In the wake of a major pipeline spill in Mayflower, Arkansas, Exxon has launched a campaign to prevent Little Rock television stations from running a political ad titled, “Exxon Hates Your Children.” To try to keep it off the air, Exxon is circulating a memo to television stations claiming that the commercial is “defamatory toward ExxonMobil’s employees.” The ads, which were paid for through crowdfunding, were scheduled to run on local ABC, NBC, and Fox stations this week, but were taken off the schedule when the stations got the memo. In February, Exxon pulled the same stunt when Comcast was set to air the ad during the president's State of the Union address.
Tag Archives | ExxonMobil
Curious what goes through the mind of Rex Tillerson, CEO of ExxonMobil, the largest publicly traded oil company in the world, when he ponders the alteration of the earth’s climate by CO2 emissions? In a talk before the Council on Foreign Relations last week, Tillerson said that the earth is definitely becoming hot, but that he has no fear because “we’ll adapt”:
So I’m not disputing that increasing CO2 emissions in the atmosphere is going to have an impact. It’ll have a warming impact.
We have spent our entire existence adapting, OK? So we will adapt to this. Changes to weather patterns that move crop production areas around — we’ll adapt to that. It’s an engineering problem, and it has engineering solutions. And so I don’t — the fear factor that people want to throw out there to say, ‘We just have to stop this,’ I do not accept.
Exxon apologizes for sticking it to us at the gas pumps last quarter. The disgusting part? Exxon feels that their company “doesn’t even make that much money selling gasoline.” AP reports:
… Read the rest
Exxon made almost $11 billion and practically apologized for it.Sensing public outrage over gasoline prices that have topped $4 in some states, the company struck a defensive posture Thursday after posting some of its best quarterly financial results ever.
Exxon said it had no control over high oil prices. It said it’s one of the biggest taxpayers in the United States. It cast federal subsidies as “legitimate tax provisions” that keep jobs at home, and cast itself as a victim of Washington scapegoating.
“They feel they have to demonize our industry,” said Ken Cohen, Exxon’s vice president for public affairs.
What’s more, the company argued, it doesn’t even make that much money selling gasoline.
Exxon’s profit of $10.65 billion for the first quarter was its highest since it made $14.83 billion in the third quarter of 2008, a record for a publicly traded company.
Site editor’s note: This post from DJ Pangburn originally appeared on death + taxes.
What a joy it is to see some businesses doing well as the corpse of capitalism slowly re-animates…
Exxon-Mobil reported a 55% surge in third quarter earnings compared to last year. The U.S. oil giant posted $7.4 billion in earnings, which translates to $1.44 per share. It’s annual revenue rose $13 billion to $95.3 billion, much of the credit going to the demand coming out of China attempting to feed its unstoppable economic engines.
In a statement, ExxonMobil chairman Rex Tillerson commented on Exxon-Mobil’s profits:
“Despite continuing economic uncertainty, we had strong quarterly results and continued to advance our robust investment opportunities.”
Royal Dutch Shell’s quarterly earnings also rose significantly, even as the company divests itself of some of their oil-producing facilities in Nigeria.… Read the rest
Tom Philpott writes for Grist:
We finally know the main two dispersants that BP and the U.S. government are using to treat the ongoing Gulf spill.
Both, by their maker’s own admission, have the “potential to bioconcentrate,” and both have “moderate toxicity to early life stages of fish, crustaceans, and mollusks,” according to a study by Exxon, the company that originally developed them.
Their use may be the least-bad course, given the importance of minimizing oil’s effect on coastal wetlands. But a little digging into the chemical makeup of these two substances, which are being dumped in vast quantities into the Gulf, reveals that they could potentially do far more harm than good, both to the Gulf and to humans who later eat from it.
… Read the rest
As ProPublica reported Monday, information about dispersants is “kept secret under competitive trade laws.” I’ve spent the last several days trying to confirm what many in the ocean-ecology and public health worlds seemed to know, but no one would say officially: that two different dispersants sold under the banner of Corexit were being used in vast quantities.