Archive | May, 2007
Blog Post
Will Exxon Investors Act?
Posted by John M. Simpson
05-30-07 by Simpson A shareholder resolution offered by a group of nuns from New Jersey would have required ExxonMobil to reduce greenhouse gas emissions from both its products and operations. Though it lost at the annual meeting this week, the measure won stronger than expected support with 31 percent of the vote. Big institutional investors [...]
Press Release
Exxon Shareholders Want Action
CONTACT: J. Dugan J. Court
30. May 2007
NEWS RELEASE: May 30, 2007 CONTACT: Judy Dugan, (310) 392-0522, ext. 305, cell: 213 280-0175, or Jamie Court, ext. 327, cell: 310-874-9989 Global Warming Resolution Gains Surprising Support From Exxon Shareholders; 31% ‘Yes’ Vote Puts Management on Defensive, Says Group Santa Monica, CA — A surprisingly large minority of ExxonMobil shareholders, nearly one-third, demanded today [...]
Blog Post
Are Gas Prices Too High? Hmm
Posted by Judy Dugan
30. May 2007
I’ve moved for the week to the LA Times’ online Dust-Up, (here, then click on Dust-Up, at top center of page) debating Tom Tanton of the Houston-based (and oil/energy industry funded) Institute for Energy Research. The question: Are Gasoline Prices Too High? Hard to imagine why we’re taking three days to answer that.
Blog Post
The Ultimate Merger Chart
Posted by Judy Dugan
30. May 2007
05-30-07 by dugan Here’s the oil industry merger chart I’ve been looking for — from the unimpeachable Government Accountability Office. No more is needed to know why the industry isn’t competitive. And here’s a story on the recent Congressional testimony of GAO analyst Thomas McCool. Under the cool language, it’s a primer on all that’s [...]
Blog Post
The Nuns Vs. Exxon
Posted by Jamie Court
30. May 2007
Bloomberg has the pre-fight preview of the battle at today’s Exxon shareholder meeting between the $1 trillion in investor capital led by the Sisters of St Dominic and an Exxon board that does not want to set goals for reduction greenhouse gases. The investor group, including the nuns and CALPERS (California state employees’ retirement fund), [...]
Blog Post
Big Oil U Marches On
Posted by John M. Simpson
29. May 2007
05-29-07 by Simpson Chevron announced another extension campus of “Big Oil U” today saying that it would enter a research deal with Texas A&M Agriculture and Engineering BioEnergy Alliance. They say they plan to accelerate the production and conversion of crops for manufacturing ethanol and other biofuels from cellulose. As reported in Inside Greentech, both [...]
Blog Post
Chevron’s Big BioDiesel Greenwash
Posted by Judy Dugan
29. May 2007
5-29-07 by dugan Folks, here’s the announcement you definitely won’t hear today: Chevron Corp., with the unveiling of a large Galveston Bay biodiesel plant today, also announced the launch of “Chevron Clean D,” a branded biodiesel fuel to be sold initially at about 600 of its Chevron gasoline stations . Chevron is a partner in [...]
Blog Post
Snake Oil For Foreign Oil
Posted by Jamie Court
29. May 2007
5-29-07 by Court The New York Times outs the coal industry’s latest scheme to turn high gasoline prices into a giant subsidy for coal-to-liquid fuel. The industry argues our energy should be coming from Middle America not the Middle East, but take a close look at the greenhouse gas emission index. It’s questionable that coal [...]
Blog Post
Yes, Blame the Oil Companies
Posted by Judy Dugan
28. May 2007
05-28-07 by dugan The LA Times editorial page awaited me on return from a few days off, and it banished the glow of relaxation. “Don’t Blame Oil Companies” for high gasoline prices, said the editorial published Friday, calling the current outrage a “silly season for oil company bashers.” The reason for stratospheric prices, the editorial [...]
News Clipping
Price of gas fuels no outrage
27. May 2007
The San Diego Union-Tribune May 27, 2007 by Dean Calbreath Price of gas pumped up, but it fuels no outrage With the beginning of the summer driving season, hundreds of thousands of Southern Californians took to the road this weekend, turning vast stretches of freeway into some of the nation’s longest parking lots. Judging from [...]
Blog Post
Investor Revolt
Posted by Jamie Court
26. May 2007
5-26-07 by Court A group of powerful Exxon investors are leading a campaign to stop the reappointment of Public Issue Committee Chair Michael Boskin to the Exxon Board of Directors. Their complaint is that Boskin has consistently refused to meet with them on the issue of global warming despite the fact that he is [...]
News Clipping
Gouge gripes grow
25. May 2007
The Saginaw News (Michigan) May 25, 2007 by BARRIE BARBER, The Saginaw News Gouge gripes grow Motorists angry over the record high cost of fueling up have filed about 100 complaints a day with the state attorney general’s office. Attorney General Mike Cox says the state can do little to fend off high prices at [...]
Blog Post
The Ethanol Excuse
Posted by Jamie Court
25. May 2007
The New York Times reports that oil companies are using the political push to increase ethanol production as an excuse not to increase their refinery production The nation’s fuel supplies are so low that we have broken gas price records. The federal government is even recalculating inflation-adjusted gas prices to, depending upon how you look [...]
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- Why Is Gasoline Price Staying High?
- Wall Street Oil Speculators Hurt Families, U.S. Economy
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30. May 2007