Tag Archive | "ceo compensation"

Consumer Watchdog Exposes Koch Industries on Times Square Superscreen For Pollution, Tea Party Funding, and Climate Change Denial Using Coke Parody

Wednesday, October 13, 2010

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Consumer Watchdog Exposes Koch Industries on Times Square Superscreen For Pollution, Tea Party Funding, and Climate Change Denial Using Coke Parody

New York, NY -- A national consumer group is running a 30 second commercial on a Times Square Superscreen that challenges Koch Industries, "the largest oil company you've never heard of," for its record of environmental degradation, political influence, Tea Party funding and climate change denial.

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Study: Texas-Based Valero Gouging California Drivers For A Decade

Tuesday, October 12, 2010

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Study: Texas-Based Valero Gouging California Drivers For A Decade

Top Prop 23 Funder Doesn’t Want Greentech Competition To Get in Way of Profiteering Santa Monica, CA – A new report by Consumer Watchdog's OilWatchdog.org project finds that Valero Energy reaped over $4.5 billion in refining profit while gouging California motorists since it bought its second California refinery in 2002. The oil refining giant, which is also the largest funder of Proposition 23, averaged 37% higher margins on each barrel of oil it refined in California than at refineries it owns elsewhere in the country, according to data published in company financial reports.

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Hayward’s Golden Parachute Worth $18.5 Mil

Monday, July 26, 2010

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Hayward’s Golden Parachute Worth $18.5 Mil

Ahead of tomorrow’s anticipated release of BP’s second-quarter financial statements–and of the massive losses–BP is expected to appoint Managing Director Bob Dudley to replace Tony Hayward as CEO during tonight’s board meeting in London. Hayward is rumored to be leaving his post with $18.5 million–the equivalent of a year’s salary and a guaranteed pension. (On [...]

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Oil profits: Watch the other hand

Monday, January 26, 2009

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Oil profits: Watch the other hand

1-26-09 by dugan The major oil companies will be reporting their 4th quarter 2008 and annual profits this week, and here’s a safe prediction: They’ll lean on the drop in their 4th quarter profits as the price of oil tumbled, glossing over the fact that most or all of them will reap another year of [...]

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Auto Bailout’s Big, Bad Sticks

Friday, December 19, 2008

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Auto Bailout’s Big, Bad Sticks

12-19-08 by dugan   Do I have this right? A giant financial/insurance company, AIG, gets two taxpayer bailouts totaling $150 billion, no strings attached, which does zero to help distressed homeowners or the frozen credit markets. Then today, the White House grudgingly agrees to an auto industry bailout of barely over one-tenth what AIG got [...]

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Exxon, Shell Post Record Profits

Thursday, October 30, 2008

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Exxon, Shell Post Record Profits

Exxon, Shell Profit Records Cap an Orgy That Weakened U.S., World Economies, Says Group ‘Consumers Now Know Where Their Money Went’; Congress, White House Must Prevent a Repeat of Costly Energy Bubble CONTACT: Judy Dugan, 213-280-0175 (cell); or Tim Hamilton, 360-495-4941 October 30, 2008 Santa Monica, CA — ExxonMobil’s $14.8 billion third-quarter profit reports clears [...]

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Gold medal in greenwash

Sunday, August 17, 2008

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Gold medal in greenwash

8-17-08 by dugan Watching ExxonMobil’s ad blitz on NBC during the Olympics, you’d think it was a company dedicated to teaching science, mentoring young engineers and eradicating malaria in the Third World.  At an estimated $750,000 per 30-second spot, its 2.5 minutes of ads on Day 1 cost $3.75 million. At that pace the full [...]

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“Pickens Plan” already profitable

Tuesday, July 22, 2008

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“Pickens Plan” already profitable

7-22-08 by dugan I’ve been suspicious of oilman T. Boone Pickens’ new campaign for wind power and natural gas vehicles, partly because it looked like he’d be profiting on the backs of California taxpayers by way of a November ballot initiative. It turns out Pickens won’t have to wait that long. Thanks to the alert [...]

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No new refineries? Here’s why

Friday, July 11, 2008

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No new refineries? Here’s why

7-11-08 by dugan I’ve heard many an oil executive say their company would be glad to build new refineries, but the government/the environmentalists won’t let it happen. President Bush has called for dumping environmental regulation to help build more refineries. But Shell Oil’s abrupt cancellation of a huge new refinery in Sarnia, southern Ontario, tells [...]

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Copy-Machine Oil Hearings

Thursday, May 22, 2008

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Copy-Machine Oil Hearings

5-22-08 by dugan     Watching the same pack of oil executives troop to the House of Representatives today and the Senate yesterday was mostly a deja vu experience. The execs’ canned testimony was from the same outline they used earlier this year and in 2005 and 2006 hearings–high prices aren’t our fault; everything will [...]

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Brits’ Cold Shoulder to Exxon

Monday, May 19, 2008

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Brits’ Cold Shoulder to Exxon

8-19-08 by dugan The shareholder revolt against Exxon is going global. Four big institutional investors in Britain have joined a shareholder resolution demanding that Exxon have an independent chairman of the board, and the new support should bring the chance of passage to about 50-50. Currently, the chairman title is just another perk for CEO [...]

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Happy, Happy Days for Oil

Friday, April 11, 2008

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Happy, Happy Days for Oil

4-11-08 by dugan     Maybe you can only afford to fill your gas tank halfway these days, but I’m sure Big Oil is thanking you. A Bloomberg survey of the profit landscape looks like an economic refugee zone, until the very end: "Energy companies led the quarter’s winners… Earnings of the group probably rose [...]

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Chevron’s Water Fight

Tuesday, March 4, 2008

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Chevron’s Water Fight

3-04-08 by simpson A California Public Utilities Commission staff report recommends a whopping 89.7 percent rate increase for a Chevron-owned water company serving the tiny hamlet of Casmalia.  Not as outrageous as the 138 percent increase the company asked for, it still threatens the town’s existence. The PUC proposed hike would mean an average $217 [...]

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