Menu Close

Articles on ExxonMobil

Displaying 1 - 20 of 45 articles

ExxonMobil has been granted nearly $580 million in tax abatements in Louisiana since 2000. Barry Lewis/Getty Images

Louisiana governor makes it easier for companies to receive lucrative tax breaks that take money away from cash-strapped schools

Louisiana’s governor made it easier for companies to receive property tax breaks – and schools will likely pay the price.
Exxon Mobil Corp.’s campus in East Baton Rouge Parish, left, received millions in tax abatements to the detriment of local schools, right.

How tax breaks strangle American schools − billions of dollars that could help students vanish from budgets, especially hurting districts that serve poor students

An estimated 95% of US cities provide economic development tax incentives to woo corporate investors, taking billions away from schools.
Exxon Mobil Corp.’s campus in East Baton Rouge Parish, left, received millions in tax abatements to the detriment of local schools, right. Barry Lewis/Getty Images, Tjean314/Wikimedia

Students lose out as cities and states give billions in property tax breaks to businesses − draining school budgets and especially hurting the poorest students

An estimated 95% of US cities provide economic development tax incentives to woo corporate investors, taking billions away from schools.
Street flooding has become more common in parts of Honolulu. Eugene Tanner / AFP via Getty Images

More than two dozen cities and states are suing Big Oil over climate change – they just got a boost from the US Supreme Court

Honolulu, Baltimore, Charleston, S.C. and several other cities harmed by rising seas and extreme weather are suing the oil industry. At stake is who pays for the staggering costs of climate change.
From Alaska to Alabama, corporations spend money to shape their local business environments, resources and regulations. Douglas Rissing/ iStock / Getty Images Plus

Corporate spending in state politics and elections can affect everything from your wallet to your health

Businesses can spend huge amounts of money to influence Congress. But sizable lobbyist and campaign donations also go to state campaigns and lawmakers to influence policymaking.
Tesla CEO Elon Musk, shown at an electric vehicle factory, called ESG ratings ‘a scam’ after an index dropped Tesla. Maja Hitij/Getty Images

How a sustainability index can keep Exxon but drop Tesla – and 3 ways to fix ESG ratings to meet investors’ expectations

Sustainable investing’s credibility took a hit when the S&P 500 ESG index dropped the electric vehicle-maker but kept the oil giant. The SEC is now considering new disclosure rules.
The oil industry was aware of the risks of climate change decades ago. Barry Lewis/InPictures via Getty Images

What Big Oil knew about climate change, in its own words

Transcripts and internal documents show how the industry shifted from leading research into fossil fuels’ effect on the climate to sowing doubt about science.
Secretary of State Mike Pompeo with Guyana’s president, Mohamed Irfaan Ali, Sept. 18. Pompeo is the first U.S. secretary of state to visit the tiny South American country. AFP via Getty Images

Pandemic crushes Guyana’s dreams of big oil profits as ‘resource curse’ looms over oil-producing nations

Tiny Guyana hoped to see unprecedented wealth this year as ExxonMobil’s offshore wells began pumping out crude. Instead, it got a pandemic and political strife. Other oil states are struggling, too.
Protesters rally to have Colorado’s then-incoming governor put an up-to-nine-month moratorium on oil and gas development. Helen H. Richardson/The Denver Post via Getty Images

Money talks: Big business, political strategy and corporate involvement in US state politics

Millions of dollars are spent every election by corporations that want to influence state regulations and policies, and that’s likely to continue in the upcoming election.

Top contributors

More