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Australia Looks To Tackle Its Looming Gas Shortage
Australia Looks To Tackle Its Looming Gas Shortage In a strange about-face for the world’s soon to be top liquified natural gas (LNG) exporter, Australia is now considering importing the fuel. On Monday, ExxonMobil, Australia’s top gas supplier, said it is considering importing the super-cooled fuel to help offset an anticipated gas shortage from 2021 […]
Yes, Exxon Is Accusing Local Governments of Misleading Investors on Climate Change
Yes, Exxon Is Accusing Local Governments of Misleading Investors on Climate Change In January, ExxonMobil filed a legal petition seeking to depose more than a dozen city and county government officials in California, claiming that the municipal officials are defrauding investors by not fully disclosing the risks posed by climate change. You read that right. Exxon is […]
Turkey Threatens Exxon Mobil & The US 6th Fleet Off Cyprus
Turkey Threatens Exxon Mobil & The US 6th Fleet Off Cyprus Turkish Prime Minister Binali Yıldırım threatened not only hydrocarbon survey ships of oil giant Exxon Mobile but also the US 6th Fleet is participating in a naval exercise in the area 7-18 March 2018. As KeepTalkingGreece.com reports, Yildirim said: “The Republic of Cyprus would […]
U.S. Navy Boosts Mediterranean Presence As Exxon Set To Explore Offshore Cyprus
U.S. Navy Boosts Mediterranean Presence As Exxon Set To Explore Offshore Cyprus The U.S. Navy has increased its Mediterranean fleet, just a couple of weeks before Exxon is due to send two surveying vessels to explore offshore Cyprus near the area where Turkey blocked an Eni drilling ship from prospecting in February, Turkish news outlet […]
Exxon To Produce All Of Its Oil Despite Peak Demand Fears
Exxon To Produce All Of Its Oil Despite Peak Demand Fears ExxonMobil was forced to finally acknowledge the possibility that future climate change policy could lead to peak oil demand, a serious threat to the company’s operations over the long-term. In response to a shareholder resolution passed last year, the oil major just released a […]
Oil Giants Are Increasingly Focused On Sustainability
Oil Giants Are Increasingly Focused On Sustainability Pioneer Natural Resources just published its first Sustainability Report, a sign that a growing number of oil companies are feeling the heat from investors over climate change. Environmental groups have mostly targeted the largest oil companies, both because their sheer size means that they have a larger impact […]
Hurricane Irma Could Destroy Oil Demand
Hurricane Irma Could Destroy Oil Demand About half of the shuttered refining capacity along the Gulf Coast could be back up and running by Thursday, assuaging concerns about the possibility of acute gasoline shortages in much of the U.S. The disruptions of more than 4 million barrels per day of refining capacity have been cut […]
Hurricane Harvey, Climate Denial, Fake News and ExxonMobil
Hurricane Harvey, Climate Denial, Fake News and ExxonMobil For well over twenty years, climate deniers have tried to stymie discussion of extreme weather events and climate change. Why? Because extreme weather kills people, destroys property, trashes things and costs billions of dollars. And that’s when people start searching for accountability blame. Hurricane Harvey’s damage is […]
Oil Industry To Waste Trillions As Peak Demand Looms
Oil Industry To Waste Trillions As Peak Demand Looms ExxonMobil and its peers risk blowing $2.3 trillion on oil projects that will not be needed if the world hits peak demand in the next decade. A new report from The Carbon Tracker Initiative analyzed what would happen if the oil market saw demand peak by […]
Are Fossil Fuel Companies Telling Investors Enough About the Risks of Climate Change?
Are Fossil Fuel Companies Telling Investors Enough About the Risks of Climate Change? Prior to President Donald Trump taking office, there was a push to require oil and gas companies to inform their investors about the risks of climate change. As governments step up efforts to regulate carbon emissions, the thinking goes, fossil fuel companies’ assets could depreciate in […]
Major Investors Pressure ExxonMobil to Consider Climate Impacts
Major Investors Pressure ExxonMobil to Consider Climate Impacts “For the first time, in my memory, we are actually seeing oil and gas majors talk about climate change as an existential threat. Today for example the minister for oil and gas for Saudi Arabia, Ali Al-Naimi, actually got up on stage in front of this entire group and […]
ExxonMobil, Peabody Coal Lobbying for Bill Preventing Climate Change Accounting in US Trade Deals
ExxonMobil, Peabody Coal Lobbying for Bill Preventing Climate Change Accounting in US Trade Deals The day before global leaders and diplomats passed a climate change deal in Paris at the United Nations climate summit, the U.S. House of Representatives — in a 256-158 vote — authorized the final text of a bill that has a provision preventing climate change to […]
Exxon Targets Journalists Who Exposed Massive Climate Cover Up
Exxon Targets Journalists Who Exposed Massive Climate Cover Up ‘We’ve often wondered if Exxon actually hates our children because they so consistently stand in the way of safeguarding their future,’ campaigner said, ‘it turns out they apparently hate good journalism as well.’ U.S. Senator and White House hopeful Bernie Sanders on Tuesday slammed Exxon on […]
New Study Exposes True Extent, Influence Of Climate Denial Echo Chamber For First Time
New Study Exposes True Extent, Influence Of Climate Denial Echo Chamber For First Time Thanks to a recent poll from ABC News and the Washington Post, we know that nearly two-thirds of American adults think global warming is “a serious problem facing the country.” And now, thanks to a study published in the journal Nature Climate Change (full study available at this […]
