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Newsletter
Climate activists criticize Exxon Mobil’s presence at DNC event
Progressive climate groups condemned Exxon Mobil's participation in a side event at the Democratic National Convention, calling it a dangerous normalization of fossil fuel interests.
In short:
- Friends of the Earth, Climate Hawks Vote and Oil Change U.S. protested Exxon Mobil's sponsorship of a DNC side event.
- Four protesters disrupted the event, criticizing Exxon Mobil’s role in climate change and its influence on the energy transition.
- The activists emphasized that Exxon’s involvement undermines the Democratic Party's climate goals.
Key quote:
“I’m a Democratic National Committee member, and I am here because Exxon lied and people died.”
— RL Miller, the political director of Climate Hawks Vote
Why this matters:
Fossil fuel companies’ involvement in political events like the DNC may hinder climate progress by lending legitimacy to industries that contribute heavily to climate change. This tension reflects the ongoing struggle within the Democratic Party over how to address climate policy.
Related: Azerbaijan seeks contributions from fossil fuel producers for new climate fund
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Newsletter
Big oil companies report soaring profits and increased production
Major oil companies like Exxon Mobil, Shell and BP reported higher-than-expected profits due to increased oil and gas production, while Chevron's earnings fell short because of its refining business.
In short:
- Exxon Mobil achieved a 15% increase in second-quarter production thanks to record outputs in the Permian Basin and Guyana, while Chevron announced it will relocate its headquarters to Houston.
- ConocoPhillips is advancing its Willow oil project in the Arctic, despite opposition, with expectations of producing 180,000 barrels per day by 2029.
- Shell and BP face criticism from environmental groups for shifting away from renewables and prioritizing short-term shareholder profits from fossil fuels.
Key quote:
“It is shameful that Shell…continues to reap billions in profits off the back of its planet-wrecking oil and gas operations.”
— Chiara Liguori, senior climate justice policy adviser for Oxfam Great Britain
Why this matters:
The oil companies' focus on fossil fuel production over renewable energy investments could hinder global climate goals. This trend underscores the tension between corporate profit motives and environmental responsibility.
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Newsletter
Exxon Mobil plans to produce lithium in Arkansas
The move is the oil giant’s first foray in the production of a metal vital for electric vehicle batteries.
Top Story
Oil giants, after surge in profits, are wary about spending
Economic and military uncertainty clouds the outlook for Exxon, Chevron and other energy companies, whose bonanza from high prices is already fading.
Newsletter
Oil executives privately contradicted public statements on climate, files show
The documents, subpoenaed in a House investigation of climate disinformation, show company leaders contravening industry commitments.
Opinion: Subsidies in the climate bill keep oil and gas alive
Clean power from carbon capture and storage died with the success of renewable energy. It’s time to bury this technology deep underground.
Oil giants sell dirty wells to buyers with looser climate goals, study finds
The transactions can help major oil and gas companies clean up their own production by transferring polluting assets to a different firm, the analysis said.
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