EXXON - Dropped from the Dow Jones Industrial Average after 92 Years.

[TheBlackAdder]

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Climate campaigners on Tuesday marked a major milestone in the fight to eliminate the use of fossil fuels and transition to a green energy economy as ExxonMobil was dropped from the S&P Dow Jones Industrial Average after nearly a century.

The oil giant, the oldest member of the Dow, was replaced on the index by software company Salesforce as more than 100,000 people were displaced by wildfires raging across California, a third year of global Fridays for Future climate action protests kicked off, and the Republican Party was rebuked for failing to even mention the planetary emergency on the first night of its national convention.

The finance world, 350.org executive director May Boeve said, has been forced to "[wake] up and [cut] ties with these climate criminals."

"Big Oil has fallen," Boeve said. "Our job is to make sure they don't take us down with them. Fossil fuel companies like Exxon knew and lied for decades about the main cause of the devastating impacts we're now experiencing across the globe: from fires, storms, and floods to droughts and rising seas... We are rising up to make polluters pay for their destruction."

Bill McKibben, co-founder of 350.org, credited climate campaigners who have spent decades educating the public about the climate crisis and the dangerous effects of extracting fossil fuels from the Earth, and demanding a transition to renewable sources of energy like solar and wind power.

More at C&L:
https://crooksandliars.com/2020/08/after-92-years-exxon-dropped-dow-jones

Trump won't be propping up Big Oil. It's fate is in the financials cards.

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[magicarpet]

1. trDump is stuck on stupid,...

... he wants to resurrect coal, the buggy whip, and three masted sailing ships.

[no_hypocrisy]

2. OMG, Standard Oil!

Equivalent to losing General Motors.

[BComplex]

3. I hope they take the saudis down with them.

That monarchical terrorist nest with extreme wealth and extreme religious & political views has ridden the climate to near destruction.

The saudi royal family owns OUTRIGHT 6% of Fox news, and owns more than that with their shell corporations. They've owned Rupert Murdock from the beginning. The republicans have been feeding the terrorists for more years than we can count.

[walkingman]

4. I'm hoping this is a sign that the fossil fuel industries influence will be dimishing as has been

predicted - as a Texan, I'll believe it when I see it. Just hoping we will transition to a 21st Century method of producing energy before it's too late.