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11 Mar 2024, 9:01 pm by renholding
How else to interpret the proposal recently sponsored by the climate activist investors Arjuna Capital and Follow This at ExxonMobil, which called on the oil giant to reduce further its carbon footprint? [read post]
9 Feb 2024, 5:25 am by Unknown
”The shareholders “have not disavowed the ‘Goldilocks Trojan Horse’ strategy that seeks to disrupt ExxonMobil’s ordinary business operations and cause ExxonMobil to stop exploring for oil and gas,” ExxonMobil wrote.SEC relief not sought. [read post]
19 Jan 2024, 8:32 am by Rebecca Tushnet
“Plaintiff’s clientele includes municipal and corporate entities, particularly those in the utilities, oil and gas, renewable energy, and public works sectors. [read post]
21 Sep 2023, 1:27 pm by Evan George
  Let’s hope it pays off in the crucial years ahead whether it’s sharp coverage of U.N. climate conferences, oil industry tactics, corporate net-zero pledges, as well as consequential elections and legislative sessions. [read post]
16 Aug 2023, 8:22 pm by Sabrina I. Pacifici
According to an analysis released Tuesday by Global Witness, those five corporations are forecast to produce oil and gas that—when burned—will emit roughly 47 billion tonnes of carbon dioxide. [read post]
25 Apr 2023, 9:05 pm by Samantha J. Prince
The chairman of another oil company, ExxonMobil, has said that the need for a “balanced approach” to investment has “never been greater. [read post]
The lawsuit, filed in the US District Court for the Middle District of Louisiana, alleged that ExxonMobil violated Title VII of the Civil Rights Act of 1964 after the corporation failed to take necessary steps to fix and stop racial discrimination at its chemical plant and oil refinery in Baton Rouge, Louisiana. [read post]
4 Oct 2022, 9:02 am by Kyle Hulehan
  According to the IEA, “oil majors (Shell, BP, ExxonMobil, Chevron, TotalEnergies, ConocoPhillips) and Equinor accounted for about 90% of total clean energy investment by the oil and gas industry in 2021 and almost all the investment tracked so far in 2022. [read post]
14 Sep 2022, 2:36 pm by Kevin LaCroix
As discussed here, in 2021 a plaintiff shareholder sued ExxonMobil and certain of its executives following news reports that the SEC has launched an investigation of the company based on whistleblower reports questioning the company’s asset valuations of its Permian basin oil fields. [read post]
ExxonMobil Corp.,2 Massachusetts’ Attorney General alleged that Exxon misled investors as to the effect burning fossil fuels had on climate and misled consumers by its promotional materials boasting that the company was taking steps to reduce carbon emissions. [read post]
25 May 2022, 9:01 pm by Richard Zelichov and Trevor T. Garmey
  The SEC’s Division of Corporate Finance first issued Guidance Topic No. 9 on March 25, 2020. [read post]
14 Apr 2022, 5:43 am
Hilcorp Energy Co., a private oil and gas company in the U.S., is the largest methane emitter in the country, reporting almost 50 per cent more methane (a pernicious type of greenhouse gas (GHG)) emissions than the largest public counterpart, ExxonMobil. [read post]
14 Apr 2022, 5:43 am
Hilcorp Energy Co., a private oil and gas company in the U.S., is the largest methane emitter in the country, reporting almost 50 per cent more methane (a pernicious type of greenhouse gas (GHG)) emissions than the largest public counterpart, ExxonMobil. [read post]
11 Mar 2022, 8:15 am by Matthew H. Murray
On March 1, ExxonMobil announced that it was exiting its operation at Sakhalin-1 valued at $4 billion. [read post]
28 Feb 2022, 7:00 pm by Daniel Jin
., the debtor-in- possession’s entire corporate structure is combined such that claims of every debtor entity receive distributions at the same “structural” priority level). [read post]
3 Feb 2022, 6:09 am
In particular, concentrated carbon emitters such as oil exploration and production companies are likely to suffer. [read post]
23 Nov 2021, 1:33 pm by Kevin LaCroix
As discussed here, in January 2021, a plaintiff shareholder filed a securities class action against ExxonMobil based on SEC launched an investigation of the company based on whistleblower reports questioning the company’s asset valuations of its Permian basin oil fields. [read post]