... whether 81-year old Lee Raymond should be reelected by JPMorgan Chase … The call for Raymond’s removal follows JPMorgan Chase’ new … Lee Raymond was the architect and a key public proponent of Exxon’s climate denial strategy while he served as Chair and CEO of ExxonMobil (and its predecessor Exxon) from 1993 to 2005. This is a partial transcript from "Your World with Neil Cavuto," October 17, 2005, that was edited for clarity. “[Here] you have Lee Raymond casting doubt publicly on the fact that climate change might be happening, but internally Exxon scientists are looking at climate change … He had previously been the CEO of Exxon since 1993. It voted to re-elect Lee Raymond, the chief architect of global climate denial, to the board. Transcript: ExxonMobil's Lee Raymond. Lee R. Raymond, 81, holds the top position on JPMorgan’s 11-member board after Dimon. of the oil giant Exxon from 1993 to 1999 and of Exxon Mobil from 1999 to 2005, years when it helped pioneer corporate efforts to … OilLife after Lee. This is a partial transcript from "Your World with Neil Cavuto," October 17, 2005, that was edited for clarity. JPMorgan said in May it was planning to name a replacement for Raymond, 82, after nonprofit groups and some large investors pushed to remove him due to his track record on climate change. WASHINGTON – Friends of the Earth U.S., Rainforest Action Network, Sierra Club, 350BK and Sunrise NYC delivered a letter signed by 47,000 supporters calling on JPMorgan Chase to remove former ExxonMobil CEO Lee Raymond from the bank’s Board of Directors during JPMorgan Chase’s Investor Day, today in New York City.. “The future is not in financing risky, bankrupt prone fossil fuel companies wrecking our climate. A very worthwhile @guardian Sunday read on rising public nuisance an... d fraud legal challenges to US fossil fuel companies for a concerted campaign of lies and deceit regarding their own scientific evidence on anthropogenic climate change since the late 50’s and which mirrors the misinformation and political interventionist strategy of tobacco companies. In May, the board of JPMorgan Chase voted to remove former ExxonMobil CEO Lee Raymond as the board's lead independent director, amid pressure from climate activists. LEE RAYMOND… ... the Intergovernmental Panel on Climate Change… Last December, after a year of steady pressure to oust the 33-year JPMorgan board member Lee Raymond, the former Exxon chief resigned. Lee Raymond, who became the Exxon C.E.O. 10 minutes; 71 views; November 11, 1996 User Clip: Lee Raymond on Climate change 1996 1. Winter precipitation variability and corresponding teleconnections over the northeastern United States, Ning, Liang, and Bradley Raymond S. , Journal of Geophysical Research: Atmo From the late 1970s and through the 1980s, Exxon, one of predecessors of ExxonMobil, had a public reputation as a pioneer in climate change research. “Limiting climate change will require substantial and sustained reductions of greenhouse gas emissions,” said Thomas Stocker, a Working Group co-chair. Raymond, the former chief executive officer at Exxon Mobil Corp XOM.N, was the target of a vote-out campaign by environmental groups as he become the focus of criticism of JPMorgan's climate … Mr. Raymond received a compensation package worth about $140 million last year, including cash, stock, options and a pension plan. o Raymond is still listed as a member (and former chair) of the National Petroleum Council. “A 1982 internal Exxon document … explicitly declares that the science was ‘unanimous’ and that climate change would ‘bring about significant changes in the earth’s climate’.” “Exxon’s chairman and chief executive, Lee Raymond, told industry executives in 1996 that “scientific evidence remains inconclusive as … Lee Raymond ran the company until 2005, and he's known for publicly refuting scientific evidence that climate change is driven by human activity. NEIL CAVUTO, HOST: As … Climate change was discussed as project plans were assembled, according to regulators and contractors who worked on the project. Exxon CEO Lee Raymond’s position on climate change was to “strangle it in the cradle and say there’s no proof, the science is bunk,” Taylor said. Lee Raymond, former ExxonMobil CEO, will resign from the JPMorgan board of directors at the end of the year. 2018] CLIMATE CHANGE DISINFORMATION 343 employed by the tobacco industry to sow doubt about the health risks of cigarette smoking, to try to persuade the public and Under former CEO Lee Raymond, ExxonMobil promoted skepticism about