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The Latest Breaking News from ExxonMobil

ExxonMobil loses bid to nix climate change lawsuit

Massachusetts’ highest court has rejected a bid by ExxonMobil to dismiss a lawsuit brought by the state that accuses the oil giant of misleading the public about the role its products play in causing climate change

The Independent UK

How a sustainability index can keep Exxon but drop Tesla – and 3 ways to fix ESG ratings to meet investors' expectations

A major stock index that tracks sustainable investments dropped electric vehicle-maker Tesla from its list in May 2022 – but it kept oil giant ExxonMobil. That move by the SP 500 ESG Index has set off a roiling debate over the value of ESG ratings.

The Conversation

‘We can’t eat a new road’: Guyanese voice fears over true cost of Exxon’s oil bonanza

Multibillion-dollar deal promising to lift country out of poverty may be false dawn with dire impact on climate, warn campaigners

The Guardian - UK

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Revealed: the ‘carbon bombs’ set to trigger catastrophic climate breakdown

Exclusive: Oil and gas majors are planning scores of vast projects that threaten to shatter the 1.5C climate goal. If governments do not act, these firms will continue to cash in as the world burns

The Guardian - UK

Exxon doubles down on ‘advanced recycling’ claims that yield few results

The petroleum company is under investigation for misleading the public while exacerbating the global plastic pollution crisis

The Guardian - US

California subpoenas ExxonMobil in probe of plastics waste

California’s attorney general has subpoenaed ExxonMobil as part of what he called a first-of-its-kind broader investigation into the petroleum industry for its alleged role in causing a global plastic pollution crisis

The Independent UK

Exxon Mobil Bans Rainbow Flag Display During LGBTQ Pride Month: What You Need To Know

ExxonMobil Corp. (NYSE: XOM) will not allow the LGBTQ-rights rainbow flag to be flown outside of its corporate offices during June’s Pride Month observances, although corporate leadership insisted this was not a reflection of a lack of support for its LGBTQ workforce.

Benzinga

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ExxonMobil issued rare penalty in ongoing Indonesian rights case

US court orders oil giant to pay nearly $290,000 to plaintiff’s counsel following botched deposition.

Al Jazeera

US diplomat: Mediterranean gas pipeline to Europe not viable

A senior U.S. diplomat says a proposed pipeline to deliver natural gas from deposits in the east Mediterranean to European markets is too expensive, not economically viable and will take too long to help countries seeking alternatives to Russian gas any time soon

The Independent UK

The Battle of Beaumont

A grueling labor fight dragged on in the once-mighty union bastion of southeast Texas, pitting the oil giant against an embattled Steelworkers local.

Texas Observer

More than 200 oil tankers have left Russian ports since Ukraine invasion began

Exclusive: Human rights NGO accuses companies of ‘hiding behind vague statements and weak excuses’

The Independent UK

JPMorgan Chase CEO pushes Biden for domestic energy "Marshall Plan"

Dimon told Biden that more gas production is needed both for Europe and America's energy security.

Axios

Short Circuit: A Roundup of Recent Federal Court Decisions

Straight teeth, prurient firefighters, and Fresh American Beef.

Reason

Small oil producers like Ghana, Guyana and Suriname could gain as buyers shun Russian crude

As the U.S. and Europe cut back purchases of Russian oil, and energy traders shun it for fear of sanctions, the search is on for other sources. Attention has focused on Iran and Venezuela, both of which are led by governments that the U.S. sought until recently to isolate. But…

The Conversation

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The Independent UK

Oil supertanker from Russian port docks in Southampton

ExxonMobil says cargo came from Kazakhstan

The Guardian - UK

Oil supertanker from Russian port to dock in Southampton

UK ban covers Russian vessels but Seatribute is registered in Malta and ExxonMobil denies it is carrying Russian oil

The Independent UK

California county rejects ExxonMobil plan to truck oil

Santa Barbara County supervisors have rejected a bid by ExxonMobil to restart offshore oil wells shut down in 2015 after a pipeline leak caused the worst coastal spill in 25 years

The Conversation

Shell, BP and ExxonMobil have done business in Russia for decades – here's why they're leaving now

In response to Russia’s invasion of Ukraine, British energy giant BP announced on Feb. 27, 2022, that it will sell its nearly 20% ownership in Russian state-owned energy giant Rosneft. BP’s rival Shell is also pulling out of all of its operations in Russia, as are U.S. energy giant ExxonMobil…

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Asharq Al-Awsat

ExxonMobil, Apple, Boeing Latest US Giants to Cut Ties with Moscow

Apple, ExxonMobil and Boeing announced Tuesday in rapid succession steps to withdraw or freeze business in Russia as more US corporate giants take action after the Ukraine invasion. The moves -- in diverse industries and following earlier announcements by Disney, Ford, Mastercard and others -- highlight the rising economic toll…

The Independent UK

Boeing and Ford latest corporate giants to suspend operations in Russia

Major corporations like ExxonMobil and Disney have also cut ties

Axios

Exxon to end operations in Russia, vows no new investments

Exxon has longstanding investments and operations in Russia.

The Guardian - US

The great greenwashing scam: PR firms face reckoning after spinning for big oil

A comprehensive study confirms that oil companies are largely all talk and no action when it comes to clean energy initiatives

Inverse

Fossil fuel companies own green rhetoric betrays an ugly truth — analysis

Scientists analyzed top fossil fuel companies' rhetoric, business strategies, and investments, and found their clean energy discourse doesn't match their actions.

The Guardian - UK

Oil firms’ climate claims are greenwashing, study concludes

Most comprehensive scientific analysis to date finds words are not matched by actions

ABC News

Big oil all talk, no action on climate change? Researchers say they've got the proof

Analysis of the investments of Shell, Chevron, BP, and ExxonMobil finds their transition to clean energy companies "is not occurring", despite pledges to the contrary.

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