Read the latest insights and analysis from the experts at Oil Change International.
Oh Rex, what a tangled, convoluted web you weave. You have so many investments that you cannot possibly operate without a conflict of interest, if you become Secretary of State. You will be a walking disaster zone waiting to happen.
Later today, the 538 members of the Electoral College will meet to determine who will be the next President of the US.
Rex Tillerson’s efforts to paint a picture of moderation amount to nothing more than a ruthless public relations campaign to curry favor in the media. Meanwhile he has pursued a reckless path of continued oil and gas development in order to continue making as much money as possible for himself and his company, regardless of the consequences.
When sanctions were placed on Russia, Exxon left behind the potential to produce billions of barrels of oil. Secretary of State appointee Rex Tillerson could be in a position to secure that prize for Exxon.
To everyone keeping score at home, you can mark this up as Putin’s payback for election intervention. The nomination of Rex Tillerson has revealed with startling clarity that our government is being set up to support the interests of Big Oil and Putin, not the American people or the planet. Now more than ever, we demand a Separation of Oil and State.
The news from over the weekend that President-elect Donald Trump is expected to nominate Rex Tillerson, the chairman and chief executive of Exxon, the world’s largest private oil company as Secretary of State, is a clear sign that we face an unprecedented battle against the environmental movement in the years to come.
The world’s largest listed oil company, Exxon, announced on Friday it was going to have to cut its reported proved reserves by just under a fifth. It is the biggest reserve revision in the history of the oil industry.
Earlier this week it was announced that we had entered a new era of “climate change reality”, with scientists warning that carbon dioxide has permanently passed the symbolic threshold of 400 ppm.
“The American people will wake up tomorrow morning shaking their heads when they learn that a small group of radical Republican house members is trying to block a serious law enforcement investigation of potential fraud at Exxon.”
The famous quote attributed to Benjamin Franklin is that "In this world nothing can be said to be certain, except death and taxes”. Another certainty is that you know that the top executives of controversial companies absolutely hate the one day in the year that they are accountable to their shareholders: the AGM.
