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Over the past five years, a new Institute for Policy Studies report details, top-ranking executives at America’s 30 larges...
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Our Lavishly Rewarded Fossil Fools

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Over the past five years, top-ranking executives at America’s 30 largest oil, gas, and coal companies have together collected $5.97 billion in personal compensation. These enormous fossil fuel industry payouts are accelerating environmental degradation.

This infograph appears in the October issue of Too Much, the Institute for Policy Studies monthly on excess and inequality. To read the full issue: http://toomuchonline.org/editions_2015/oct2015.html To subscribe: http://toomuchonline.org/subscribe/

Published in: Business
License: CC Attribution-NonCommercial-ShareAlike License
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Our Lavishly Rewarded Fossil Fools

  1. 1. 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 163 Number 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 million Median retirement savings, U.S. households headed by 55-to-64-year-old $103,200

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