ExxonMobil Chair and CEO Darren Woods counters Levine, saying that Texas "has created a policy and regulatory environment that can allow the company to maximize shareholder value."
Stephen Moore: Unleash Prosperity Hotline –This is a desperate, almost laughable Hail Mary pass by New York's leftist Comptroller, Mark Levine, to keep Exxon from moving its legal domicile from New Jersey to energy-friendly, low-tax Texas.
According to The Center Square, Mark Levine, a climate change warrior, wants Exxon's shareholders "to reject the proposal to move its corporate offices to the Lone Star State" because the move "as well as its retail voting program, are not in the long-term interests of shareholders."
Come again?
Few states snatch away shareholder profits as do New York and New Jersey. We would argue its actually a breach of fiduciary responsibility and "the long-term interests of shareholders" to STAY in the Northeast, where the taxes are higher, the regulatory environment is much thornier, and local and state officials want to sue energy companies for greenhouse gas emissions.
ExxonMobil Chair and CEO Darren Woods counters Levine, saying that Texas "has created a policy and regulatory environment that can allow the company to maximize shareholder value."
Game. Set. Match.
Steve Moore – a former Wall Street Journal Editorial Page writer – is Chief Economist for The Texas Insider and a former Senior Economic Adviser to President Donald Trump. A Senior Fellow at FreedomWorks, with Steve Forbes & Art Laffer he is Co-Founder of the Committee to Unleash Prosperity. Using compelling charts, videos, and maybe even a little humor, Moore and the Committee's free Daily Newsletter provides information not readily available anywhere else – with short, timely inside updates on the economy, D.C. politics, and numerous other issues to help you stay informed and be the smartest person in the room.
