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EartherClimate ChangeExxon and Chevron Reportedly Considered Becoming an Oil-Stained Voltron
Oil companies have had a rough go since the pandemic sent their main product into a tailspin. In an effort to maintain dominance in a rapidly changing world, Exxon and Chevron, the two biggest oil companies in the U.S., apparently weighed a blockbuster merger. The Wall Street Journal reported on Sunday night that Darren Woods … Continued
By Brian Kahn -
EartherExxon Thinks You’re Stupid
In March, Exxon CEO Darren Woods whined that other oil companies drafting climate plans were simply engaging in a “beauty match.” Now, Exxon has a climate plan of its own. But it’s the ugliest and most craven of the bunch because it actually says nothing about reducing emissions. Now, to be fair to Woods, it’s … Continued
By Brian Kahn -
EartherClimate ChangeNew York State Just Set a New Standard for Fossil Fuel Divestment
After an eight-year fight to get New York to divest its $226 billion pension fund from fossil fuels, activists have won a major victory. On Wednesday, New York Comptroller Tom DiNapoli announced the state will take a systematic approach to ensure the third-largest pension fund in the U.S. divests from fossil fuels by 2025. But … Continued
By Brian Kahn -
EartherExxon Continues Unprecedented Tumble
When the fossil fuel industry finally winds down in the coming decades, 2020 will stand as a pivotal year. Major corporations have been knocked off their pedestals, and there’s no bigger fall than Exxon’s. Late on Monday, the company announced it was writing down the value of oil and gas fields it had previously planned … Continued
By Brian Kahn -
EartherClimate ChangeFor Sale: Oil Company Headquarters, Slightly Used
When you fall on hard times, you sometimes have to downsize. So it is with BP, which is in talks to sell its London headquarters because of massive financial losses. Multinational oil companies: They’re just like us. The company’s office is located in what the Wall Street Journal calls the “tony Mayfair section” of London … Continued
By Brian Kahn
