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#exxonmobil — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #exxonmobil, aggregated by home.social.

  1. Chevron Stayed in Venezuela for 20 Years While Rivals Left. Here’s Why Its CEO Says Patience Pays Off.

    Chevron (NYSE:CVX) just signed a landmark deal to significantly expand its operations in Venezuela. The agreement, which positions…
    #Conflict #Conflicts #War #Chevron #ConocoPhillips #CVX #ExxonMobil #MikeWirth #NYSE #StockAdvisor #Venezuela #Venezuela"uninvestable"
    europesays.com/3237001/

  2. Eight new #gas and #OilWells have been approved for San Ardo.

    “These enhanced# oil recovery methods come with all the risks of traditional production,” says Cooper Kass, an attorney with the Center for Biological Diversity, a watchdog organization which has filed multiple lawsuits regarding California’s oil and gas industry. “They also bring a number of additional risks, including the potential for the high-pressure injection to damage the wellbore and/or crack the surrounding rock, which could lead to migration and #groundwater contamination.”—Report by Katie Rodriguez, #MontereyCountyNow

    #ClimateCrisis #FossilFuels #SalinasValley #MontereyCounty #SanArdo #AeraEnergy #BigOil #ExxonMobil #Shell montereycountynow.com/news/loc

  3. No surprise...!

    Oil and gas lobbying reaches $72 million in first half of 2024

    By Molly Taylor
    August 15, 2024

    "The American Fuel and Petrochemical Manufacturers led the oil and gas industry in federal lobbying expenditures in the first half of 2024, marking the first time the trade association outspent the top individual companies in the industry.

    "The trade association, which represents 450 fuel refining and petrochemical companies, leads the oil and gas industry with $8.1 million in federal lobbying expenditures over the first half of 2024. This level of spending marks a shift in influence, as individual oil and gas companies have typically outspent the trade association by millions of dollars.

    "The oil and gas industry altogether spent $72 million on federal lobbying in the first six months of 2024 as the #EPA introduced some of its strongest-ever regulations to reduce #FossilFuel emissions. The industry is on track to exceed last year’s expenditures, which totaled $137 million after adjustment for inflation, and is the fifth-highest lobbying industry of the year.

    "The American Fuel and Petrochemical Manufacturers emerged as the top spender after doubling its federal lobbying expenditures from 2022. Between 2016 and 2022, the trade organization spent, on average, $3.4 million annually without adjusting for inflation. In 2023, spending jumped to $6.9 million in 2023.

    "In the first six months of 2024, the American Fuel and #Petrochemical
    Manufacturers has already spent more on federal lobbying than any prior year."

    opensecrets.org/news/2024/08/o

    #AFPM #KochIndustries #KochBrothers #Shell #OccidentalPetroleum #ConocoPhillips #Chevron #ExxonMobil #AmericanPetroleumInstitute #Phillips66 #BigOilAndGas #ExxonKnew #BigOilKnew

  4. California #PublicEmployee #pension fund #Calpers investment in #ExxonMobil called into question after oil company legal battles vs activist #shareholders who hoped to urge corp away from #FossilFuels & #GreenhouseGas emissions.

    The govt worker retirement plan owns a billion dollars worth of stock in the #OilCompany, which is only 0.2% of equity, yet #California treasurer #FionaMa said. “As the largest public #PensionFund in the country, we have a responsibility to lead on issues that threaten to undermine shareowners.”

    ft.com/content/4c33cdcf-3914-4 #FInancialTimes #PaywallFree #GiftLink #Energy #Investing #ESG