After pressure from its investors, ExxonMobil has promised to achieve net zero emissions for its operations by 2050. The pledge includes emissions from the company’s oil, gas and chemical production and the energy used to power these operations, Reuters reported.
The case New York State has brought against ExxonMobil for defrauding investors about the the true cost of the climate crisis is in its second week and is seeing a star witness take the stand Wednesday. Rex Tillerson, the company’s former CEO and Trump‘s first secretary of state, will testify about his role in pricing […]
The country’s largest fossil fuel company goes on trial today to face charges that it lied to investors about the safety of its assets in the face of the climate crisis and potential legislation to fight it, as the AP reported. The lawsuit against ExxonMobil, the country’s second largest emitter of greenhouse gasses after Chevron, […]
An international group of scientists released a report today detailing how the fossil fuel industry actively campaigned to sow doubt about the climate crisis and what steps need to be taken to undo the damage, as the Los Angeles Times reported. The report may be particularly damaging for oil and gas giant ExxonMobil, which will […]
A Danish pension fund has said it would sell its stake in major oil companies as their business models are incompatible with the goals set out in the Paris climate agreement. MP Pension, a $20 billion pension for Danish M.A’s, M.Sc.’s and Ph.D’s who are employed in public sector universities and upper secondary schools, said […]
By Jessica Corbett New York state prosecutors last week accused ExxonMobil of trying to discourage witnesses from testifying against the company in a climate fraud case, leading the head of the environmental group 350.org to declare Thursday that “we won’t be intimidated.” In a statement, May Boeve, the avocacy group’s executive director, also charged that […]
By Andy Rowell Earlier this month, we collectively walked into the unknown. We are all now a living experiment. Never before in human history have carbon dioxide levels reached 415 parts per million. These levels were last seen maybe some 2.5 to 5 million years ago, during the Pliocene, but then the earth was much […]
Massachusetts’ Democratic Attorney General Maura Healey declared “victory” on Monday after the U.S. Supreme Court rejected ExxonMobil’s attempt to derail her office’s probe into whether the fossil fuel giant misled investors and the public about its knowledge of climate change. The justices declined to hear Exxon’s appeal of an April ruling by Massachusetts’ highest court, […]
The world’s largest oil company is being pressured by major shareholders to take action on climate change. Institutional investors with an estimated $1.9 trillion under management, led by the New York State Common Retirement Fund (NYSCRF) and the Church Commissioners of England (CCE), filed a shareholder resolution calling on ExxonMobil to set targets for lowering […]
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