An estimated 95% of US cities provide economic development tax incentives to woo corporate investors, taking billions away from schools.
Exxon Mobil Corp.’s campus in East Baton Rouge Parish, left, received millions in tax abatements to the detriment of local schools, right.
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Honolulu, Baltimore, Charleston, S.C. and several other cities harmed by rising seas and extreme weather are suing the oil industry. At stake is who pays for the staggering costs of climate change.
Exxon, 1972. That decade, the firm’s private research predicted that fossil use would heat the planet.
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An alternate timeline that ends with a Nobel prize for Exxon’s CEO.
From Alaska to Alabama, corporations spend money to shape their local business environments, resources and regulations.
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Businesses can spend huge amounts of money to influence Congress. But sizable lobbyist and campaign donations also go to state campaigns and lawmakers to influence policymaking.
Tesla CEO Elon Musk, shown at an electric vehicle factory, called ESG ratings ‘a scam’ after an index dropped Tesla.
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Sustainable investing’s credibility took a hit when the S&P 500 ESG index dropped the electric vehicle-maker but kept the oil giant. The SEC is now considering new disclosure rules.
A woman sells drinks on a street in Georgetown in Guyana, one of South America’s poorest countries, March 1, 2020.
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Buyers are avoiding Russian oil in response to the war in Ukraine. Can smaller producers leverage this moment to strike favorable deals with big oil companies?
Pumps at a Shell fueling station in Tatarstan, Russia, Nov. 20, 2017.
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The world’s largest energy companies are used to doing business in risky places with difficult partners. But with war in Ukraine, preserving their reputations outweighs profits.
The oil industry was aware of the risks of climate change decades ago.
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Transcripts and internal documents show how the industry shifted from leading research into fossil fuels’ effect on the climate to sowing doubt about science.
To date, courts have often been reluctant to interfere in what is viewed as an issue best left to policymakers. These recent judgements, and others, suggest things are changing.
Engine No. 1 wants Exxon to focus less on fossil fuels.
AP Photo/Matthew Brown
Engine No. 1 convinced other shareholders to support at least two of its nominees to join the company’s board as part of its push for a stronger sustainability strategy at Exxon.
Secretary of State Mike Pompeo with Guyana’s president, Mohamed Irfaan Ali, Sept. 18. Pompeo is the first U.S. secretary of state to visit the tiny South American country.
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Tiny Guyana hoped to see unprecedented wealth this year as ExxonMobil’s offshore wells began pumping out crude. Instead, it got a pandemic and political strife. Other oil states are struggling, too.
Protesters rally to have Colorado’s then-incoming governor put an up-to-nine-month moratorium on oil and gas development.
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Millions of dollars are spent every election by corporations that want to influence state regulations and policies, and that’s likely to continue in the upcoming election.
BHP has voted to stay in the Minerals Council of Australia.
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Despite voting to remain a member of an Australian coal lobby group, there are growing divisions between fossil fuel extractors and the larger energy industry.
A rig off the coast of Cyprus explores the region’s gas potential.
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With ExxonMobil set to begin oil production in Guyana next year, this tiny South American country will soon become unthinkably rich. But neighboring Venezuela shows how an oil boom can go bust.