What could dwarf Chevron’s biggest-ever profits of $35.5 billion in 2022 — besides the mounting costs of climate-fueled disasters, of course? You guessed it: ExxonMobil’s 2022 profits. Exxon cleared a net profit of $56 billion in 2022, besting its previous record of $45.22 billion in 2008 by more than 23%, making it the most profitable year for […]
On Tuesday, a federal appeals court denied ExxonMobil’s attempt to stop the attorneys general of New York and Massachusetts from investigating whether the company lied about its knowledge of climate change. The decision was handed down by the 2nd U.S. Circuit Court of Appeals in Manhattan, which said Exxon couldn’t sue Massachusetts’ Attorney General Maura […]
The bipartisan legislation currently under Senate consideration falls far short of President Biden’s commitment to transforming the fossil-fueled underpinnings of the U.S. economy, the AP reports. The deal includes hundreds of billions in total to support climate resilience, electric grid updates, and harden infrastructure against cyberattacks and climate change — as well as more than […]
The U.S. Environmental Protection Agency (EPA) approved dangerous chemicals that break down into PFAS for use in fracking in 2011, according to records obtained by Physicians for Social Responsibility and reported by The New York Times. Despite EPA scientists having identified preliminary evidence the carcinogenic, and birth-defect-linked substances could degrade into those “forever chemicals” and […]
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 […]
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 […]
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 […]
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 […]
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 […]
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