"We may add that focus on maximizing profits is also not always consistent with the hope for the survival of humanity, to borrow the phrase of a leaked memo from JP Morgan Chase, the U.S.’s largest bank, warning that "the survival of humanity" is at risk on our current course, including the bank's own investments in fossil fuels. Thus, Chevron canceled a profitable sustainable energy project because there’s more profit to be made in destroying life on Earth. ExxonMobil refrained from doing so, because it had never opened such a project in the first place, having made more rational calculations of profitability. And rightly so, according to neoliberal doctrine. As Milton Friedman and other neoliberal luminaries have instructed us, the task of corporate managers is to maximize profits. Any deviation from this moral obligation would shatter the foundations of "civilized life." There will be no recovery from the melting of the polar ice sheets and the other devastating consequences of global warming. Here, too, the catastrophe results from a market failure — in this case, of truly earth-shaking proportions."