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RiceLad15 Online
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Post: #541
RE: Climate Change, Alternative Energy, and the like
More interesting news: Exxon publicly calling for stricter methane emission regulations, in opposition to the Trump admin's changes.

Quote:Exxon Mobil on Tuesday called for tighter regulation of the greenhouse gas methane and offered up its own in-house rules as a model for companies and lawmakers worldwide.

The largest U.S. oil company laid out the guidelines it follows - some of which have been rolled back by the Trump administration - at a time when the industry faces growing pressure from investors to reduce its environmental footprint.

https://www.reuters.com/article/exxon-mo...SL1N2AW034
03-04-2020 01:02 PM
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Frizzy Owl Offline
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Post: #542
RE: Climate Change, Alternative Energy, and the like
(03-04-2020 01:02 PM)RiceLad15 Wrote:  More interesting news: Exxon publicly calling for stricter methane emission regulations, in opposition to the Trump admin's changes.

Quote:Exxon Mobil on Tuesday called for tighter regulation of the greenhouse gas methane and offered up its own in-house rules as a model for companies and lawmakers worldwide.

The largest U.S. oil company laid out the guidelines it follows - some of which have been rolled back by the Trump administration - at a time when the industry faces growing pressure from investors to reduce its environmental footprint.

https://www.reuters.com/article/exxon-mo...SL1N2AW034

Market forces at work.
03-04-2020 01:35 PM
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OptimisticOwl Offline
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Post: #543
RE: Climate Change, Alternative Energy, and the like
Exxon as the darling of the environmental movement.

Hooda thunk it.
03-04-2020 01:38 PM
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RiceLad15 Online
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Post: #544
RE: Climate Change, Alternative Energy, and the like
(03-04-2020 01:35 PM)Frizzy Owl Wrote:  
(03-04-2020 01:02 PM)RiceLad15 Wrote:  More interesting news: Exxon publicly calling for stricter methane emission regulations, in opposition to the Trump admin's changes.

Quote:Exxon Mobil on Tuesday called for tighter regulation of the greenhouse gas methane and offered up its own in-house rules as a model for companies and lawmakers worldwide.

The largest U.S. oil company laid out the guidelines it follows - some of which have been rolled back by the Trump administration - at a time when the industry faces growing pressure from investors to reduce its environmental footprint.

https://www.reuters.com/article/exxon-mo...SL1N2AW034

Market forces at work.

Yet calling for government action...
03-04-2020 01:39 PM
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Frizzy Owl Offline
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Post: #545
RE: Climate Change, Alternative Energy, and the like
(03-04-2020 01:39 PM)RiceLad15 Wrote:  
(03-04-2020 01:35 PM)Frizzy Owl Wrote:  
(03-04-2020 01:02 PM)RiceLad15 Wrote:  More interesting news: Exxon publicly calling for stricter methane emission regulations, in opposition to the Trump admin's changes.

Quote:Exxon Mobil on Tuesday called for tighter regulation of the greenhouse gas methane and offered up its own in-house rules as a model for companies and lawmakers worldwide.

The largest U.S. oil company laid out the guidelines it follows - some of which have been rolled back by the Trump administration - at a time when the industry faces growing pressure from investors to reduce its environmental footprint.

https://www.reuters.com/article/exxon-mo...SL1N2AW034

Market forces at work.

Yet calling for government action...

Well of course. Any company that goes above and beyond turns to government to make it a requirement for their competitors to do likewise. Happens in the auto industry, too, with safety innovations.
03-04-2020 01:42 PM
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RiceLad15 Online
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Post: #546
RE: Climate Change, Alternative Energy, and the like
(03-04-2020 01:42 PM)Frizzy Owl Wrote:  
(03-04-2020 01:39 PM)RiceLad15 Wrote:  
(03-04-2020 01:35 PM)Frizzy Owl Wrote:  
(03-04-2020 01:02 PM)RiceLad15 Wrote:  More interesting news: Exxon publicly calling for stricter methane emission regulations, in opposition to the Trump admin's changes.

