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ExxonMobil refinery in Baton Rouge, Louisiana. WClarke / CC BY-SA 4.0

Major Investors Pressure Exxon to Set CO2 Reduction Targets

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 its greenhouse gas emissions, covering emissions from both its operations and the use of its products.

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Renewable Energy
Max Pixel

Koch Industries Lobbies Against Electric Vehicle Tax Credit

By Dana Drugmand

Koch Industries is calling for the elimination of tax credits for electric vehicles (EVs), all while claiming that it does not oppose plug-in cars and inviting the elimination of oil and gas subsidies that the petroleum conglomerate and its industry peers receive.

Outgoing Nevada Republican Senator Dean Heller introduced a bill in September that would lift the sales cap on electric vehicles eligible for a federal tax credit, and replace the cap with a deadline that would dictate when the credit would start being phased out.

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Climate
Smoke billows from one of many petrochemical plants in Louisiana's "Cancer Alley" on Oct. 12, 2013. Giles Clarke / Getty Images

Why Plans to Turn America’s Rust Belt Into a New Plastics Belt Are Bad News for the Climate

By Sharon Kelly

The petrochemical industry anticipates spending a total of over $200 billion on factories, pipelines, and other infrastructure in the U.S. that will rely on shale gas, the American Chemistry Council announced in September. Construction is already underway at many sites.

This building spree would dramatically expand the Gulf Coast's petrochemical corridor (known locally as "Cancer Alley")—and establish a new plastics and petrochemical belt across states like Ohio, Pennsylvania and West Virginia.

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Energy
350 .org / Flickr / CC BY-NC-SA 2.0

New York Sues Exxon for Deceiving Investors on Climate Change

New York Attorney General Barbara Underwood filed a lawsuit against Exxon Mobil on Wednesday alleging the company defrauded shareholders and downplayed the risk of climate change to its business.

The suit, first reported by the New York Times, is the culmination of a years-long investigation—colloquially known as the #ExxonKnew probe—into the energy giant's business practices and whether it lied to investors and the public about the risks of climate change.

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Science
Brenda Ekwurzel

Yes, ExxonMobil and Chevron Are Still Distorting Climate Science

By Brenda Ekwurzel

If you look at headlines from the last year, ExxonMobil, Chevron and other major fossil fuel companies have seemingly turned a new page on climate change. Recently, ExxonMobil received major kudos for giving $1 million to Americans for Carbon Dividends, a lobbying offshoot of the industry-backed Climate Leadership Council. Shortly before that, ExxonMobil, Chevron and Occidental Petroleum got good press for each pledging $100 million to the Oil and Gas Climate Initiative, which amounts to less than one percent of their capital and exploration budget for 2018 (ExxonMobil's is $28 billion while Chevron's is $15.8 billion). Companies have also touted their support for the Paris climate agreement as well as their research and investments in renewables.

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Insights/Opinion
A healthy vegan snack board of fruit, vegetables, dips, nuts and olives. Enrique Díaz / 7cero / Getty Images

Changing the Main Course of Climate Change

By Chloë Waterman

As the Trump administration's dangerous deregulatory agenda leads us closer to climate catastrophe, cities, counties and businesses are stepping up to address the crisis. Last month, Gov. Jerry Brown and former New York City Mayor Michael Bloomberg released their "Fulfilling America's Pledge" plan, laying out the top climate strategies for subnational governments and businesses, at the Global Climate Action Summit.

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Science
Brian Harkin / Getty Images

Why Is ExxonMobil Still Funding Climate Science Denier Groups?

By Elliott Negin

A decade after pledging to end its support for climate science deniers, ExxonMobil gave $1.5 million last year to 11 think tanks and lobby groups that reject established climate science and openly oppose the oil and gas giant's professed climate policy preferences, according to the company's annual charitable giving report released this week.

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The Portland Head Lighthouse in South Portland, Maine. traveler1116 / Getty Images

South Portland, Maine Wins Critical Fight vs. Big Oil

The city of South Portland, Maine has won an important victory in a three-year legal battle to stop a pipeline company from offloading tar sands crude oil on its waterfront, after a judge ruled Friday that the city's ordinance against the activity was constitutional, The Portland Press Herald reported.

Portland Pipe Line Corp. had wanted to reverse the flow of its pipeline from South Portland to Montreal as demand for foreign crude fell and Canadian tar sands production took off, but the city council blocked that move with a "Clear Skies" ordinance in 2014.

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Climate
The Ferguson Fire burns in the Sierra National Forest and Yosemite National Park on Aug. 10. Pacific Southwest Region 5 / CC BY 2.0

America Burns From Climate Change While Trump Officials Attend Climate Denial Conference

By Andy Rowell

The disconnect could not be greater. As wildfires raged across the U.S. last week, inflamed by climate change, Trump officials attended the America First Energy Conference, where delegates heard age-old fossil fuel arguments that, amongst others, carbon dioxide makes the planet greener and could not be creating a climate crisis.

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