Fossil fuel companies got billions in tax breaks and laid off more than 58,000 workers last year, a report from BailoutWatch found. Provisions in the CARES Act passed last March, gave 77 fossil fuel companies .2 billion in tax breaks, and their laid off workers a ,200 stimulus check. Using SEC data, the report shows […]
By Julia Conley Rep. Alexandria Ocasio-Cortez on Monday denounced the “audacity” of oil giant Shell after it waded into the global discussion about the climate crisis by asking members of the public what they would do to reduce carbon emissions. “I’m willing to hold you accountable for lying about climate change for 30 years when […]
Exxon Mobil will lay off an estimated 14,000 workers, about 15% of its global workforce, including 1,900 workers in the U.S., the company announced Thursday. Analysts said the layoffs are part of an effort by the beleaguered company to maintain its stock dividend despite sharply reduced demand during the coronavirus pandemic. While other oil majors […]
By Jessica Corbett “Another cog in the climate denial machine rattles loose.” So said Harvard University climate denial researcher Geoffrey Supran in response to a groundbreaking investigative report published Monday by E&E News revealing that scientists at auto giants General Motors and Ford Motor Co. “knew as early as the 1960s that car emissions caused […]
By Jake Johnson Democratic presidential nominee Joe Biden on Wednesday vowed to bar from his transition team any “leaders” of fossil fuel companies, a pledge environmentalists cautiously applauded while urging the former vice president to go further by committing to banning all Big Oil lobbyists and executives from both his transition team and cabinet. “Rejecting […]
The city of Charleston, South Carolina made history Wednesday when it became the first in the U.S. South to sue the fossil fuel industry for damages caused by the climate crisis. The city sued 24 oil and pipeline companies, including major players like ExxonMobil, Chevron, BP and Royal Dutch Shell, The Post and Courier reported. […]
By Kenny Stancil The city of Hoboken on Wednesday filed a lawsuit against multiple Big Oil players—including ExxonMobil, incorporated in New Jersey—joining an increasing number of state and local governments using litigation in efforts to hold the fossil fuel industry accountable for defrauding the public about foreseen climate crisis damages and to make companies “pay […]
By Jake Johnson A diverse coalition of nearly 150 progressive advocacy groups is demanding that Democratic presidential nominee Joe Biden ban fossil fuel executives and lobbyists from his 2020 campaign and commit to barring them from his administration if elected in November, warning that a cabinet stocked with Big Oil representatives would render empty the […]
BP, the energy giant that grew from oil and gas production, is taking its business in a new direction, announcing Tuesday that it will slash its oil and gas production by 40 percent and increase its annual investment in low-carbon technology to $5 billion, a ten-fold increase over its current level, according to CNN. Despite […]
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