Quote:Exxon Mobil on Tuesday called for tighter regulation of the greenhouse gas methane and offered up its own in-house rules as a model for companies and lawmakers worldwide.

The largest U.S. oil company laid out the guidelines it follows - some of which have been rolled back by the Trump administration - at a time when the industry faces growing pressure from investors to reduce its environmental footprint.

https://www.reuters.com/article/exxon-mo...SL1N2AW034

Market forces at work.

Yet calling for government action...

Well of course. Any company that goes above and beyond turns to government to make it a requirement for their competitors to do likewise. Happens in the auto industry, too, with safety innovations.

So it's a little more complicated than market forces at work.

Hopefully having such a large backer, and one that is in the industry itself, will influence Congress and/or regulators.
03-04-2020 01:45 PM
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Frizzy Owl Offline
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Post: #547
RE: Climate Change, Alternative Energy, and the like
(03-04-2020 01:45 PM)RiceLad15 Wrote:  
(03-04-2020 01:42 PM)Frizzy Owl Wrote:  
(03-04-2020 01:39 PM)RiceLad15 Wrote:  
(03-04-2020 01:35 PM)Frizzy Owl Wrote:  
(03-04-2020 01:02 PM)RiceLad15 Wrote:  More interesting news: Exxon publicly calling for stricter methane emission regulations, in opposition to the Trump admin's changes.


https://www.reuters.com/article/exxon-mo...SL1N2AW034

Market forces at work.

Yet calling for government action...

Well of course. Any company that goes above and beyond turns to government to make it a requirement for their competitors to do likewise. Happens in the auto industry, too, with safety innovations.

So it's a little more complicated than market forces at work.

If you say so. IMO, there's a hairsplitting fine distinction between lobbying and market forces, but give it a name if it helps.
03-04-2020 01:48 PM
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RiceLad15 Online
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Post: #548
RE: Climate Change, Alternative Energy, and the like
(03-04-2020 01:48 PM)Frizzy Owl Wrote:  
(03-04-2020 01:45 PM)RiceLad15 Wrote:  
(03-04-2020 01:42 PM)Frizzy Owl Wrote:  
(03-04-2020 01:39 PM)RiceLad15 Wrote:  
(03-04-2020 01:35 PM)Frizzy Owl Wrote:  Market forces at work.

Yet calling for government action...

Well of course. Any company that goes above and beyond turns to government to make it a requirement for their competitors to do likewise. Happens in the auto industry, too, with safety innovations.

So it's a little more complicated than market forces at work.

If you say so. IMO, there's a hairsplitting fine distinction between lobbying and market forces, but give it a name if it helps.

From my perspective, when I hear market forces, I think of changes without distinct and obvious government intervention. So costs of certain goods, when a typical product goes out of style, when it becomes cheaper to manufacture something because of R&D funding, etc.

So in this case, Exxon taking the initiative to manage greenhouse gases themselves is market forces at play (they likely were being driven to by public perception/company values). But now they're lobbying for the government to mandate the change, which wouldn't be a market force, in my mind.
03-04-2020 02:03 PM
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Hambone10 Offline
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Post: #549
RE: Climate Change, Alternative Energy, and the like
(03-04-2020 02:03 PM)RiceLad15 Wrote:  From my perspective, when I hear market forces, I think of changes without distinct and obvious government intervention. So costs of certain goods, when a typical product goes out of style, when it becomes cheaper to manufacture something because of R&D funding, etc.

So in this case, Exxon taking the initiative to manage greenhouse gases themselves is market forces at play (they likely were being driven to by public perception/company values). But now they're lobbying for the government to mandate the change, which wouldn't be a market force, in my mind.

