Exclusive: FrankenPope convenes Big Oil, investors to talk climate change

Amy Harder – 6/1/18

Exclusive: FrankenPope convenes Big Oil, investors to talk climate change

[Oil executives jetting in to the Vatican from all over the world to discuss climate change and related issues such as energy conservation and air pollution! – AQ Tom] 

Pope Francis is hosting a gathering next week at the Vatican with executives of major oil producers and investment firms to talk about how the companies can address climate change, according to several people familiar with the event.

Why it matters: It’s one of the most significant developments showing how corporations are working with other world leaders on climate change amid President Trump’s whole-scale retreat on the issue.

Situational awareness: One year ago today, Trump announced his intention to withdraw America from the Paris climate deal, which now has support from every country except the United States. Three years ago, Pope Francis wrote his encyclical — a papal letter sent to all bishops of the Roman Catholic Church — on the importance of addressing climate change, a first in the church’s history.

Here’s a list of some of the participants in the private conference, with more expected:

  • Larry Fink, CEO of BlackRock, world’s largest asset manager.
  • Bob Dudley, CEO of BP.
  • Multiple sources said ExxonMobil would be represented, though a company spokesman couldn’t confirm late Thursday.
  • Eldar Sætre, CEO of Equinor, oil and energy producer partially owned by the Norwegian government (formerly Statoil).
  • Ernest Moniz, former U.S. Energy Secretary under then-President Obama.
  • Lord John Browne, former CEO of BP and current executive chairman of L1 Energy, an oil and gas investment firm.

The big picture: The Pope, BlackRock and big oil companies are increasingly focusing on climate change as cleaner sources of energy have become more competitive, the impacts of a warmer world have become more apparent, and public pressure to address the issue mounts. This meeting reflects this convergence.

The details: The focus of the gathering is similar to the encyclical (“On Care For Our Common Home”) with an emphasis on the energy transition of a “shared home,” according to people familiar with it. The event is occurring late next week, with two people saying the Pope is likely to talk Saturday.

  • The University of Notre Dame is helping convene it. Leo Burke, director of its business school’s climate investing initiative, declined to comment. “All along the way, we have said that any energy-related meeting involving the Vatican and Notre Dame would be a private dialogue among the attendees,” Burke told me by email.

Yes, but: While it’s a significant meeting, it’s still just a meeting. Deep political stalemate persists in the United States on the issue. Tensions are flaring over lawsuits alleging big oil companies are liable for climate change and some environmentalists say the industry’s greener moves aren’t big or fast enough. To what degree the Vatican gathering prompts change and new developments is a big question mark.

For the record:

  • BP spokesman Geoff Morrell said Dudley is “looking forward to the Vatican dialogue. He believes gatherings of this kind help develop a better understanding of the energy transition and the best ways for corporations, countries and wider society to participate in it.”
  • A spokesman for Moniz confirmed his attendance.
  • A BlackRock spokesperson declined to comment.
  • Spokespeople for Browne and Equinor didn’t return requests for comments.
  • Efforts to reach the Vatican by phone and email were unsuccessful.
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9 comments on “Exclusive: FrankenPope convenes Big Oil, investors to talk climate change

  1. Amazing how bunk has replaced thought and disciplined scientific rigor, ain’t it?

  2. Which alludes to the five year old question: Who’s payroll is Jorge Bunk-goglio REALLY on?

  3. The Pope has no expertise or special knowledge relating to fossil fuels, energy, or combustion technologies. The Illuminati control most petroleum corporations. Are they interested in getting a closer look at Vatican art they want to buy to decorate their corporate headquarters and vacation homes? What do Exxon and BP want in the Vatican?

    Quote: “•The University of Notre Dame is helping convene it. Leo Burke, director of its business school’s climate investing initiative, declined to comment. “All along the way, we have said that any energy-related meeting involving the Vatican and Notre Dame would be a private dialogue among the attendees,” Burke told me by email.”

    Follow the money….

    This sounds far afield from preaching the Gospel and the Christian faith (i.e., very suspicious).
    Who at Notre Dame is getting paid for this Big Oil shindig at the Vatican?

  4. Paid shilling is a growth industry!

  5. I thought the Rockefeller Foundation had already bought Notre Dame for the Illuminati (during the Father Hesburgh era).

    In the Weberian sociology of upward mobility in the Mammon Spirit of the Protestant ethic, Illuminati and masonic billionaires develop effete and extravagant tastes for interior design and art collecting in the pretentious aesthetic phase of their megalomania. This extends to Catholic art and architecture of the Italian Renaissance and Medieval France. While they can’t achieve the Catholic faith in their souls with money, they can buy Catholic property and art treasures, putting their name all over it.

    If they want to buy Pope Francis and put him in The Cloisters Museum in New York, I’ll send a donation. His unusual act might work better in a Rockefeller museum.

    en.wikipedia.org/wiki/The_Cloisters












  6. Keen observations, Howl.

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