Exxon Mobil News

New York City Lawsuit Against Exxon, BP, Shell Over Climate Change Dismissed

A judge has dismissed New York City’s lawsuit seeking to hold Exxon Mobil, BP and Shell liable for misleading the public about their products, and their commitment to renewable energy and fighting climate change. In a decision on Tuesday, state …

House Committee Says It Finds Evidence of ‘Climate Cartel’

The House Judiciary Committee said it’s found “substantial evidence of collusion and anticompetitive behavior” by the financial industry to “impose radical ESG-goals” on US companies. An interim report published by the Republican-led committee said “a cartel” of financial firms and …

Environmental Groups, California Sue Exxon Over Global Plastic Pollution

California and several environmental groups sued Exxon Mobil on Monday and accused the oil giant of engaging in a decades-long campaign that helped fuel global plastic waste pollution. Speaking at an event during Climate Week in New York City, California …

Exxon Suit Targeting Activist Group Arjuna Tossed by Judge

A federal judge dismissed a lawsuit by Exxon Mobil Corp. against Arjuna Capital after a lawyer for the activist investor group vowed not to try to resurrect a shareholder policy opposed by the company. The judge in Fort Worth, Texas, …

Highlighting Exxon Suit, Investors Urge Firms to Keep Shareholder Spats Out of Court

A group of around 40 large European and American institutional investors on Tuesday urged companies to refrain from taking shareholders to court over disagreements relating to their proposals. The group, which represents $4.8 trillion in assets under management, highlighted the …

Oil Majors Offered Faster Nigerian Exit if They Pay for Cleanup, Compensation

Major oil companies, such as Exxon Mobil and Shell, that aim to exit Nigeria’s onshore oil can get quicker approval to do so if they take responsibility for spills rather than wait for authorities to apportion blame, the regulator said …

EPA Finalizes Regulation Requiring Oil and Gas Operators in Texas to Reduce Methane Emissions

The Environmental Protection Agency on Saturday finalized a long-anticipated climate regulation that will require oil and gas operators to dramatically reduce how much methane, a potent greenhouse gas, is escaping from equipment in many oil fields across Texas. The rule …

Guyana Court Stays Order for Exxon to Give Unlimited Guarantee for Oil Spills Coverage

A Guyana Appellate Court judge on Thursday temporarily stayed a lower court’s order requiring Exxon Mobil Guyana and partners in offshore oil production to provide an unlimited guarantee to cover potential oil spills. The stay lifts a cloud over oil …

Environmental Platform Urges 1,600-Plus High-Emitting Firms to Disclose Data

More than 1,600 companies identified by non-profit platform CDP as having the biggest impact on the environment are not disclosing environmental data, it said as it launched its latest campaign to get firms to provide the information. CDP, which has …

Exxon, Guyana Environmental Agency in Breach of Oil-Spill Insurance Obligations: Court

An Exxon Mobil unit is in breach of insurance obligations for its first offshore oil project in Guyana in part due to errors by the environmental regulator, a Guyanese court ruled on Wednesday, a decision the government rejected. Exxon “engaged …