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Articles on ExxonMobil

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The biggest U.S. oil company wants to pay every American a dividend. AP Photo/Richard Drew

Taxing carbon may sound like a good idea but does it work?

Exxon Mobil has a clear motive to back a new plan to tax carbon with its clout and money. And a carbon tax that is high enough to work might prove politically impossible to enact.
Protesters have sought for years to force Exxon Mobil to disclose the risks it faces due to climate change and to do more to minimize them. AP Photo/LM Otero

Exxon Mobil’s about-face on climate disclosure

The oil giant is bowing to pressure exerted by shareholders and the authorities as it tries to catch up with its competitors.
Guyana, a former British colony on the north shore of South America, may soon supplant Trinidad and Tobago as the Caribbean region’s biggest oil producer. Reuters/Andrea De Silva

Guyana, one of South America’s poorest countries, struck oil. Will it go boom or bust?

Guyana is on the verge of an oil bonanza that could bring in US$1 million a day. But if it’s not careful, this poor nation – population 750,000 – could fall prey to the dreaded ‘resource curse.’
Exxon funded climate scientists while the bulk of its public-facing advertorials argued the science and cause of climate change was uncertain. AP Photo/Mark Humphrey

I was an Exxon-funded climate scientist

A new study confirms what many already know: Exxon for years sowed uncertainty and doubt about climate change in the public. Should scientists reject certain funding sources?
Going into the gas industry meeting, the federal government said its priority is to make sure adequate gas is available to meet peaking demands. Lukas Coch/AAP

Turnbull to gas industry: give the local market more supply

Malcolm Turnbull on Wednesday will pressure the gas industry to increase the supply available to the domestic market, as the government scrambles to get together a viable national energy policy.
Efforts to combat climate change are making extracting oil from areas like Canada’s tar sands fields more expensive. Emily Beament/PA Wire via AP

Are fossil fuel companies telling investors enough about the risks of climate change?

The Trump administration may reverse a recent push to require oil companies to disclose more information about climate change risks to investors. Is that a good thing?
In 1945, U.S. President Franklin D. Roosevelt met with King Abdul Aziz Ibn Saud, part of a behind-the-scenes policy to ensure access to oil for the U.S. and its allies. National Archives and Records Administration

Exxon’s Rex Tillerson and the rise of Big Oil in American politics

Big Oil has historically played a behind-the-scenes role on American policy and politics. No longer.
President-elect Donald Trump’s stance on climate change is very different to Barack Obama’s. Reuters/Kevin Lamarque

Trump’s threat on climate change pledges will hit Africa hard

If Trump forsakes US support for the 2015 Paris Climate Accord as well as Obama’s bilateral climate agreement with China, the resultant rise of global warming will wreak havoc throughout Africa.
Efforts to combat climate change are making extracting oil from areas like Canada’s tar sands fields more expensive. Emily Beament/PA Wire via AP

Should oil companies like Exxon be forced to disclose climate change risks?

The SEC and others are pressing Exxon to disclose more climate change risks to investors. But new research suggests shareholders are already pricing in those costs on their own.

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