I agree with this. (I know... shocking... lol)

Exxon is most likely asking for the mandate because that would make them more competitive if others had to follow the same rules... but much like organic foods or 'renewable only' energy companies... there are plenty of people who would choose to do business with Exxon rather than Shell because of their position on this issue.

That's the market at work... and working correctly. Exxon is asking for something that IMO they shouldn't be/is unnecessary. If they were asking for a loosening... would the same people support it as 'appropriate governmental intervention'??

It's been years but I remember a conversation with someone saying that one of the gas stations... like Loves or something... was lobbying for electric cars because:
a) they are already set up as 'stops' where people would spend money while they charged
b) they were already mostly on interstates where such a thing was most needed... and at intervals related to reasonable stopping distances...
c) they owned all their stations

I don't remember if it was Love's, but I think people can follow the logic there.... why a company supposedly dedicated to gasoline might support something that can replace at least some of that gasoline... because many of their competitors lacked a lot of these situations that would make them a lot of money until everyone else caught up.
(This post was last modified: 03-04-2020 02:58 PM by Hambone10.)
03-04-2020 02:54 PM
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RiceLad15 Online
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Post: #550
RE: Climate Change, Alternative Energy, and the like
(03-04-2020 02:54 PM)Hambone10 Wrote:  
(03-04-2020 02:03 PM)RiceLad15 Wrote:  From my perspective, when I hear market forces, I think of changes without distinct and obvious government intervention. So costs of certain goods, when a typical product goes out of style, when it becomes cheaper to manufacture something because of R&D funding, etc.

So in this case, Exxon taking the initiative to manage greenhouse gases themselves is market forces at play (they likely were being driven to by public perception/company values). But now they're lobbying for the government to mandate the change, which wouldn't be a market force, in my mind.

I agree with this. (I know... shocking... lol)

Exxon is most likely asking for the mandate because that would make them more competitive if others had to follow the same rules... but much like organic foods or 'renewable only' energy companies... there are plenty of people who would choose to do business with Exxon rather than Shell because of their position on this issue.

That's the market at work... and working correctly. Exxon is asking for something that IMO they shouldn't be/is unnecessary. If they were asking for a loosening... would the same people support it as 'appropriate governmental intervention'??

It's been years but I remember a conversation with someone saying that one of the gas stations... like Loves or something... was lobbying for electric cars because:
a) they are already set up as 'stops' where people would spend money while they charged
b) they were already mostly on interstates where such a thing was most needed... and at intervals related to reasonable stopping distances...
c) they owned all their stations

I don't remember if it was Love's, but I think people can follow the logic there.... why a company supposedly dedicated to gasoline might support something that can replace at least some of that gasoline... because many of their competitors lacked a lot of these situations that would make them a lot of money until everyone else caught up.

We're 1 for 72!
03-04-2020 03:08 PM
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Post: #551
RE: Climate Change, Alternative Energy, and the like
(03-04-2020 02:03 PM)RiceLad15 Wrote:  From my perspective, when I hear market forces, I think of changes without distinct and obvious government intervention. So costs of certain goods, when a typical product goes out of style, when it becomes cheaper to manufacture something because of R&D funding, etc.
So in this case, Exxon taking the initiative to manage greenhouse gases themselves is market forces at play (they likely were being driven to by public perception/company values). But now they're lobbying for the government to mandate the change, which wouldn't be a market force, in my mind.

I have a friend who recently retired from a position as chemical engineer for a major, major petrochemical plant. OSHA came to visit once and insisted that they spend about $2 million on a safety improvement. My friend figured out that they could achieve the same goal, only better, for about $100,000. He took his idea to his boss. The boss said, "Whatever you do, don't tell anybody. We can afford $2 million. Our competitors can't."
03-04-2020 03:53 PM
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Hambone10 Offline
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Post: #552
RE: Climate Change, Alternative Energy, and the like
(03-04-2020 03:08 PM)RiceLad15 Wrote:  We're 1 for 72!

We're on a ROLL!
03-04-2020 03:56 PM
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