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Articles on ExxonMobil

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Tesla CEO Elon Musk, shown at an electric vehicle factory, called ESG ratings ‘a scam’ after an index dropped Tesla. Maja Hitij/Getty Images

How a sustainability index can keep Exxon but drop Tesla – and 3 ways to fix ESG ratings to meet investors’ expectations

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.
The oil industry was aware of the risks of climate change decades ago. Barry Lewis/InPictures via Getty Images

What Big Oil knew about climate change, in its own words

Transcripts and internal documents show how the industry shifted from leading research into fossil fuels’ effect on the climate to sowing doubt about science.
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. AFP via Getty Images

Pandemic crushes Guyana’s dreams of big oil profits as ‘resource curse’ looms over oil-producing nations

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. Helen H. Richardson/The Denver Post via Getty Images

Money talks: Big business, political strategy and corporate involvement in US state politics

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.
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.

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