Exxon Mobil

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19 08 2020 | 06:41

ExxonMobil warns of possible 20% writedown in oil and gas assets.

Exxon Mobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books. If depressed prices persist for the rest of the year, “certain…

22 07 2020 | 08:28

World's largest oil firm agrees to carbon cuts to tackle climate crisis.

Saudi Aramco joins Oil and Gas Climate Initiative pledge but critics say targets are insufficient. The world’s biggest oil company, Saudi Aramco, has joined an alliance of oil companies to set the…

04 07 2020 | 10:36

Petrol sold to Nigeria from Europe 'dirtier' than black market 'bush' fuel.

Samples from illegal refineries in Niger delta found to be of a higher quality than imported petrol in new analysis. Black market fuel made from stolen oil in rudimentary “bush” refineries hidden…

16 06 2020 | 09:13

Research Finds Hacking Operation Targeted Climate Action Groups.

The Canadian digital watchdog group Citizen Lab reported Tuesday that a hack-for-hire group targeted thousands of organizations around the world, including climate advocacy groups involved in the #…

16 06 2020 | 07:02

Investors Want Companies to Disclose Environmental Risk.

There's a growing push from large investors in publicly traded companies to hold the companies accountable for the environmental impact of their practices. In the latest salvo, global companies worth…

16 06 2020 | 07:01

Hack-for-hire group targeted climate activists behind #ExxonKnew campaign.

The hackers, dubbed ‘Dark Basin’, went after thousands of individuals and hundreds of institutions, a report finds. A global hack-for-hire group extensively targeted American activists campaigning…

12 06 2020 | 19:47

The Fight to Keep the Mediterranean Free of Oil Drilling.

Activists are winning important fights against hydrocarbon exploration in the Mediterranean—but so much is still at stake. In the Eastern Mediterranean, the seabed drops to depths of more than 17,…

05 06 2020 | 09:24

The Other Fossils in the Boardroom.

The sustainable revolution hasn’t reached the top levels of the biggest U.S. and European banks. The world’s largest banks have issued billions in loans to sustainable businesses and taken some…

02 06 2020 | 08:16

Exxon Mobil declines to set long-term climate goal, bucking oil industry trend.

ExxonMobil dismissed the idea of setting a date by which it will sharply reduce its contributions to climate change — bucking a recent trend among major oil companies. Darren Woods, the company’s…

11 05 2020 | 07:08

Oil Giants Haven’t Completely Forgotten About Climate Amid Crash.

Exxon Mobil Corp. and Chevron Corp. may be feeling the fallout of a historic oil-price crash amid the Covid-19 pandemic, but they haven’t completely forgotten to give a nod to concerns about climate…

08 05 2020 | 08:06

Under Pressure, JP Morgan Chase Demotes Former Exxon CEO Lee Raymond from Board Leadership Role .

New York, NY — Bowing to pressure from climate and shareholder activists, JP Morgan Chase will be demoting former Exxon CEO Lee Raymond from his Lead Independent Director position on the bank’s board…

02 05 2020 | 08:40

Church fund urges other ExxonMobil investors to sack board over climate.

Church Commissioners writes to fellow shareholders ahead of protest vote at oil giant’s AGM The Church of England’s investment arm has urged shareholders in ExxonMobil to vote against re-electing…

02 05 2020 | 08:18

After 146 years, Rockefeller family is exiting the oil business.

Heirs to the oil fortune created by John D. Rockefeller, who founded Standard Oil in 1870, are exiting the family business. The Rockefeller Family Fund, a charity that supports causes related to the…

24 01 2020 | 12:59

Imperial Oil ignored its own findings on climate change decades ago.

It's disturbing and infuriating. Major fossil fuel companies are alleged to have known about the science of climate change for decades. One of them–Imperial Oil, the Canadian subsidiary of ExxonMobil…

08 01 2020 | 14:28

Fossil fuel political giving outdistances renewables 13 to one.

During the latest midterm election cycle, the fossil fuel industry paid at least $359 million for federal campaign donations and lobbying. Corporations, special interest groups, and individuals…

12 12 2019 | 09:07

Major fossil fuels corporations pronounced accountable in Philippines for human rights violations and climate change.

350.org responds to announcement that ExxonMobil, Shell, BP, Chevron and 43 others can be held legally accountable in the Philippines for violating human rights and causing climate change.

26 11 2019 | 09:35

Coal Knew, Too

A newly unearthed journal from 1966 shows the coal industry, like the oil industry, was long aware of the threat of climate change. “Exxon knew.” Thanks to the work of activists and journalists,…

25 11 2019 | 13:42

Government Loophole Gave Oil Companies $18 Billion Windfall.

The United States government has lost billions of dollars of oil and gas revenue to fossil-fuel companies because of a loophole in a decades-old law, a federal watchdog agency said Thursday, offering…

18 11 2019 | 16:53

Big Oil Shareholders Look To Cash In On Renewable Boom.

Big Oil’s shift to renewables will result in a veritable windfall for their shareholders, Norway’s energy consultancy Rystad has said, as quoted by Bloomberg. The reason is easier access to debt…

16 11 2019 | 14:50

Warren’s New Plan Would Punish Exxon for Lying to Regulators.

Yesterday, presidential candidate Senator Elizabeth Warren released a plan (!) calling for companies who have misled federal regulators to be prosecuted under a new corporate perjury law. She also…