 |
Louisiana Light • 1 day | 74.01 | -0.43 | -0.58% | ||
|
Bonny Light • 1 day | 75.64 | -0.92 | -1.20% | ||
|
Opec Basket • 1 day | 75.47 | -1.62 | -2.10% | ||
|
Mars US • 18 hours | 71.39 | -0.41 | -0.57% | ||
|
Gasoline • 10 mins | 2.634 | +0.070 | +2.73% |
|
Bonny Light • 1 day | 75.64 | -0.92 | -1.20% | ||
|
Girassol • 1 day | 77.94 | -0.93 | -1.18% | ||
|
Opec Basket • 1 day | 75.47 | -1.62 | -2.10% |
|
Peace Sour • 10 hours | 65.99 | -0.41 | -0.62% | ||
|
Light Sour Blend • 10 hours | 67.29 | -0.41 | -0.61% | ||
|
Syncrude Sweet Premium • 10 hours | 76.24 | -0.41 | -0.53% | ||
|
Central Alberta • 10 hours | 65.59 | -0.41 | -0.62% |
|
Eagle Ford • 1 day | 68.22 | -0.41 | -0.60% | ||
|
Oklahoma Sweet • 1 day | 68.25 | -0.50 | -0.73% | ||
|
Kansas Common • 1 day | 62.00 | +0.00 | +0.00% | ||
|
Buena Vista • 5 days | 76.40 | +1.64 | +2.19% |
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Exxon Could Be Stripped Of European Parliament Lobby Access
Exxon could lose its lobbying access to the European parliament after no company representative showed up at a hearing on climate change denial, the Guardian reports.
A member of the European parliament from the Green party has already submitted a request to ban the company.
“This is the company that denied the science, despite knowing the damage their oil exploitation was causing; which funded campaigns to block action on climate and now refuses to face up to its environmental crimes by attending today’s hearing. We cannot allow the lobbyists from such corporations free access to the corridors of the European parliament. We must remove their badges immediately,” Molly Scott Cato wrote in her request.
The company, however, said it was prevented from attending the hearing because of “ongoing climate change-related litigation in the US”. In a statement sent to the British daily, Exxon elaborated: “We reject the false allegation that ExxonMobil suppressed scientific research on climate change. News reports that claim we reached definitive conclusions about the science of climate change decades before the world’s experts are simply not accurate and have long since been debunked.”
Exxon has been targeted by environmentalists and other anti-oil groups at home, and just recently two municipalities in California—San Francisco and Oakland—renewed their fight to return their lawsuit against the supermajor and four other Big Oil companies to court.
San Francisco and Oakland are suing Chevron, Exxon, Shell, BP, and ConocoPhillips for selling oil products despite their knowledge of the effect these products had on the environment. Last week, they approached a federal appeals court with a request to reinstate their lawsuits against the Big Oil companies, which a U.S. District Judge dismissed last year.
In Europe, Exxon has spent more than US$35 million on lobbying at the European Parliament since 2010, according to figures from the Corporate Europe Observatory cited by the Guardian.
By Irina Slav for Oilprice.com
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Irina Slav
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
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The European Union is total hypocracy when it comes to environmental issues, specifically, abiding by the Paris Climate Agreement. Before the EU confronts any country or company, the EU need to look at their own performance as it relates to the environment, GHG's, and Global Warming. As per the article: "In 2017 US per capita CO2 emissions hit a 67 year low, thanks to the rise of shale gas, which misguided environmentalists and politicians are working ferociously to stop."
Data from a graph of 2017 CO2 emissions show that the U.S. actually reduced CO2 emissions by 42 million tons, while the EU during 2017 increased their CO2 emissions by 42 million tons.
Refer to the Graph of CO2 emissions from the cited article: https://static.seekingalpha.com/uploads/2019/2/22/47572571-15508541192005684_origin.png