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Exxon: $8.9B sought in New Jersey pollution case 'not real'

2015-04-16 00:07:13| Oil & Gas - Topix.net

Exxon Mobil's top lawyer said Wednesday that a heavily criticized $225 million pollution settlement with New Jersey was reasonable and that the nearly $9 billion initially sought by the state shouldn't be used as a barometer because it was calculated using faulty methodology. The settlement announced in March has drawn criticism from environmentalists and lawmakers in both parties who have said the state should have waited for a judge's ruling instead of settling for what they have a characterized as pennies on the dollar.

Tags: not real case jersey

 

Exxon: $8.9B sought in New Jersey pollution case 'not real'

2015-04-15 22:58:00| Energy - Topix.net

Exxon Mobil's top lawyer said Wednesday that a heavily criticized $225 million pollution settlement with New Jersey was reasonable and that the nearly $9 billion initially sought by the state shouldn't be used as a barometer because it was calculated using faulty methodology. The settlement announced in March has drawn criticism from environmentalists and lawmakers in both parties who have said the state should have waited for a judge's ruling instead of settling for what they have a characterized as pennies on the dollar.

Tags: not real case jersey

 
 

Exxon rejects Beaumont refinery union proposal; offers six-year pact

2015-04-09 19:08:57| Oil & Gas - Topix.net

Exxon Mobil Corp has rejected a contract offer from the United Steelworkers local chapter representing hourly workers at the company's Beaumont, Texas, refinery and renewed its offer of a six-year contract, a union official said on Wednesday. Exxon has been campaigning for a longer agreement with the Beaumont workforce, offering first a five-year agreement and then a six-year pact.

Tags: offers union proposal rejects

 

Exxon rejects Beaumont refinery union proposal offers six-year pact

2015-04-09 06:18:33| Chemicals - Topix.net

Exxon Mobil Corp has rejected a contract offer from the United Steelworkers local chapter representing hourly workers at the company's Beaumont, Texas, refinery and renewed its offer of a six-year contract, a union official said on Wednesday. Exxon has been campaigning for a longer agreement with the Beaumont workforce, offering first a five-year agreement and then a six-year pact.

Tags: offers union proposal rejects

 

Shell-BG tie-up could challenge market leader Exxon Mobil

2015-04-09 01:09:19| Chemicals - Topix.net

European petroleum giant Royal Dutch Shell has agreed to buy British rival BG Group for roughly $70 billion in a deal that could help the two companies battle low oil prices while pressuring market leader Exxon Mobil. Shell, which is based in the Netherlands and incorporated in London, said it would pay 47 billion British pounds for BG if allowed by regulators and the companies' shareholders.

Tags: market leader challenge mobil

 

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