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Responding to Environmental Ethics:Moving From Petroleum to RenewableEnergy for the 21
st
Century
A Report for ExxonMobil
Carlos RymerMPA-Environmental Science and PolicySchool of International and Public AffairsColumbia University
December 11, 2008
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Contents
Introduction .................................................................................................................................. 3The Petroleum Business and Ethics ......................................................................................... 4ExxonMobil’s Activities ......................................................................................................... 4Petroleum and Climate Climate ........................................................................................... 6Climate Change Ethics ........................................................................................................... 7ExxonMobil’s Stance............................................................................................................. 10An Action Plan: Responding to Climate Change ................................................................ 11The End of the Carbon Era .................................................................................................. 11A New Business Path: Renewable Energy and Sustainable Transportation ............. 12Diversification Strategies .................................................................................................... 14Conclusions ................................................................................................................................ 15References ................................................................................................................................... 16
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As the world’s largest oil and gas company, ExxonMobil has a significantpositive impact on the lives of millions of people all around the world. ExxonMobil’sgoal of providing reliable energy to the world has set it apart as a pillar of globaldevelopment. At the same time, ExxonMobil’s focus on petroleum and gas products,especially those that are combusted to extract energy, has played a key role inpromoting climate change through an enhanced greenhouse effect. The combustion ofpetroleum and gas has increased the concentration of carbon dioxide in the atmosphereto levels that are rapidly warming the planet, leading to severe consequences for theworld economy and most of the Earth’s natural features.The purpose of this report is to outline why the company’s main activities areunethical and how its involvement in an effort to misinform the public about climatechange in the past have tarnished the company’s moral image. In addition, the reportuses the company’s unethical activities as justification for a strategic plan that will helpthe company not only address its moral image, but also gain a global reputation ofcorporate social responsibility and secure its financial viability in the 21
st
centurythrough new technologies that address climate change, create jobs, and spur economicdevelopment.
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Introduction
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Responding to Environmental Ethics: Moving From Petroleum to Renewable Energy in the 21st Century
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