the science of climate change. First, ExxonMobil's new CEO, Rex Tillerson, sounded a lot more reasonable than his predecessor Lee Raymond, who had denied the reality of climate change and called environmental advocates "extremists." “While demoting climate-denying Lee Raymond as lead independent director after 19 years is a start, this is just the tip of the melting iceberg of what needs to happen at JPMorgan Chase.” said Richard Brooks, Senior Strategist with 350.org. "Clearly there is going to be an impact," he said Wednesday. The bank has also faced pressure from shareholders this year for encouraging Lee Raymond, former CEO of ExxonMobil, ... “ As part of a broader plan for the bank to seriously grapple with the risks climate change poses to investors, Raymond should plan to retire from the board entirely,” said Maryland State Treasurer Nancy Kopp in a statement. New York’s pension system says JPMorgan Chase board member Lee Raymond “lacks the impartiality and climate competency” needed to fulfill his duties when it comes to climate-change risks. The longtime climate skeptic who turned Exxon Mobil Corp. into the biggest U.S. oil company is one of them. For more than thirty years, he was also a lead figure on JPMorgan Chase’s board. Raymond, the former chief executive officer at Exxon Mobil Corp XOM.N, was the target of a vote-out campaign by environmental groups as he become the focus of criticism of JPMorgan's climate … At the ExxonMobil AGM on May 26th, a revealing exchange took place between Lee Raymond, ExxonMobil chairman and CEO, and Dale McCormick, the Treasurer of Maine. Lee Raymond’s 1997 climate speech in China is looking better than ever. So it is no surprise that by the late 1970s and early 1980s, Exxon scientists largely understood climate change—not only its basic mechanism but many of its implications, … In many of the countries where it conducts business, ExxonMobil’s sway over politics and security is greater than that When Mr. McCormick asked a question about how the company’s accounts for liabilities related to climate change related to climate change regulations on its Panel on Climate Change. Large oil companies must possess considerable scientific expertise. And in June, at the behest of European bank BNP Paribas, Chevron's board voted for the first time ever to align the oil giant with the Paris climate accord. Tillerson, in a break with predecessor Lee Raymond, has acknowledged that global temperatures are rising. JPMorgan said in May it was planning to name a replacement for Raymond, 82, after nonprofit groups and some large investors pushed to remove him due to his track record on climate change. In Private Empire Steve Coll investigates the largest and most powerful private corporation in the United States, revealing the true extent of its power.ExxonMobil’s annual revenues are larger than the economic activity in the great majority of countries. “Sensitive satellite measurements have shown no warming since the late 1970s,” said then-ExxonMobil chief executive Lee Raymond in a speech on … The giant oil … Tillerson’s predecessor as CEO, Lee Raymond, got into the act personally, regularly disparaging climate science, infamously claiming in 1997 that the planet might be facing global “cooling.” Like his predecessors, Exxon Mobil Corp. Chairman and Chief Executive Lee Raymond keeps a relatively low profile. But he questioned the ability of climate models to predict the magnitude of the impact. In 1997, BP’s British boss, John Brown, stunned the world by endorsing the science of climate change and calling for government regulation to reduce carbon emissions.Exxon’s Lee Raymond however, was an entirely different beast: brash, bullish and brutal. In October 1997, China rolled out the red carpet for Lee Raymond, former CEO of ExxonMobil, who attended the World Petroleum Congress in Beijing. Jason Opeña Disterhoft, Senior Climate and Energy Campaigner, Rainforest Action Network: “BlackRock faced two clear tests on JPMorgan Chase, the world’s top banker of fossil fuels, and it failed both. In the late 1990s, for instance, the company's then-chief executive, Lee Raymond, insisted the science of climate change was uncertain. Largest US bank bows to pressure from climate activists to demote Lee Raymond Lee Raymond, a former chief executive and chairman of ExxonMobil, has … Raymond is on record as a climate change denier: o As Chair and CEO of ExxonMobil (and its predecessor Exxon) from 1993-2005, Raymond oversaw ExxonMobil at the time it undertook efforts to reject the science of climate