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Economy & Business

Exxon Opposes Request to Take Moral Responsibility for Climate Change

"Oil giant ExxonMobil moved to reject a shareholder proposal calling for the company to assert moral leadership on climate change and pledge to work toward limiting global warming to 2 degrees Celsius or less."

Source: InsideClimate News, 02/05/2016

Fossil Fuel Super PAC Gifts Came Before Congress Ended Oil Export Ban

"A handful of the biggest oil and gas companies and their CEOs poured millions into a super PAC created to boost the election of Senate Republicans as the industry made a successful lobbying effort to repeal the 40-year-old ban on oil exports."

Source: Huffington Post, 02/04/2016

"Peabody Coal Clean-Up Protections Questioned In Illinois"

"ST. LOUIS — A Midwest environmental group is questioning the ability of the country's largest coal producer to guarantee it has enough money for future cleanup of its Illinois mines, and it's threatening to sue the state if regulators don't change their approach."

Source: AP, 02/04/2016

"S.E.C. Is Criticized for Lax Enforcement of Climate Risk Disclosure"

"As recently as 2011, shares in Peabody Energy, the world’s biggest private sector coal company, traded at the equivalent of $1,000. Today, they hover around $4 each. Over that time, investors who held the stock lost millions."

Source: NY Times, 02/02/2016

"Ethanol Mandate, a Boon to Iowa Alone, Faces Rising Resistance"

"AMES, Iowa — Tim Recker has been growing corn in this state his whole life, and using his crops to make ethanol almost as long, at first by the jar for his trucks, now by the barrel for the nation. That is in large part because Congress in 2005 mandated that oil refiners blend ethanol into gasoline."

Source: NY Times, 02/01/2016

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