
This piece is an extract from a Roarmag.org article on the hidden agenda behind corporate-led reforms and how corporations’ offers to self-regulate are driven by wanting to silence criticism and expanding their own power and influence. It focuses on Exxon Mobil’s support for a carbon emissions tax to combat climate change. This is followed by a news report on how Exxon are heavily committed to growing the production of petrochemicals and plastics as an answer to uncertainty over the future of crude oil use.
EXXONMOBIL’S SELF-SERVING CLIMATE POLICY

In October 2018, ExxonMobil pledged $1 million to support a campaign for a carbon tax. But the donation by the largest US-based producer of oil and gas is no altruistic contribution to combating climate change. It is yet another self-serving corporate reform.
Exxon’s financial support toward climate policy goes toward a proposal championed by Americans for Carbon Dividends, a free-market organization that grew out of the policy think tank Climate Leadership Council (CLC). NPRcommentators summarized the CLC’s carbon tax proposal as raising “the price of fossil fuels to reduce their use and cut the amount of climate-changing carbon released into the atmosphere.” Under this plan the primary focus is to generate short-term revenue, while reducing carbon emissions is considered a mere positive side effect.
While any proposal to cut carbon emission might make environmental activists rejoice at first, there is more to the story. The CLC was co-founded in early 2017 by conservative policy entrepreneur Ted Halstead, and James A. Baker III, a former White House chief of staff and treasury secretary under Ronald Reagan, and secretary of state under George W. Bush. The CLC describes itself as a bipartisan, pro-market organization to “promote a carbon dividends framework as the most cost-effective, equitable and politically-viable climate solution.” Other founding members of the organization include former Federal Reserve chairs Ben Bernanke and Janet Yellen, former Treasury Secretary Hank Paulsen, with financial and infrastructural support coming from US corporate behemoths like Unilever, GM, Proctor & Gamble, and oil giants ExxonMobil, BP, Shell and Total.
Given the “who’s who” slate of political bigwigs and corporate sponsors, it should come as no surprise that the CLC’s proposal intricately embeds and subsumes the pressing issue of combating climate change into a neoliberal market-based scheme that raises the price of fossil fuel in the short run, while simultaneously scaling back EPA regulations against environmental pollution and climate change in the first place.
The CLC is a prime example of American welfare capitalism. The group is touting its support for climate policy while distracting the American people from its own corporate goals and aspirations.
CLC founder Ted Halstead articulated his organization’s agenda most clearly in a TED talk in May 2017: “[T]he road to climate progress in the United Stated runs through the Republican party and the business community.” Halstead argued that the CLC’s carbon dividends plan would result in “less regulation and far less pollution at the same time, while helping working class Americans get ahead.”
Based on the proposition to repeal environmental regulation and to increase prices on carbon-based fuel, it is hardly surprising that ExxonMobil publicly supports the CLC’s carbon tax plan. Behind a thinly veiled and disingenuous veneer of concern about climate change lies an even greater and more genuine concern about the company’s profits and market share.
Moreover, as CLC spokesperson Greg Bertelsen admitted, ExxonMobil and other large corporation are happy to embrace and support regulatory policies like a carbon tax because they all want “regulatory certainty” in order to “know what the rules of the game will be.” In the tradition of Bismarckian controlled progress from above, large corporations want to ensure that reform happens only under their own purview and the parameters that they set.
This type of corporate-inspired climate change policy still forms the basis for establishment politicians in their quest for public support, with Joe Biden’s andMichael Bloomberg’s respective plans to combat climate change each representing yet another public show of capitalist benevolence to reform at a time when the stakes could hardly be any higher, and when anything less than a full, genuine commitment to combating climate change is unacceptable.
Exxon, Saudis Bet on Plastics Growth in Giant Gulf Coast Plant

Exxon Mobil Corp. and Saudi Arabia’s state-controlled petrochemicals company formally approved construction of a new chemical complex in Texas that will process production from the Permian Basin’s booming oil and natural gas wells.
The project near Corpus Christi will be the world’s largest steam cracker and create $50 billion of “economic output” in the first six years, Exxon and Saudi Basic Industries Corp., known as Sabic, said in a joint statement on Thursday. The facility will convert hydrocarbons such as ethane and propane to ethylene, a chemical used to make everything from plastics to antifreeze.
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Industry executives have been lauding chemicals as an emerging driver of global oil and gas markets. Earlier this week, BP Plc Chief Economist Spencer Dale earlier predicted petrochemicals will dominate energy demand growth for the next two decades.
Plastics and chemicals are seen as increasingly vital to Big Oil’s future given uncertainty over crude demand and the push toward electric vehicles and cleaner energy sources. But some of the world’s most-advanced economies are increasingly clamping down on single-use plastics such as shopping bags and straws.
That hasn’t scared off Exxon. This year alone, the oil giant approved major expansions to its giant Baytown petrochemical complex and Beaumont refinery in Texas as well as a plastics unit in Louisiana. CEO Woods, former head of the company’s downstream division, sees the plants as essential to making money all the way from the wellhead to the final products.
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These two pieces show clearly how a corporation will often support reform efforts in order to detract from more wide-ranging demands that could really damage their interests.
Corporations have always offered support to state -led reforms to varying degrees to quell unrest, but all the while advancing their own agendas and expanding their own economic opportunities.
Meanwhile the public may get, some marginal benefits but leaving the bodies that produce the problem in the first place intact, and often stronger.






It’s tough being environmentally conscious – you order takeaways that comes in plastic containers; you have a craving to eat meat; you drive your car instead of bicycling to work because it was raining. All reasons to maybe feel guilty.