Consumer, Environmental Fury Kicks Off Exxon Meeting
By REUTERS
Published: May 31, 2006
DALLAS (Reuters) - Simmering consumer fury over soaring gasoline prices and angst over Exxon Mobil Corp.'s environmental policies converged on a Dallas symphony hall on Wednesday as the company kicked off its annual shareholders' meeting.
A normally raucous affair teeming with protesters, angry shareholders and police officers, Exxon's meeting has drawn more attention than usual this year. About 60 protesters stood outside the meeting hall in downtown Dallas, beating drums and chanting slogans like, "Exxon gets rich while U.S. soldiers die'' and "No planet, no dividends.''
"We're not asking them to transform themselves into Greenpeace,'' said Athan Manuel, a lobbyist with environmental group U.S. PIRG that wants Exxon to invest in renewable energy sources and do more on global warming concerns. "We're not asking them to do things that other oil companies haven't done.''
Stung by gasoline prices that have topped $3 a gallon, consumer groups are accusing the world's largest publicly traded oil company of profiting off the backs of hapless motorists.
U.S. lawmakers have joined in the act and are threatening to impose special windfall taxes on the company's profits. Those profits totaled a handsome $36 billion last year -- the most profitable year ever for a U.S. company....
http://www.nytimes.com/reuters/business/business-energy-exxon.html