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As the United Nations negotiations moved into a third day, the world’s biggest oil explorer said in an blog post that it supports “meaningful action to address the risks of climate change” as long as it preserved access to the reliable and affordable energy.
Attorney General Eric T. Schneiderman has subpoenaed documents from Exxon Mobil following reports the oil giant funded — and then suppressed — research exposing the risks of climate change decades ago.
The company’s pushback comes amid mounting calls for a federal investigation of the issue, with Democratic presidential candidates and lawmakers calling for a Big Tobacco-style racketeering case.
Oil and gas will provide the bulk of the energy needed to fuel the world by 2040, with most of it coming from North America, Russia and the Middle East, Exxon Mobil predicted Thursday.
The oil and gas industry’s top trade groups doggedly insist that Congress must completely scrap a federal mandate that forces gasoline makers to blend in ethanol and other renewable fuels. But not all oil companies are on board.
The oil and gas industry on Thursday stepped up its fight for natural gas exports and criticized a new coalition of manufacturers that wants to restrict foreign sales of the fossil fuel.
Forget “energy independence.” Now the new catchphrase in the nation’s capital is “energy security.”
Natural gas and nuclear power could help meet a surging demand for electricity across the globe over the next three decades as growing environmental concerns and costs start to price coal out of the market, Exxon Mobil predicted today.
An Exxon exec cries foul about a New York Times editorial that painted oil companies as spoiled crybabies, whining about a plan by Senate Democrats to repeal a host of industry tax breaks.