exxonmobil

Biden Threatens Windfall Tax for Fossil Fuel ‘War Profiteers’

Biden Threatens Windfall Tax for Fossil Fuel ‘War Profiteers’

President Joe Biden threatened major oil companies with a windfall tax after they announced massive profits following a surge in energy prices prompted by Russia’s invasion of Ukraine.  ExxonMobil, for example, announced October 28 that it had earned $19.7 billion in profits during the third quarter of 2022. That’s more than the fossil fuel company […]

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    ‘Bombshell’ Secret Footage of ExxonMobil Lobbyists Sparks Calls for Climate Accountability​

    ‘Bombshell’ Secret Footage of ExxonMobil Lobbyists Sparks Calls for Climate Accountability​

    By Jessica Corbett While ExxonMobil’s decades of sowing public doubt about climate science and the impact of fossil fuels have provoked various lawsuits, secretly recorded videos released Wednesday expose how the company continues to fight against U.S. efforts to tackle the climate emergency. Published by Unearthed, Greenpeace UK’s investigative journalism arm, and the British Channel […]

    New Study Decodes ExxonMobil’s ‘Modern’ Climate Misinformation

    New Study Decodes ExxonMobil’s ‘Modern’ Climate Misinformation

    By Sharon Kelly What’s the single word that fossil fuel giant ExxonMobil’s flagship environmental reports to investors and the public tie most closely to climate change and global warming? According to newly published research from Harvard science historian Naomi Oreskes and Harvard research associate Geoffrey Supran, it’s a simple four-letter word, one that carries overtones […]

    Former Exxon CEO Lee Raymond Quits JPMorgan Board

    Former Exxon CEO Lee Raymond Quits JPMorgan Board

    Lee Raymond, former ExxonMobil CEO, will resign from the JPMorgan board of directors at the end of the year. Raymond was elected earlier this year to continue serving as the board’s independent director through May 2021, a role he has held for the past seven years on a board on which he sat for one-third […]

    ExxonMobil Lambasted Over ‘Grossly Insufficient’ Emissions Reduction Plan

    ExxonMobil Lambasted Over ‘Grossly Insufficient’ Emissions Reduction Plan

    By Andrea Germanos ExxonMobil’s Monday announcement of new targets for addressing greenhouse gas emissions was met with derision by climate advocates who called the plan “too little, too late.” The targets cover the next five years, include “input from shareholders,” and — according to the fossil fuel company — are in line with the goals […]

    Exxon Plans to Increase Its Climate Pollution

    Exxon Plans to Increase Its Climate Pollution

    ExxonMobil plans to increase its annual carbon-dioxide pollution by more than 20 million tons per year over the next five years, Bloomberg reports. The increases, which come from the company’s own analysis of its direct emissions, are equivalent to 17% of its current carbon pollution — about the yearly emissions of the country of Greece […]