Exxon has also been rewarding its top executives, boosting the annual salary of CEO Darren Woods from $1.70 million to $1.88 million for the coming year.
“It’s an almost comical conflict of interest that Big Oil’s spin doctors are also in charge of communications for the UN climate talks.”
“Such investments will soon be stranded assets, a blot on the landscape, and a blight on investment portfolios.”
Despite claiming to endorse a carbon tax, ExxonMobil has funneled millions of dollars to lawmakers who oppose the idea.
ExxonMobil and Suncor face lawsuits in the western state but big oil’s apologists say the U.S. consumer is to blame for emissions.
A new report finds that the productivity of ExxonMobil’s wells in the Permian basin declined in 2019, raising “troubling questions about the quality” of its assets.
ExxonMobil says a 9 billion barrel oilfield off the low-lying South American nation’s coast could soon outpace Permian production.
Where it’s no longer credible to deny climate change, the fossil fuel giant puts the focus on ‘risk’ and blame on consumers, in echo of tobacco industry PR, researchers find.
“These companies are producing a significant percentage of the carbon that we use, which is destroying our planet, and we want to know what they are doing to transform their companies away from fossil fuel.”
Exxon has a well-established history of misleading the public and investors about the risks of climate change, and is involved in a number of lawsuits from cities and counties over it.