ExxonMobil


Backbone Campaign/Flickr

ExxonMobil Versus Chevron: Fight for Second-to-Last Place Among Fossil Fuel Companies Has Begun

, Corporate Analyst and Engagement Specialist

Soon it will be annual general meeting (AGM) season. Much like last year, UCS will be attending the annual meetings virtually due to the pandemic. I’ll be addressing three broad themes here – EU versus US climate action, the need for climate lobbying disclosure, and Chevron and ExxonMobil’s fight to not be the worst. Read more >

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Three Ways Climate Disclosure Helps Everyone

, Corporate Analyst and Engagement Specialist

Climate risk, be it physical risk from climate impacts or financial risks associated with the transition to a low-carbon economy, poses a systemic threat to the US and global economy. Corporate America, particularly the fossil fuel industry, is both contributing to climate risks and facing climate risks—which seems like a paradox the industry should pay closer attention to. The accurate and comparable disclosure of climate risks is a necessary first step in the swift and deep decarbonization that is necessary to avoid the worst impacts of climate change. Disclosure on its own is not enough, as there is no silver bullet to eliminate climate risk, but disclosure is a vital part of a necessary climate package. And disclosure has real-world positive impacts for communities, investors, and the everyday person. Read more >

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Photo: John Fowler/Flickr

ConocoPhillips, ExxonMobil, and Chevron Climate Pledges and Actions Fall Short

, Corporate Analyst and Engagement Specialist

In an unexpectedly less terrible turn of events, 2020 has seen several oil and gas companies announce more ambitious climate targets. Just last week, ConocoPhillips released a new “net-zero” climate ambition, becoming the first US oil and gas company to do so. While that breakthrough looks impressive at first glance, we’ve found some glaring deficiencies in the company’s recent announcement. Read more >

Photo: John Fowler/Flickr
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ExxonMobil pledged $5 million to help pay for renovating the US Chamber of Commerce’s headquarters (above) in Washington, despite the fact that the Chamber opposes government action on climate change. Elliott Negin

ExxonMobil Claims Shift on Climate But Continues to Fund Climate Science Deniers

, senior writer

After decades of public denial, ExxonMobil now acknowledges that “the risk of climate change is real” and says it is “committed to being part of the solution,” at least according to the company’s website and statements. Read more >

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Michael Fleshman/Flickr

An Unusual Annual Meeting Season Saw Investors Ratchet Up Climate Pressure on ExxonMobil and Chevron

, Corporate Analyst and Engagement Specialist

Earlier this year, we promised to watch fossil fuel companies’ statements and actions carefully over the annual general meeting season. A diverse array of climate-related issues were again on company agendas at this year’s annual meetings. The recent shift from financial institutions, even if small, speaks to climate activism’s influence, but if climate activism has taught us anything, it’s that words without actions do not and cannot count as progress to avoid the worst impacts of climate change. Read more >

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