Hundreds of executives and government officials from oil-producing nations around the world are gathering in Calgary this week, against the backdrop of growing global pressure to reduce greenhouse gas emissions.
Massachusetts’ highest court on Tuesday, May 24, 2022, rejected a bid by ExxonMobil to dismiss a lawsuit brought by the state that accuses the oil giant of misleading the public about the role its fossil fuels play in causing climate change.
The chairwoman of the House Oversight Committee issued subpoenas on Tuesday, November 2, 2021, to top executives of ExxonMobil, Chevron and other oil giants, charging that the companies have not turned over documents needed by the committee to investigate allegations that the oil industry concealed evidence about the dangers of global warming.
During a hearing Thursday, Democrats compared Big Oil's tactics to those long deployed by the tobacco industry to resist regulation “while selling products that kill hundreds of thousands of Americans."
Exxon Mobil said on Thursday, March 5, 2020, it plans to reduce the number of oil rigs operating in an oil-rich region in the Southwest and may cut planned capital expenditures as the spreading coronavirus saps energy demand.