ExxonMobil

Inside Exxon’s Playbook

July 5, 2021 Lawrence Carter, Unearthed Educate! Climate Change, Environment, ExxonMobil

Keith McCoy, a senior director of federal relations at Exxon, told a reporter for Unearthed posing as a head-hunter that that the company had conducted a fingerprints-off lobbying push via several trade groups in an effort to stave off tighter regulations on these controversial chemicals.

Activist Investors Score Surprise Win With ExxonMobil Board Seats

May 31, 2021 Kenny Stancil, Commondreams. Resist! Climate Change, Energy, Environment, ExxonMobil

During Exxon's annual shareholder meeting, an activist hedge fund called Engine No. 1—which "owns only about 0.02%" of the oil company's stock, according to climate reporter Emily Atkin—ran four of its own director candidates in opposition to the fossil fuel corporation's hand-picked board members. At least two of Engine No. 1's candidates won, with the races for additional boardroom seats too close to call as of this writing.

ExxonMobil operation near Chicago, IL, summer of 2014 Credit: Richard Hurd (CC BY 2.0)

New Study Decodes ExxonMobil’s ‘Modern’ Climate Misinformation

May 17, 2021 Sharon Kelly, DeSmog Blog. Educate! climate crisis, Environment, ExxonMobil, Fossil Fuel

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 not only of danger, but also — crucially — of uncertainty: risk. Oreskes and Supran argue in the peer-reviewed study published in the journal One Earth, that by repeating that word over and over as it discusses climate change ExxonMobil continues to connect climate change to uncertainty, even in its most carefully worded and most scrutinized discussions of the topic.

Exxon Market Value Drops $184 Billion Since 2014 Peak

February 11, 2020 Peter Castagno, Citizentruth.org Educate! Divestment, ExxonMobil, Fossil Fuels

ExxonMobil’s stock plunged to a nine-year low on Tuesday after posting poor fourth quarter results, leading the fossil fuel giant to plunge $184 billion since its’ market valuation since its 2014 peak, as per CNN business. Some analysts argue that Exxon’s bad quarter is emblematic of a broader decline in the fossil fuel industry.

Divestment Fever Spreads As ‘Eco Radicals At Goldman Sachs’ Downgrade Exxon Stock To ‘Sell’ Status

February 7, 2020 By Julia Conley, Commondreams.org Educate! Divestment, ExxonMobil, Fossil Fuels, Goldman Sachs

"The best reason to divest fossil fuel stock is that you'd like to help preserve a livable planet. Another reason is so that you won't lose your money." Three days after CNBC host Jim Cramer pronounced fossil fuel investments as being "in the death knell phase," Goldman Sachs on Monday downgraded its stock assessment for ExxonMobil, advising investors to sell their shares of the oil and gas giant.

Judge Sides With ExxonMobil In #ExxonKnew Trial

December 11, 2019 Staff, 350.org Educate! Courts, ExxonMobil

“Despite this ruling, the crucial work to hold the likes of Exxon accountable for climate crimes goes on. This is just the tip of the accountability iceberg. We thank Attorney General Tish James for her diligence in fighting to protect New Yorkers from rogue and reckless polluters. For our communities, this lawsuit was always about so much more than the Martin Act and investor fraud. “Just like Big Tobacco, Exxon knew and lied about the dangers of climate change. Now, seven years after Superstorm Sandy, those of us who have done the least to cause the climate crisis are still paying the costs through our lives and livelihoods.

Did Exxon Mislead Investors About Climate-Related Risks? It’s Now Up To A Judge To Decide.

November 12, 2019 By Nicholas Kusnetz, Insideclimatenews.org Educate! Climate Change, ExxonMobil, Fraud

Lawyers for New York State and ExxonMobil wrapped up a landmark climate fraud trial on Thursday, shaping a tangle of testimony and evidence into competing narratives on whether the oil company misled investors about the risks it faces from climate regulation. Jonathan Zweig, who gave the closing arguments for the New York attorney general's office, described the case as a classic securities fraud trial that happened to be about climate change, which he said "may well be the defining risk for oil and gas companies like ExxonMobil in the coming decades."

Rex Tillerson Testifies At Climate Fraud Trial Against ExxonMobil

November 2, 2019 Nicholas Kusnetz, Insideclimatenews.org Educate! Climate Change, Corruption, Courts, ExxonMobil

Former ExxonMobil chief executive Rex Tillerson took the witness stand Wednesday in the company's climate fraud trial and gave the clearest defense yet for his former employer. Tillerson denied that the oil giant misled investors about the risks it faced from future climate change regulations and described a detailed system he had implemented for managing those risks. But he also repeatedly said he was unable to recall key details and events that are central to the case, omissions that a lawyer for New York's attorney general's office returned to again and again.

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