ultimate Bond villain. JPMorgan’s Lee Raymond Steps Down From Board After 33 Years ... after nonprofit groups and some large investors pushed to remove him due to his track record on climate change. JPMorgan faces increasing pressure from climate groups. 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