Current:Home > FinanceDNC Platform Calls for Justice Dept. to Investigate Fossil Fuel Companies -InvestPro
DNC Platform Calls for Justice Dept. to Investigate Fossil Fuel Companies
View
Date:2025-04-27 12:52:51
The committee drafting a platform for Hillary Clinton and the Democratic Party unanimously called on Friday for the Justice Department to investigate fossil fuel companies, such as ExxonMobil Corp., accused of misleading shareholders and the public about the risks of climate change.
At the same time, in a session Friday night, the group brushed off calls by environmental activists for the platform to support several stronger actions to move away from fossil fuels. The policies, favored by Bernie Sanders, include a carbon tax and a ban on fracking.
The effect of the session, one of several forums around the country, was to intensify the partisan heat around criticism of Exxon’s climate record, while allowing the Clinton camp to stake out political territory that is not quite so harsh on oil, coal and natural gas companies.
READ – Exxon: The Road Not Taken
Exxon is already under scrutiny by several state attorneys general. President Obama’s attorney general has referred the question to the Federal Bureau of Investigation for consideration.
Republicans, for their part, have come to Exxon’s defense and denounced the probes as a politically inspired witch hunt that infringes on the company’s constitutional rights.
Early in the campaign, after Sanders demanded a federal investigation, Clinton said that she, too, thought a Justice Department probe was warranted under RICO, a federal racketeering statute. But during the debates, as Sanders staked out forceful positions against fracking and for a carbon tax, Clinton refused to go that far.
And in the face of petitions by green activists trying to pull the platform more in the Sanders direction, Clinton’s representatives on the platform panel backed her up. Clearly, they wanted to keep their fingers off such hot buttons, such as a promise to leave most fossil fuel reserves in the ground.
They also refused to embrace a “climate test” for approving future energy projects, similar to the one President Obama imposed in turning down TransCanada’s application for the Keystone XL tar sands pipeline.
Asked about the loss on so many points, the 350.org campaigner Bill McKibben said in an email, “Since I argued for them, I guess their failure is on me. Disappointing.”
But the platform panel, according to RL Miller, founder of the advocacy group Climate Hawks Vote, did accept a goal of obtaining all U.S. energy from renewable fuels by 2050.
That ambition would support the new Paris climate agreement’s goals and is hardly compatible with a business-as-usual or “all-of-the-above” energy policy. And it is a far cry from the pro-drilling, pro-fracking, pro-fossil fuels stance of the Republican Party and its candidate, Donald Trump.
“We’re thrilled that the Democratic Party will formally recognize the need to hold fossil fuel companies accountable for their deceit,” Miller said. “And we’re happy that the committee is calling for the United States to be 100% powered by clean energy by 2050. However, we don’t see how we’ll make that bold leap with baby steps.”
She added that her group is “appalled by the incrementalist approach adopted by the majority of the committee in voting down amendments to ban fracking, price carbon, and keep fossil fuels in the ground. Incrementalism won’t solve the climate crisis.”
The platform’s authors did not name Exxon, but the debate made clear that the company was the subject of their call for a federal investigation.
“All corporations owe it to their shareholders to fully analyze and disclose risks they face including climate risks,” said the language they accepted. “Those who fail to do so should be held accountable. Democrats also respectfully request the Department of Justice investigate allegations of corporate fraud on the part of fossil fuel companies accused of misleading shareholders and the public on the scientific reality of climate change.”
Speaking in support of the motion, Neera Tanden, president and CEO of the Center for American Progress, a longtime Clinton supporter, noted that Democratic state attorneys general “have been very strong in this” by pressing investigations of Exxon.
“We have a whole series of Republican attorneys general who are taking action right now to protect the oil companies from precisely this kind of litigation,” she added. “It’s really vital that we fight against those efforts at the state and local level.”
Watch the platform’s authors discuss the motion to investigate fossil fuel companies:
ICN reporter David Hasemyer contributed reporting to this story.
veryGood! (87563)
Related
- Former Syrian official arrested in California who oversaw prison charged with torture
- 'Wait Wait' for December 9, 2023: With Not My Job guest Fred Schneider
- Texas AG Ken Paxton files petition to block Kate Cox abortion, despite fatal fetal diagnosis
- 'She was a pure creator.' The art world rediscovers Surrealist painter Leonor Fini
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- With bison herds and ancestral seeds, Indigenous communities embrace food sovereignty
- Heisman Trophy is recognizable and prestigious, but how much does it weigh?
- Catholic priest in small Nebraska community dies after being attacked in church
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Regulators’ recommendation would mean 3% lower electric rates for New Mexico residential customers
Ranking
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- 4 coffee table art books from 2023 that are a visual feast
- Asteroid will pass in front of bright star Betelgeuse to produce a rare eclipse visible to millions
- Elon Musk restores X account of conspiracy theorist Alex Jones
- Could your smelly farts help science?
- With bison herds and ancestral seeds, Indigenous communities embrace food sovereignty
- How Kyle Richards, Teresa Giudice and More Bravo Stars Are Celebrating the 2023 Holidays
- AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Iran bans Mahsa Amini’s family from traveling to receive the European Union’s top human rights prize
For Putin, winning reelection could be easier than resolving the many challenges facing Russia
Dozens of animals taken from Virginia roadside zoo as part of investigation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
'Tis The Season For Crazy Good Holiday Deals at Walmart, Like $250 Off A Dyson Vacuum
Columbus Crew vs. Los Angeles FC MLS Cup 2023: Live stream, time, date, odds, how to watch