Tag Archives: ExxonMobil

Bye Bye, Big Oil? BP Admits Demand May Have Already Peaked, Predicts Growth of Renewable Energy

Welcoming news that oil demand may never recover to pre-pandemic levels, Greenpeace noted that “a #GreenRecovery will hasten its demise.”

By Jessica Corbett, staff writer for Common Dreams. Published 9-14-2020

BP’s annual report on the future of energy, released Monday, says demand for oil may have peaked last year and projects significant growth in renewables over the next three decades. (Photo: tolkien1914/flickr/cc)

As communities worldwide face off against and file suit over the devastating impacts of a climate crisis notably driven by fossil fuel giants, BP on Monday gave just the latest signal that the dirty energy industry is dying—admitting that global demand for oil may have already peaked while projecting significant growth in renewables over the next few decades.

The new edition of BP’s annual Energy Outlook features three potential transition scenarios to 2050, the year by which the British firm says it intends to deliver its net-zero ambition. The forecast, Reuters reported, “underpins chief executive Bernard Looney’s new strategy to ‘reinvent’ the 111-year old oil and gas company by shifting renewables and power.” Continue reading

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“Is There No End to Big Oil’s Evil?” Campaigners Condemn Industry Plan to Pour US Plastics Into Africa

Anti-pollution advocates responded with alarm to the American Chemistry Council’s reported efforts to influence a pending U.S.-Kenya trade deal.

By Jessica Corbett, staff writer for Common Dreams. Published 8-31-2020

The Dandora dumpsite, Kenya. Photo: Mike Sonko/Facebook

Green groups responded with alarm to Sunday reporting by the New York Times and Unearthed that a U.S.-based trade group for major chemical and fossil fuel companies has lobbied the Trump administration during the Covid-19 pandemic to use a forthcoming trade agreement to flood the African continent with plastics.

U.S. Trade Representative Robert Lighthizer and Kenya Cabinet Secretary for Industrialization, Trade, and Enterprise Development Betty Maina launched trade negotiations in July. The new reports shed light on the lobbying efforts of the American Chemistry Council (ACC), whose members include the petrochemical operations of the oil giants Chevron, ExxonMobil, and Shell as well as chemical companies such as Dow and DuPont. Continue reading

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Trump’s Stated Plan to Loot Syria’s Oil Reserves ‘Would Be a War Crime,’ Critics Say

“He’s pulling back that curtain and just telling you the truth.”

By Julia Conley, staff writer for Common Dreams. Published 10-28-2019

An oil refinery in Homs, Syria. Photo: High Contrast Wikimedia/CC

While announcing that ISIS leader Abu Bakr al-Baghdadi had been killed over the weekend, President Donald Trump made explicit the longstanding U.S. military policy of securing oil reserves in the Middle East regardless of the human lives that are lost in the process, a number of critics said Monday.

Trump told reporters in his Sunday press conference that the U.S. is entitled to Syria’s oil following the withdrawal of troops from the northeastern region of the country bordering Turkey. The president pulled soldiers out of the area earlier this month, while deploying troops to other parts of the country to protect oil fields from ISIS. Continue reading

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Supreme Court Blocks ExxonMobil’s Effort to Conceal Decades of Documents in Probe of Oil Giant’s Climate Deception

The high court’s ruling means the company must hand over records to the Massachusetts attorney general for her ongoing investigation

By Jessica Corbett, staff writer for Common Dreams. Published 1-7-2019

Photo: @NextGen_NH/Twitter

In a win for climate campaigners and Massachusetts’ Democratic Attorney General Maura Healey on Monday, the U.S. Supreme Court rejected ExxonMobil’s attempt to block Healey’s demand for documents related to her state’s ongoing investigation into allegations that one of the world’s largest oil and gas corporations deceived the public and investors for decades about how fossil fuels drive global warming.

“The public deserves answers from this company about what it knew about the impacts of burning fossil fuels, and when,” Healey said, responding on Twitter to the ruling. This victory, she added, “clears the way for our office to investigate Exxon’s conduct toward consumers and investors.” Continue reading

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Insiders Admit Trump’s EPA Burying Cancer-Causing Chemical Study Unfriendly to Industry

New reporting in Politico adds further weight to claims of suppression of report on formaldehyde

By Andrea Germanos, staff writer for Common Dreams. Published 7-7-2018

Photo: Pinterest

New reporting in Politico puts the spotlight on continued themes of the Trump administration: suppression of science, threats to public health, and carrying out the bidding of industry. The issue laid out involves alleged political interference at the Environmental Protection Agency, and while the agency’s current administrator, scandal-riddled Scott Pruitt, is now on his way out the door, the reins now head to number two Andrew Wheeler, who offers little reason to believe the burying of a key report will soon end.

