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The Bulletin: August 30-September 5, 2024
The Bulletin, August 30-September 5 MM #18: What Can I Do? | Do the Math Japan Declares State of Emergency After ‘Nanobots’ Found in 96 Million Citizens – Global Research Will science and technology save us? – by Gunnar Rundgren “A NATO invasion of nuclear Russia is currently underway, and the world is unaware that […]
Exxon Threatens to Take Billions of Dollars in Climate Investment Out of the EU
Exxon Threatens to Take Billions of Dollars in Climate Investment Out of the EU Exxon has warned the European Union that it will leave and take billions of dollars in climate investment with it unless Brussels makes it easier to spend those billions on transition-related projects. The Financial Times cited the company today as saying that there […]
Exxon Becomes King Of Shale With Blockbuster $60 Billion Purchase Of Pioneer
Exxon Becomes King Of Shale With Blockbuster $60 Billion Purchase Of Pioneer Exxon Mobil Corp. is buying Pioneer Natural Resources in an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil’s closing stock price on Oct. 5. The supermajor’s largest takeover in more than two decades will make it a dominant producer of […]
Exxon CEO Warns Overemphasis On Renewables Could Backfire
Exxon CEO Warns Overemphasis On Renewables Could Backfire Exxon Mobil Corp. (NYSE:XOM) CEO Darren Woods has urged companies to stop focusing on certain energy sources, such as renewable energy, to save the climate, warning that it would be a “huge mistake to be picking winners and losers and focusing on specific technologies”. Instead, “we need to look more […]
“Major Industrial Accident” Reported At Exxon Refinery In Texas
“Major Industrial Accident” Reported At Exxon Refinery In Texas Gasoline futures rose more than a percent early Thursday morning after an explosion was reported at an Exxon/Mobile refinery in Baytown, Texas. The Harris County Sheriff’s Office tweeted, “deputies are on the scene of a major industrial accident at 3525 Decker Dr. in Baytown. The Exxon/Mobile […]
Exxon (XOM) Finds No Oil at Bulletwood-1 Well in Offshore Guyana
Exxon (XOM) Finds No Oil at Bulletwood-1 Well in Offshore Guyana ExxonMobil Corporation XOM and partners drilled a dry well at the Bulletwood-1 offshore well in the Canje Block, positioned 180 kilometers off the coast of Guyana. The company mentioned that it failed to discover commercial quantities of oil at the Bulletwood-1 well, which is the […]
Exxon Dumps Tar Sands/Oil Sands Holdings, Slashes Estimate of Recoverable Reserve
EXXON DUMPS TAR SANDS/OIL SANDS HOLDINGS, SLASHES ESTIMATE OF RECOVERABLE RESERVES Greenpeace / Jiri Rezac Colossal fossil ExxonMobil has dropped virtually all its tar sands/oil sands holdings from its list of recoverable assets, and its Canadian subsidiary Imperial Oil followed suit by cutting a billion barrels of bitumen from its inventory, in what Bloomberg News […]
Analysis: How Exxon Is Being Forced To Accept The Reality Of Bad Fossil Fuel Investments
Analysis: How Exxon Is Being Forced To Accept The Reality Of Bad Fossil Fuel Investments Last August, ExxonMobil warned that it may need to remove 20 percent of its oil and gas proved reserves from its books. While that was a shocking number from the oil major, reality proved to be even more of a shock […]
Exclusive: Whistleblower Accuses Exxon of ‘Fraudulent’ Behavior for Overvaluing Fracking Assets For Years
Exclusive: Whistleblower Accuses Exxon of ‘Fraudulent’ Behavior for Overvaluing Fracking Assets For Years ExxonMobil announced a $19.3 billion write-down on Tuesday, a big hit to a company reeling from depressed oil and gas prices and a rapidly changing global energy market. The write-down reduces the value of the assets on Exxon’s books. The announcement comes as part […]
Leaked Document Reveals Exxon’s Plan To Increase Emissions As Energy Space Prepares For Decarbonization
Leaked Document Reveals Exxon’s Plan To Increase Emissions As Energy Space Prepares For Decarbonization As oil majors prioritize their own decarbonization goals, an internal document viewed by Bloomberg reveals Exxon Mobil Corp. is planning to increase annual carbon-dioxide emissions output by as much as a small country like Greece. Exxon is one of the biggest corporate emitters of greenhouse gasses […]
The Criminology of Global Warming
The Criminology of Global Warming Pulp mill, Longview, Washington. Photo: Jeffrey St. Clair. Some – like Exxon since 1957 – have been aware that the world is facing global warming that has all the signs to render earth uninhabitable. At least with United Nations’ IPPC and NASA reporting on global warming, others have realised that we also face an unprecedented threat. Potentially, all […]
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. […]
BIG TROUBLE FOR THE BIG THREE U.S. OIL COMPANIES: Financial Disaster In Its Domestic Oil & Gas Sector
BIG TROUBLE FOR THE BIG THREE U.S. OIL COMPANIES: Financial Disaster In Its Domestic Oil & Gas Sector There’s no better way to describe what is taking place in the U.S. Big three Oil Companies domestic oil and gas sector than a complete and utter financial disaster. Honestly, I am not exaggerating. The only place […]
THE END OF A U.S. OIL GIANT: ExxonMobil’s Days Are Numbered
THE END OF A U.S. OIL GIANT: ExxonMobil’s Days Are Numbered ExxonMobil, the largest oil company in the U.S. and a direct descendant of John D. Rockefeller’s Standard Oil, days are numbered. The once-great profitable oil giant is now borrowing money just to pay dividends. How long can this charade go on? Good question. Now, […]
Exxon Crushed By Pandemic, Reports First Quarterly Loss In 32 Years
Exxon Crushed By Pandemic, Reports First Quarterly Loss In 32 Years Exxon Mobil Corp. has reported its first quarterly loss in 32 years amid oversupply conditions, a crashed economy, and a pandemic that continues to destroy petroleum demand. The company reported a $610 million loss for the quarter ending March 31. That is equivalent to about a 14c loss […]