change. The leading proxy adviser also backed a shareholder proposal seeking climate change reporting. He is also still entitled to stock, options and long-term compensation worth at least another $258 million, according to a proxy statement filed by Exxon with the Securities and Exchange Commission yesterday. A crash course on climate change — 50 years after the first Earth Day. Raymond worked at ExxonMobil for 42 years, including as Chair and CEO, has substantial financial ties to the fossil fuel industry, including to entities financed by JPM, and is on record as a climate change denier. The recommendations issued by ISS late on Thursday marked … Today, at the bank’s virtual annual shareholder meeting, JPMorgan Chase, the world’s worst funder of climate change, faced multiple questions on climate change as well as pressure to remove climate change denier and former Exxon CEO Lee Raymond from its board. But now Lee Raymond is going. Lee Raymond, the former chief executive of oil company ExxonMobil, has resigned from the board of JPMorgan Chase following sustained pressure on the bank from climate activists and investors. Raymond was an outspoken skeptic of mainstream climate science. In the climate fight, Lee Raymond is the ultimate Bond villain. To investors’ portfolios, the systemic risk of climate change is large, material, and undiversifiable–as […] Transcript: ExxonMobil's Lee Raymond. Researchers argue this was just the start of a decades-long campaign to shape public opinion and to spread doubt about climate change. The 2020 trend of shareholder action on climate also resulted in the first climate change resolution sent to a publicly traded company in Japan. Climate change: with Biden in office and Chinese emissions trading scheme on way, a new air of optimism In October 1997, China rolled out the red carpet for Lee Raymond, former CEO of ExxonMobil, who attended the World Petroleum Congress in Beijing. Join the Penn IUR Forum on Urban Informality for the second event in the 2021 Summer eSeminar Series, which will focus on the opportunities, challenges, and tradeoffs of increasing clean energy access in the Global South as they relate to basic energy needs, human health, and climate change considerations. The longtime climate skeptic who turned Exxon Mobil Corp. into the biggest U.S. oil company is one of them. 49.6% of shareholders voted to require Chase to produce a plan to align its business with the goals of the Paris … Lee Raymond, a former head of ExxonMobil, is the vice-chairman of AEI's board of trustees. Exxon funded internal and university collaborations, broadly in line with the developing public scientific approach, and developed a reputation for expertise in atmospheric carbon dioxide (CO2). CLIMATE CHANGE. That garnered lots … He joined the company in 1963 and served as president … He's reluctant to grant interviews and … Lee Raymond was the architect and a key public proponent of Exxon’s climate denial strategy while he served as Chair and CEO of ExxonMobil (and its predecessor Exxon) from 1993 to 2005. Exxon’s chairman and chief executive, Lee Raymond, told industry executives in 1996 that “scientific evidence remains inconclusive as to whether human activities affect global climate.” JPMorgan faces increasing pressure from climate groups. 2018] CLIMATE CHANGE DISINFORMATION 343 employed by the tobacco industry to sow doubt about the health risks of cigarette smoking, to try to persuade the public and Raymond railed against the Kyoto Protocol, an earlier global climate pact, in a … Lee Raymond’s Abysmal Track Record on Climate Science and Policy Renders Him Uniquely Ill-Suited to Provide Oversight on Climate Risks. “[Here] you have Lee Raymond casting doubt publicly on the fact that climate change might be happening, but internally Exxon scientists are looking at climate change … “The future is not in financing risky, bankrupt prone fossil fuel companies wrecking our climate. Still, Raymond’s departure comes earlier than expected. Exxon’s engagement with environmental activists was once characterized by a sense of bemusement — under former CEO Lee Raymond, Greenpeace protesters outside its annual meetings were offered donuts.But as worries about climate change have gone mainstream in the investment world, the clash has evolved into a confrontation over boardroom seats. As the CEO of ExxonMobil, he was the chief architect of a decades-long disinformation campaign to discredit climate science and brainwash Americans into questioning the reality of climate change. Raymond was to continue