As Politico‘s Annie Snider reported, Trump appointees at the agency are blocking the release of an assessment on formaldehyde produced by the EPA’s Integrated Risk Information System (IRIS). A draft assessment already completed confirms research linking the common chemical to leukemia, nose and throat cancer, and other adverse health effects. Continue reading

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‘Watershed Moment for Climate Liability’ as Rhode Island Files Historic Lawsuit Against 21 Big Oil Companies

“Here we are—the smallest state, the Ocean State—taking on the biggest, most powerful corporate polluters in the world,” said the state’s attorney general. “They need to be held accountable.”

By Jessica Corbett, staff writer for Common Dreams. Published 7-2-2018

In what advocates are calling a “watershed moment” for climate litigation, Rhode Island’s Democratic Attorney General Peter F. Kilmartin announced on Monday that the state has filed a lawsuit against 21 major oil companies—including BP, Chevron, ExxonMobil, and Shell—”for knowingly contributing to climate change, and causing catastrophic consequences to Rhode Island, our economy, our communities, our residents, our ecosystems.”

“This lawsuit marks the first in the country filed on behalf of a state and its citizens against Big Oil,” Kilmartin declared. “For a very long time there has been this perception that they, Big Oil, were too big to take on, but here we are—the smallest state, the Ocean State—taking on the biggest, most powerful corporate polluters in the world, because it’s the right thing to do. They need to be held accountable.” Continue reading

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Shell Knew, Too: New Docs Show Oil Giant’s Scientists Secretly Warned About Climate Threat Decades Ago

“These reports reaffirm that fossil fuel companies have been—and always will be—bad actors,” said 350.org’s executive director

By Jessica Corbett, staff writer for CommonDreams. Published 4-5-2018

“Although CO2 is emitted to the atmosphere through several natural processes,” a 1988 Shell report states, “the main cause of increasing CO2 concentrations is considered to be fossil fuel burning.” (Photo: FraserElliot/flickr/cc)

Royal Dutch Shell’s scientists warned the oil giant about the threat that fossil fuel emissions pose to the planet as early as the 1980s, according to a trove of documents obtained by a Dutch journalist and published Thursday at Climate Files.

Environmental advocates say the documents—which bolster an investigative report published last year—demonstrate the “stunning” immorality of oil and gas companies. The records are expected to aid global efforts to hold the industry to account for its contributions to global warming. Continue reading

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In First, Two Major Cities Sue Big Oil for Climate Crimes

San Francisco and Oakland charge that fossil fuel companies “stole a page from the Big Tobacco playbook” with misleading campaigns and should pay for damage from rising seas

By Jessica Corbett, staff writer for Common Dreams. Published 9-21-2017

The Embarcadero at high tide. Photo: Heidi Nutters/flickr

Environmentalists are celebrating two new lawsuits filed by the cities of Oakland and San Francisco, California, in attempts to hold some of the world’s largest oil companies to account for fueling climate change.

“It’s time to hold these climate deadbeats accountable,” said Greenpeace’s climate liability campaigner Naomi Ages, after the suits were announced this week. Continue reading

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Fill the Swamp: Trump to Put Military Industrial Complex Lobbyist in Charge of the Army

By James Holbrooks. Published 7-24-2017 by The Anti-Media

Last Wednesday, it was reported that Donald Trump was moving to nominate Raytheon lobbyist Mark Esper for secretary of the Army. Raytheon is one of the “big five” defense contractors, and the president’s decision comes at a time when concerns are being raised over the idea of defense industry executives being placed in senior positions at the Pentagon.

Esper, who holds a master’s degree from Harvard and a doctorate from George Washington University, has been Raytheon’s vice president of government relations since 2010. Before that, he held a slew of positions in both the public and private sectors. His resume is extensive, but The Hill managed to succinctly package the high points: Continue reading

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After Exxon Fined for Sanctions Violations, Calls for Rex Tillerson to Resign

When secretary of state was CEO of ExxonMobil, says Treasury, the oil giant showed a “reckless disregard” for sanctions

By Jessica Corbett, staff writer for Common Dreams. Published 7-20-2017

Secretary of State Rex Tillerson was CEO of oil giant ExxonMobil when the company violated U.S. sanctions against Russian officials in 2014. (Photo: Greenpeace/PolluterWatch)

“It’s time Rex Tillerson step down or be removed,” said Gigi Kellett of Corporate Accountability International, following an announcement on Thursday that ExxonMobil will pay $2 million for violating U.S. sanctions against Russian officials while the now-secretary of state was the company’s CEO.

“ExxonMobil demonstrated reckless disregard for U.S. sanction requirements,” according to enforcement filing released by the Treasury Department’s Office of Foreign Assets Control (OFAC), which issued the penalty. Though the fine is reportedly the maximum penalty allowed, it’s pittance to one of the world’s most profitable and powerful corporations, which last year reported a profit of $7.8 billion. Continue reading

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