BP, Shell, Exxon, and Chevron are boosting fossil fuel investments after disappointing returns on green energy ventures…
Exxon Threatens to Take Billions of Dollars in Climate Investment Out of the EU…
Exxon has warned the European Union that it will leave and take billions of dollars in climate investment with it unless Brussels makes it easier to spend those billions on transition-related projects…
‘ESG Is the Devil:’ Elon Musk Lashes Out at Woke Ratings After ExxonMobil, Philip Morris Outrank Tesla…
Elon Musk, the CEO of Tesla, has lashed out at the Environmental, Social, and Governance (ESG) ratings system after his electric vehicle company received a lower score than both Philip Morris and ExxonMobil…
Exxon Posts Record $56 Billion in Profits — But Keeps Gouging Consumers…
ExxonMobil on Tuesday joined other U.S. oil companies in reporting record 2022 earnings amid rising gas prices, sparking renewed calls by consumer and climate advocates for a Big Oil windfall profits tax…
Joe Biden Read This: All You Need to Know About the U.S. Refining Industry…
President Joe Biden has written to major oil companies to complain about the high refining margins for gasoline and diesel and demanded an explanation for refinery closures since 2020. The president’s letter, dated June 14, should be seen mostly as a political exercise to deflect responsibility for high fuel prices and accelerating inflation (“Biden warns big oil over gasoline output”, Axios, June 15)….
Exxon Mobil Slams Biden in Fiery Letter…
”We kept investing even during the pandemic, when we lost more than $20 billion and had to borrow more than $30 billion to maintain investment to increase capacity to be ready for post-pandemic demand.”…
Exxon’s Big Court in Exposes Major Malpractice in the New York Attorney General’s Office…
Exxon’s win Tuesday against New York state’s climate-change lawsuit couldn’t have been more complete: Not only did the judge find the Attorney General’s Office failed to prove fraud, he also blasted the case as “hyperbolic” — and praised Exxon. State Supreme Court Judge Barry Ostrager said the state’s lawyers failed to show the company ever […]
Exxon Mobil Prevails in New York Climate Change Suit…
A judge on Tuesday ruled in favor of Exxon Mobil Corp in a lawsuit brought by New York state accusing the oil company of hiding from investors the true cost of addressing climate change. Justice Barry Ostrager in Manhattan Supreme Court ruled that the state attorney general failed to produce any evidence that investors were […]
They Worked in Sweltering Heat for Exxon, Shell and Walmart. They Didn’t Get Paid a Dime…
A nationally renowned drug rehab program in Texas and Louisiana has sent patients struggling with addiction to work for free for some of the biggest companies in America, likely in violation of federal labor law. The Cenikor Foundation has dispatched tens of thousands of patients to work without pay at more than 300 for-profit companies […]
Bay Area Sues Big Oil For Billions…
The cities of San Francisco and Oakland have filed lawsuits against Chevron, Exxon, ConocoPhillips, BP, and Shell for the effect of their activities on climate change: higher sea levels. The cities seek billions in damages to counteract the effects of the changing climate. Reuters quoted San Francisco officials…