Word: exxonmobil
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Dates: during 2000-2009
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...None of this is welcome news for oil companies, of course. While they're still raking in billions in profits, the stock prices of the majors, from ExxonMobil to Chevron, have declined in recent weeks, since lower oil prices will invariably translate to lower corporate revenues. The silver lining: oil companies may be able to cut their costs by spending less for field services and drilling projects, helping shore up their bottom lines. "When pricing is weaker you tend not to get as aggressive with drilling," Haas says. Nonetheless, she adds, "it will be a challenging year" for the industry...
...when it is extremely weak and not fully sovereign," says Greg Muttitt, co-director of Platform, a watchdog organization in London that monitors the oil and gas industries. "The U.S. has put a lot of effort into this." But it's not certain that U.S. or British majors like ExxonMobil or BP will be the first big benefactors. Both China and India signed exploration deals with Saddam before the war, which remain in effect...
...American Chemistry Council (ACC), which represents manufacturers such as ExxonMobil and Dow Chemical, says the crackdowns on toys are not justified by the science. "The E.U. aims to ban products that show adverse effect at very high doses in rats," says the ACC's Marian Stanley. "Many essential products are made from starting materials that can be quite toxic at high doses. This does not mean that the final consumer products are toxic." As for recent phthalate studies on humans, she says, they are either preliminary or "overhyped." Meanwhile, toy companies are relying on a 2001 review by a Consumer...
...Prudential, Travelers and AIG are heavy investors in businesses that are believed to contribute to global warming. A 2000 report by Friends of the Earth on the investment portfolios of Britain's top insurance companies, for instance, found they invested heavily in such global oil and mining companies as ExxonMobil, Elf Aquitaine and Rio Tinto...
...insurers are heavily invested in those businesses that are believed to be the biggest contributors to global warming. A 2000 report by Friends of the Earth on the investment portfolios of the U.K.'s top insurance companies found they invested extensively in global oil and mining companies such as ExxonMobil, Elf Aquitaine and Rio Tinto. "There's a real disconnect between the investment side and the acknowledgment of climate change," says Matthew Arnold, who tracks the U.S. insurance industry as a director of consultants Sustainable Finance. Insurers, however, insist that that's changing. With the growth of carbon-trading markets...