Posts Tagged ‘ExxonMobil’
California Pensions Fail to Engage: A review of CalPERS’ and CalSTRS’ votes against shareholder climate resolutions
Read the full report. As the impacts of climate change begin to wreak havoc on our bisophere, the fossil fuel divestment movement has gained remarkable momentum. Globally, 1,500 institutions representing over $40 trillion in assets have already committed to some level of divestment from the fossil fuel industry.1 Despite over a decade of pressure from…
Read moreUnder Financial Pressure, Exxon Keeps it in the Ground
First it was shale; now it’s oil sands. Battered by the pandemic-inspired drop in demand and (until recently) bargain-basement oil prices, Exxon Mobil has been forced to offset its mounting losses by writing down assets in natural gas and oil sands, laying off workers, and reducing capital spending.
Read moreBig Oil takes a Back Seat at JP Morgan Chase
After 33 years (19 as Lead Independent Director) Lee Raymond’s tenure on the Board of JP Morgan Chase has been seriously challenged. A group of shareholder activists and environmentalists in the Stop the Money Pipeline coalition mounted a strong campaign to remove Lee Raymond from Chase’s Board by calling for votes against his re-election at…
Read moreThe Empire Strikes Back
Climate activists celebrate last year’s groundswell in lawsuits against oil and gas corporations and some companies that construct pipelines. As of early 2018, some oil majors are fighting back in court, and not just as defendants. In several new cases, oil and gas majors are using “creative lawyering” to attack the same groups who brought them to court in the first place.
Read moreKeep an Eye on These California Lawsuits
Two California counties and one city are suing 37 oil majors for climate-related damages.
Read moreTrump Stinks of Big Oil
All of Trump’s most damaging policies link back up to his ties to Big Oil. This is what it’s like to have a president who’s a puppet of fossil fuels.
Read moreRex Tillerson must not be confirmed — #ExxonKnew
Rex Tillerson is an ExxonMobil oilman. For years, he has questioned the reality of climate change. Now, as Trump’s nominee for secretary of state, he refuses to admit his complicity in the corporation’s disinformation campaign. Call your senators today to stop his confirmation.
Read moreWho needs divestment when we have "value destruction"?
This post is mostly about corporate communications.It’s also about the state of the oil industry in the U.S. I find a few things in common with Exxon’s infamous policy of suppressing climate science. A study released by Deloitte, the industry analyst, this week predicts that a third of oil extraction and production oil companies in the U.S. may face bankruptcy…
Read moreDivest ExxonMobil first! (Why wait???)
Here’s Bill McKibben protesting at a local gas station in Vermont — calling attention to the growing scandal around Exxon Mobil. Recent reporting reveals that climate studies commissioned by ExxonMobil in the early 1980s could have changed the course of human events — if Exxon hadn’t used them for internal profit-related purposes while publicly continuing…
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