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Exxon 3rd quarter profit falls by nearly half amid low oil prices

2015-10-31 08:20:34| Oil & Gas - Topix.net

Exxon Mobil Corp. posted its worst third quarter in 12 years due to low oil prices but still earned $4.24 billion, beating Wall Street expectations. Exxon's earnings from exploration and production continued to slide, especially in the United States.

Tags: low half prices oil

 

Exxon Mobil Accused of Misleading Public on Climate Change Risks

2015-10-31 02:26:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: More than 40 of the nations leading environmental and social justice groups demanded a federal investigation of Exxon Mobil on Friday, accusing the huge oil and gas company of deceiving the American public about the risks of climate change to protect its profits. Stories from Our Advertisers In a letter to Attorney General Loretta Lynch, the groups, citing recent news reports, suggested that Exxon Mobil might be guilty of the same kind of fraud that the tobacco companies were found to have perpetrated...

Tags: public change mobil risks

 
 

Hillary Clinton Endorses Federal Investigation Of Exxon

2015-10-30 16:46:50| Oil & Gas - Topix.net

Democratic presidential candidate Hillary Rodham Clinton listens to a question at town hall meeting at White Mountain Community College, Thursday, Oct. 29, 2015, in Berlin, N.H. Democratic presidential candidate Hillary Clinton has joined the ranks of politicians and environmentalists calling for a federal investigation of ExxonMobil. At a town hall event in New Hampshire on Thursday, local community organizer Jordan Cichon asked Clinton whether she would call on the Department of Justice to investigate the fossil fuel giant of engaging in a cover-up to mislead the public about the risks of human-caused climate change.

Tags: federal investigation clinton hillary

 

US senators press Exxon for answers on climate denial funding

2015-10-30 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

InsideClimate: Senator Sheldon Whitehouse asked ExxonMobil Corp. on Thursday whether it made donations to a financial clearinghouse that were funneled to climate denial groups after the oil company said it had stopped making direct contributions to them. Whitehouse, a Democrat from Rhode Island, said his inquiry was sparked by investigative articles published recently by InsideClimate News, the Los Angeles Times, and others. The letter was also signed by three other Democratic senators: Richard Blumenthal...

Tags: press answers funding climate

 

Hillary Clinton joins call for Justice Dept. investigate Exxon

2015-10-30 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

InsideClimate: Democratic presidential frontrunner Hillary Clinton voiced support Thursday for a Department of Justice investigation into whether ExxonMobil purposefully misled the American public on climate change. When asked after a town hall event in Berlin, N.H. whether she would call for a federal probe into Exxon, Clinton replied, "Yes, yes, they should. There's a lot of evidence that they misled people." The Clinton campaign did not respond to InsideClimate News' request for further comment. Clinton joins...

Tags: call justice investigate clinton

 

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