35 Burst results for "Exxon"

Experts weigh in on what's causing record-high gas prices across the country

AP News Radio

00:38 sec | 2 weeks ago

Experts weigh in on what's causing record-high gas prices across the country

"Americans are paying record high gas prices and President Biden is telling oil refiners to take action In a letter to 7 refiners the president calls on them to produce more gas and diesel and work with his administration on near term solutions The president writes Russia's Ukraine war is mainly to blame for high gas prices but he's also essentially accusing refiners of taking advantage noting their profits have tripled Last week he called out ExxonMobil in particular Exxon made more money than God this year The company says it's already told the administration of plans to boost oil producing

President Biden Ukraine Russia Exxonmobil Exxon
Sarah Palin: It's Ridiculous We're Relying on Energy From Our Enemies

The Dan Bongino Show

01:45 min | Last month

Sarah Palin: It's Ridiculous We're Relying on Energy From Our Enemies

"So these environmental arguments are really not serious They're not really about the environment They're just about starving the country of energy Yeah absolutely That's the purpose of what the administration is doing They want any solutions otherwise obviously they would be able to empower enable open up the land for responsible use and instead like I said we're relying on dirty dangerous persons that energy even from our enemies and that's ridiculous So yeah there have been issues nothing's perfect about oil industry up here But when things haven't been perfect for instance when I was governor I see big oil in order to have them be responsible for any of the missteps that they've taken like the Exxon values oil still known They better pay up in food quite hard to make sure that they paid up in a destination of some fishery up here but that was decades ago and yeah since then for instance I mean listen to this Recently Biden came into Alaska and decided to close down 1 million acres in our cook inlet where we drilled for oil There has not been a drop build in cooked in life The workers are safe the environment is safe And yet just recently we shut down a million acres so we came to the floor in there and drill with existing roots roughly and we all stood up Should be honest A governor governor you and a UFC match or something the connections not that great You're bouncing around You're not knocking out someone right now are you

Cook Inlet Biden Alaska
Jenna Ellis: Disney's Right to Freedom of Speech Without Retaliation

The Dan Bongino Show

01:39 min | 2 months ago

Jenna Ellis: Disney's Right to Freedom of Speech Without Retaliation

"Think a lot of the reasons that Friends of mine and you're my friend too that's why I value your opinion Have an objection to your stance on it is why would you err in a clearly an opinion based matter to be litigated on the side of Disney saying well this was retaliation knowing Florida could have done it just a few months later anyway right Why would we give them that benefit of the doubt when no such benefits have ever been given to us I mean I think about ESG scoring how that's a way right now for the government through the SEC to silence the free speech rights of Exxon Now I know you'll say well we should defend Exxon too Yeah but we're not That's the point So that opens up I got about a minute left but that goes back to my original point It's not a constitution if only one side has to follow it And that's exactly my point is that it's not a constitutional protected right in practice if only one side has to follow it So my point is that Disney has a right to exercise freedom of speech and opposed litigation without retaliation That is my point Now whether or not they can prove in court that Florida did retaliate I think it's a pretty clear case but that's the litigation question The distinction here is that people are saying they don't have a right to exercise their free speech and toward a should retaliate for that speech What I'm suggesting I'm not saying that they can't litigate over it You can litigate over anything What I'm saying is that Disney like everybody else has a right to exercise free speech without government retaliation That is very clear in the constitution Be great if we had that right too That'd be pretty spectacular Well listen And

