Exxon Mobil (XOM) is not known for its environmental record. Indeed, many environmentally-friendly investors feel that Exxon could be doing much more in terms of alternative energy investment. And, interestingly, that is what XOM has been doing the past three decades. XOM just hasn't been doing it in an area where we usually think to…
Photo:standox11, Creative Commons, Flickr As oil prices rise, so does Exxon's budget.
Will the House bill repealing Big Oil tax breaks really go through?
Higher gas prices mean households cut back on other spending.
The wind power industry continues to expand at a relentless pace across the globe with no decline in the foreseeable future. Indeed, since 1998, the installed global capacity of wind power went from 7,475 MW to 93,849 MW, or a ten-year CAGR of 28.8%. The United States has not remained on the sidelines during this era, and at…
Exxon (XOM) and ConocoPhillips (COP) are partners in the effort
Photo:whatatravisty, Creative Commons, Flickr Oil prices rise and oil stocks reap the benefits.
How oily are the presidential candidates?
Photo:thinkpanama, Creative Commons, Flickr If the first 7 weeks of this year have been recessionary, how has SRI fared in this climate?
Are biofuels just as harmful as fossil fuels?
Green energy is not considered essential to the economy.
Last week, S&P (of '500' fame) announced the launch of the first socially responsible India index, the S&P Environmental Social and Governance India Index. According to the KLD press release, the ESG India Index is "the first investable index of companies whose business strategies and performance demonstrate a high level of commitment to meeting ESG standards" in…
XOM fights Chavez and scores a victory.
Despite lower profits, BP is seeing rise in stock price.
On Jan. 19, the U.S. House of Representatives passed an energy bill that removed tax breaks for Big Oil. It also mandated the renegotiation of the 1998-1999 Gulf of Mexico oil and gas leases, some of which had mysteriously omitted a clause requiring leaseholders to pay royalties when oil prices exceeded $36 a barrel. Oil…
This morning Exxon Mobil (XOM) reported on its quarterly 2007 profits. While many oil companies moaned about rising oil prices, Exxon proved that $90 a barrel oil (and above) is not a bad thing for Big Oil profits. MarketWatch reports on the record profits for Exxon: Exxon Mobil on Friday reported its most lucrative quarter…
On Monday night, President George W. Bush gave his seventh and final State of the Union address (eighth if you count the inauguration speech back in 2001). But before I continue, I would like to issue the disclaimer that this weblog is not designed to be an in-depth critique of our president's speech. There are plenty of other…
Petroleum production gives Hess Oil a boost.
A volatile stock market and recession worries are affecting oil prices — and Big Oil stock.
Photo:quitepeculiar, Creative Commons, Flickr Tax rebate likely won't lead to lower gas prices.
Rainforest Action Network (RAN) reports that 59 proposed coal-fired power plants have been cancelled or shelved in the past year. Both RAN and Coal Moratorium NOW! have been calling for a moratorium on the construction of new coal-fired power plants through education, grass roots organizing and non-violent direct action, such as the National Global Warming Teach-In on January 31, 2008.
A U.S. recession could mean trouble for Big Oil.
SEC considers rules change for reporting oil sands value.
Photo:Mrs.McD, Creative Commons, Flickr Big Oil likely to see big profits. Again.
I fondly remember the first (and only) time I went to the International Auto Show in Detroit. On that blustery Saturday morning in January 1997, I had recently begun my last semester of college and I was lamenting with a couple of friends about how we had never been to the largest and most famous auto show in…