Upload
institute-for-policy-studies
View
427
Download
0
Embed Size (px)
Citation preview
Over the past five years, a new Institute for Policy Studies report details, top-ranking executives at America’s 30 largest oil, gas, and coal companies have together collected $5.97 billion in personal compensation.
Number of fossil fuel execs who shared in the $5.97-billion 2010-2014 pay bonanza
Pay incentives in the fossil fuel industry encourage environmentally
reckless behavior. Instead of investing big-time in renewables,
fossil fuel executives have their companies spending billions “buying
back” their stock, a maneuver designed to jack up share prices —
and inflate the share price-based pay that goes to top fossil fuel execs.
Our Lavishly Rewarded Fossil Fools
ccc Sources: Institute for Policy Studies, Money to Burn: How CEO Pay Is Accelerating Climate Change, September 2015. Shutterstock..
Fossil fuel company buyback
spending, 2014
163Number of homes that $5.97 billion could weatherize3,321,881
$38.5 billion
Global 2014 private sector spending on renewable
energy R&D
$6.6 b
One of America’s top 30 fossil fuel giants, ConocoPhillips, currently ranks as the world’s biggest generator of pollution from methane, a greenhouse gas with 86 times the global warming potential of carbon dioxide.ConocoPhillips CEO Ryan Lance 2014 compensation:
$27 million
The Earth may have a shaky future. But
fossil fuel CEOs have arranged their own futures quite nicely.
The top 30 fossil fuel CEOs are currently
sitting on retirement accounts worth over
$500 million.
Value of ExxonMobil CEO Rex Tillerson’s retirement account:
$68 millionMedian retirement savings, U.S. households headed by 55-to-64-year-old
$103,200