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DC Is the Latest to Sue Exxon and Big Oil for Climate Disinformation Campaigns
DC Is the Latest to Sue Exxon and Big Oil for Climate Disinformation Campaigns Washington, D.C. is suing the four largest investor-owned oil and gas companies — BP, Chevron, ExxonMobil, and Shell — for allegedly misleading consumers about climate change, including historically undermining climate science and even now using deceptive advertising about the companies’ role in leading solutions to the climate crisis. […]
What’s Next For Big Oil?
What’s Next For Big Oil? The global COVID-19 pandemic has had a significant role to play in Big Oil’s shift towards cleaner energy. Three of the world’s biggest oil and gas companies are planning to become net-zero carbon emitters by 2050. Tech will not only help Big Oil become more efficient–it may turn out to […]
Big Oil is using the coronavirus pandemic to push through the Keystone XL pipeline
Big Oil is using the coronavirus pandemic to push through the Keystone XL pipeline The oil industry saw its opening and moved with breathtaking speed to take advantage of this moment I’m going to tell you the single worst story I’ve heard in these past few horrid months, a story that combines naked greed, political […]
Big Oil Needs to Pay for the Damage It Caused
Big Oil Needs to Pay for the Damage It Caused Environmental activists rally for accountability for fossil fuel companies outside of New York Supreme Court on October 22, 2019, in New York City. New York’s attorney general, Letitia James, is taking on ExxonMobil in a landmark case that accuses the oil corporation of misleading investors […]
Toronto Will Explore Suing Big Oil for Climate Costs
Toronto Will Explore Suing Big Oil for Climate Costs Toronto could be the next major city to file a climate liability suit to recoup climate costs from the fossil fuel industry. Photo credit: City of Toronto Toronto became the latest city to explore possible litigation to make fossil fuel companies pay for the costs of […]
Trade Group Targets Shareholders Pressuring Big Oil on Climate Change
Trade Group Targets Shareholders Pressuring Big Oil on Climate Change The National Association of Manufacturers (NAM), a 123-year-old trade group that has worked diligently to defend Big Oil in the burgeoning climate liability battles, has also taken on another opponent to the status quo: investors. In addition to filing briefs in defense of the fossil fuel industry, launching […]
The Race Is On: Big Oil Rushes To Supply The 1 Billion Disconnected
The Race Is On: Big Oil Rushes To Supply The 1 Billion Disconnected Supermajors are taking on more renewable energy commitments lately as they prepare for a less carbon-intensive future. Some of them are going a step further, coupling these green commitments with humanist causes such as providing access to energy to part of the […]
Big Oil Doubles Down On Shale Despite Price Drop
Big Oil Doubles Down On Shale Despite Price Drop It’s the time of the year when oil companies start announcing their budgets for next year and besides a steady albeit guarded optimism, one thing stands out: oil majors are doubling down on their shale endeavors. Chevron, ConocoPhillips, and Hess Corp all announced their capex plans […]
Countries that Blocked ‘Welcoming’ of Major Climate Science Report at UN Talks have Dozens of Delegates with Ties to Oil, Gas, and Mining
Countries that Blocked ‘Welcoming’ of Major Climate Science Report at UN Talks have Dozens of Delegates with Ties to Oil, Gas, and Mining Dozens of delegates from four countries that forced the UN climate negotiations to weaken language around the acceptance of a major climate science report have ties to the oil, gas and mining industries. […]
Is Shale The Future For Big Oil?
Is Shale The Future For Big Oil? If anyone had compared shale oil to Google five years ago, it would have sounded strange. Yet when last week in a report Wood Mackenzie’s chairman and chief analyst Simon Flower did just that, comparing shale oil to the FAANG stocks, he had a good reason to do […]
Big Oil Won’t Spend Despite Fat Profits
Big Oil Won’t Spend Despite Fat Profits Higher oil prices are expected to leave the oil industry flush with cash, but the “capital discipline” mantra remains. Market watchers have wondered whether top oil executives would eschew with tight-fisted spending plans once their pockets fattened up again. “We’re laser focused on disciplined free cash flow generation […]
Big Oil Walking A Tightrope As Prices Rise
Big Oil Walking A Tightrope As Prices Rise Supermajors have had a great year so far, and their third-quarter results, to be released over the next couple of weeks, are likely to strengthen this impression. But this does not necessarily mean that investors will reward them. Investors have become a lot more careful in the […]
Big Oil Cheers Trump’s ‘New NAFTA’ But Mexico Could Complicate Things
Big Oil Cheers Trump’s ‘New NAFTA’ But Mexico Could Complicate Things While the oil and gas industry has lauded the new trade deal that may soon replace the North American Free Trade Agreement (NAFTA), a provision added by Mexico, along with its new president’s plan to ban fracking, could complicate the industry’s rising ambitions there. The new agreement, […]
Oil Companies and Lobbyists Say They’re Ready To Solve Climate Change. Check The Fine Print.
Oil Companies and Lobbyists Say They’re Ready To Solve Climate Change. Check The Fine Print. On Wednesday, former senators Trent Lott (R-MS) and John Breaux (D-LA) announced, with a big public relations blitz, a new campaign, Americans for Carbon Dividends, to address the threat of climate change. The effort is being heralded as a breakthrough by some […]
Big Oil’s Man in Foreign Policy
Big Oil’s Man in Foreign Policy The Koch brothers’ extremist political agenda of empowering multinational corporations to reign as sovereigns has always been inextricably entwined with the profiteering agenda of their wholly-owned, $100-billion-a-year industrial conglomerate. The brothers’ plutocratic view of business-as-government even has a name: Pompeo. As in Mike Pompeo, the Trump regime’s latest secretary […]