serving as the board's independent director through May 2021, a role he has held for the past seven years on a board on which he sat for one-third of a century. Between the 1970s and 2015, Exxon and ExxonMobil researchers and academic collaborators published dozens of research papers.ExxonMobil provided a list of over 50 artic… Lee Raymond, a formidable former boss of the Texan titan, once told your correspondent to get out of his office after being challenged over his flagrant denial of climate … He was the chairman and C.E.O. Raymond has a reputation among colleagues for being brilliant, logical and gruff, an old-school businessman. In that respect as in others, Exxon has always been an industry leader: the company today says it employs about 16,000 scientists and engineers. In the face of a global pandemic, climate-driven hurricanes, wildfires, and other extreme weather events, and the subsequent economic crisis destroying lives, livelihoods, and property, it is clear that systemic risks are the greatest threat to global economic and financial stability. In September, the bank named Stephen Burke as lead independent director. Tweet. … Climate change was discussed as project plans were assembled, according to regulators and contractors who worked on the project. Under Tillerson’s predecessor, Lee Raymond, the company had aligned itself heavily with Republicans, funneling 95 percent of its political donations to the party from 2000 to 2004, according to Steve Coll’s 2012 book, Private Empire: ExxonMobil and American Power. Lee R. Raymond, 81, holds the top position on JPMorgan’s 11-member board after Dimon. For decades, Exxon had funded far-right think tanks that seeded doubt over the scientific consensus on climate change. In the end, 49.6% voted to require Chase to produce a plan to align its … Lee R. Raymond (born August 13, 1938) is an American businessman and the chief executive officer (CEO) and chairman of ExxonMobil from 1999 to 2005. SAN FRANCISCO, CA, May 19, 2020 — Today, at the bank’s virtual annual shareholder meeting, JPMorgan Chase, the world’s worst funder of climate change, faced multiple questions on climate change as well as pressure to remove climate change denier and former Exxon CEO Lee Raymond from its board. priceofoil.org/2014/04/14/exxons-25-year-drop-dead-denial-campaign The Guardian noted that AEI has received substantial funding from ExxonMobil and that former Exxon CEO Lee Raymond -- a vocal climate change skeptic -- served as AEI's Vice Chair. For decades, Exxon Mobil has held a well-deserved reputation as one of the nation's leading bulwarks against addressing climate change. “While demoting climate-denying Lee Raymond as lead independent director after 19 years is a start, this is just the tip of the melting iceberg of what needs to happen at JPMorgan Chase.” said Richard Brooks, Senior Strategist with 350.org. On his watch Exxon Mobil became the second-biggest company in the world. Right off the bat, Tillerson acknowledged that climate change is a serious issue. Raymond gave the single most audacious speech of the era, telling a World Petroleum Congress audience in 1997, on the eve of the Kyoto climate talks, that the planet was cooling, and that it … Jason Opeña Disterhoft, Senior Climate and Energy Campaigner, Rainforest Action Network: “BlackRock faced two clear tests on JPMorgan Chase, the world’s top banker of fossil fuels, and it failed both. Will this particular example of … JPMorgan’s Lee Raymond Steps Down From Board After 33 Years ... after nonprofit groups and some large investors pushed to remove him due to his track record on climate change. The articles suggest that ExxonMobil observed a dual policy on climate change: Externally, the company, led from 1993 to 2005 by CEO Lee Raymond, … LEE RAYMOND: Proponents of the global warming theory say that higher levels of greenhouse gases are causing world temperatures to rise and that burning fossil fuels is … NEIL CAVUTO, HOST: As … User Clip: Lee Raymond on Climate change 1996. Business Dec 24th 2005 edition. WASHINGTON — Lee Raymond, the former CEO of Exxon Mobil who led a campaign to discredit climate science, has resigned from the board of JPMorgan Chase, the bank said Friday. Climate Activists Fight to Remove Lee Raymond From JPMorgan - Bloomberg Lee R. Raymond holds the top position on JPMorgan’s 11-member board after Jamie Dimon. Exxon Corporation Chairman and Chief Executive Officer Lee Raymond (C) and Vice Chairman Lucio Noto, circa 01 December, 1999. 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