NewsCloud.com Exxon News

Exxon Mobil steals a win

Exxon Mobil's big court win in the Exxon Valdez case tells us a lot about the pro-business stance of the US Supreme Court, and about the power of persistence

Court slashes judgment in Exxon Valdez disaster from $2.5B to $.5B

In dissent, Justice John Paul Stevens supported the $2.5 billion figure for punitive damages, saying Congress has chosen not to impose restrictions in such circumstances. Justice Ruth Bader Ginsburg also dissented, saying the court was engaging in "lawmaking" by concluding that punitive damages may not exceed what the company already paid to compensate victims for economic losses.

Exxon extends influence in Washington at Oil Change

Exxon is a heavy hitter in Washington, and I'm not just talking about campaign contributions and lobbying. The world's largest corporate carbon emitter has bought itself top billing at Washington's new - supposedly green - baseball park.

Big Oil wins again

Exxon Mobil has defeated the descendents of the man who founded the company

Rockefeller family members press for change at Exxon

Three of the resolutions, to be voted on Wednesday at the company's shareholders' meeting in Dallas, are considered unlikely to pass, even with Rockefeller family support. They would demand that Exxon take the threat of global warming more seriously and look for alternatives to spewing greenhouse gases into the air.

Oil Execs Make Fools of Congress and American Taxpayers

Executives from five huge oil companies were questioned by members of Congress Tuesday amid frustration over high oil and gasoline prices. Big-wigs from BP, Chevron, ConocoPhillips, ExxonMobil, and Royal Dutch Shell did their best to eschew blame for high prices while explaining that they still need billions of dollars in subsidies.

On Exxon Mobil's Reported

Reuters reported that Exxon Mobil is interested in helping to develop Iraq s huge oil reserves. The Reuters report also says that spokesperson Len D Eramo said in an emailed statement if the Iraqi government decides it wants international oil companies to partner with them in developing their resources, Exxon Mobil would be interested in participating."

U.S. Supreme Court agrees to review $2.5 billion in punitive damages in Exxon Valdez case

Roberts' court off the rails? The company has been battling the judgment for more than a decade. The company has managed to get the award cut in half from the original $5 billion awarded in 1994 by an Anchorage jury in the class-action suit.

Exxon Mobil first publicly traded company to top $500 billion

Shares of Exxon Mobil rose 2.7 percent Thursday pushing the market capitalization of the Irving-based company to $504.9 billion more than the annual economic output of Argentina, Finland and Kazakhstan combined. A 40 percent gain in the past 12 months made Exxon Mobil 26 percent bigger than General Electric Co., the next largest U.S. company.

Exxon Hacks the Yes Men

"One day after the Yes Men made a joke announcement of ExxonMobil's plans to turn billions of climate-change victims into a brand-new fuel called Vivoleum, the Yes Men's upstream internet service provider shut down Vivoleum.com and cut off the Yes Men's email service, in reaction to a complaint whose source they will not identify.

The greening of Exxon Mobil?

After years of condemning climate change campaigners, Exxon Mobil now says it s going green. But a closer look reveals the company s line on global warming is still the same. It s just being pragmatic.

Bush considers lifting Alaska drilling ban

More Bush Corruption: Last summer, the Interior Department recommended reopening several areas of the outer continental shelf -- including the southern part of Bristol Bay, which lies just north of where the Aleutian Islands meet the Alaskan mainland -- to energy exploration, saying that 14 oil and gas companies had supported the idea.

Royal Society Tells Exxon: Stop Funding Climate Change Denial

Britain's leading scientists have challenged the US oil company ExxonMobil to stop funding groups that attempt to undermine the scientific consensus on climate change. In an unprecedented step, the Royal Society, Britain's premier scientific academy, has written to the oil giant to demand that the company withdraws support for dozens of groups that have "misrepresented the science of climate change by outright denial of the evidence".

Gas prices down� for holiday

Karl Rove and Exxon are working on lowering gas prices prior to the election. Rove is also trying to destroy the Ohio 2004 Presidential ballots in case Dems gain subpoena privileges in the House after November.

Where did that video spoofing Gore's film come from?

Exxon builds fake penguin video to spoof Gore's Inconvenient Truth. You'd think when you're making $55,000 per minute you could care less about the opposition. I guess they are really scared of climate change policy shifts in public opinion.