Exxon Disney Florida SEC
House panel grills big oil over prices at the pump

AP News Radio

00:59 min | 3 months ago

House panel grills big oil over prices at the pump

"I'm I'm I'm I'm Julie Julie Julie Julie Walker Walker Walker Walker big big big big oil oil oil oil defense defense defense defense high high high high fuel fuel fuel fuel prices prices prices prices as as as as a a a a house house house house subcommittee subcommittee subcommittee subcommittee grills grills grills grills top top top top executives executives executives executives about about about about record record record record profits profits profits profits and and and and prices prices prices prices at at at at the the the the pump pump pump pump democratic democratic democratic democratic representative representative representative representative Frank Frank Frank Frank pallone pallone pallone pallone who who who who chairs chairs chairs chairs the the the the house house house house energy energy energy energy and and and and commerce commerce commerce commerce committee committee committee committee accuses accuses accuses accuses big big big big oil oil oil oil of of of of lining lining lining lining their their their their pockets pockets pockets pockets with with with with one one one one hand hand hand hand and and and and taking taking taking taking thirty thirty thirty thirty billion billion billion billion in in in in taxpayer taxpayer taxpayer taxpayer subsidies subsidies subsidies subsidies what what what what the the the the other other other other American American American American people people people people are are are are getting getting getting getting ripped ripped ripped ripped off off off off as as as as these these these these companies companies companies companies could could could could choose choose choose choose to to to to keep keep keep keep production production production production low low low low so so so so that that that that their their their their own own own own profits profits profits profits stay stay stay stay high high high high but but but but Republican Republican Republican Republican representative representative representative representative Cathy Cathy Cathy Cathy McMorris McMorris McMorris McMorris Rodgers Rodgers Rodgers Rodgers called called called called the the the the hearing hearing hearing hearing political political political political president president president president Biden Biden Biden Biden needs needs needs needs cover cover cover cover for for for for his his his his war war war war on on on on American American American American energy energy energy energy that that that that is is is is because because because because gas gas gas gas prices prices prices prices to to to to skyrocket skyrocket skyrocket skyrocket the the the the heads heads heads heads of of of of Exxon Exxon Exxon Exxon and and and and shell shell shell shell stressed stressed stressed stressed they they they they don't don't don't don't set set set set fuel fuel fuel fuel prices prices prices prices Exxon Exxon Exxon Exxon CEO CEO CEO CEO Darren Darren Darren Darren woods woods woods woods no no no no single single single single company company company company says says says says the the the the price price price price of of of of oil oil oil oil or or or or gasoline gasoline gasoline gasoline the the the the market market market market establishes establishes establishes establishes the the the the price price price price based based based based on on on on available available available available supply supply supply supply and and and and the the the the demand demand demand demand for for for for that that that that supply supply supply supply the the the the six six six six companies companies companies companies at at at at the the the the hearing hearing hearing hearing testified testified testified testified they they they they recorded recorded recorded recorded seventy seventy seventy seventy seven seven seven seven billion billion billion billion in in in in profits profits profits profits last last last last year year year year combined combined combined combined I'm I'm I'm I'm Julie Julie Julie Julie Walker Walker Walker Walker

Julie Julie Julie Julie Walker Walker Walker House House House House Subcom Frank Frank Frank Frank Pallon House House House House Energy Cathy Cathy Cathy Cathy Mcmorr Mcmorris Mcmorris Mcmorris Rodgers Rodgers Rodgers Rodgers Biden Biden Biden Biden American American American Ame Walker Exxon Exxon Exxon Exxon Shell Shell Exxon Exxon Exxon Ceo Ceo Ceo Ceo Darren Darren Darren Darren Woods Woods Wood Julie Julie Julie Julie Walker
Conservative Enterprise Institute's Myron Ebell on Biden's Oil Plans

The Doug Collins Podcast

02:06 min | 4 months ago

Conservative Enterprise Institute's Myron Ebell on Biden's Oil Plans

"Well, let's start off here. The hot topic right now is the leadership from behind the Biden administration has finally made it to the fact that they say we're not going to take Russian oil. We're not going to buy Russian oil right now. We had already seen that happening from shale BP, Exxon and others. Tell our listeners what that really means and then we'll expand from there because I want them to understand really the effects of this right now and how the Biden administration is using that. I think there are pluses and minuses, the fact is that Russia is the world's largest exporter of oil and gas and it produces about 7, 7 and a half million barrels a day. Some of that goes by pipeline to China, but two and a half million barrels has been out on the market and shipped by tankers. So removing those two and a half million barrels from the market is that what's happening or is the U.S. just saying it's not going to buy oil from a tanker that has Russian oil in it, but we're going to buy oil that would otherwise be going someplace else, but is now being replaced by Russian oil. So there's questions about this band. If everybody bans Russian oil, then that will remove a lot of oil from the world market and it will have to be replaced or we're going to see even higher oil prices. So there are a lot of things to try to game out here about how this is going to work because there is some spare capacity in the world oil production system. Some of it's in the United States. Some of it is in Saudi Arabia, some of its United Arab Emirates. So President Biden instead of talking to the American oil industrial and saying, hey guys, I made some mistakes. Let's sit down and see what you can do to increase production. Instead he called Saudi Arabia who wouldn't take his call because they're angry about the cell up to in the Iran

Biden Administration Exxon BP Russia United States China President Biden Saudi Arabia United Arab Emirates Iran
Washington Free Beacon: Biden Pressured Oil Execs to Decrease Output

Mark Levin

01:46 min | 4 months ago

Washington Free Beacon: Biden Pressured Oil Execs to Decrease Output

"When the Washington free Beacon one of the great sights Despite reassurances from The White House that it is doing nothing to discourage oil companies from opening new drill sites President Joe Biden's allies in Congress just months ago pressured oil executives did decrease outputs Because of climate change raising questions about the Democrat party strategy to lower prices for consumers I might add That they're slip and fall ambulance chasing hate America lawyers have done the same thing They sue them bring civil suits stockholder shoots suits class action suits In order to try and force them to adopt quote unquote climate change policies In late October for example the House oversight and reform committee controlled by the Democrats of course Called in the CEOs of Exxon BP shall and Chevron To explain what steps they're taking to produce less oil and less scarce With representative Hank Johnson Democrat of Georgia nitwit alleging that quote the world can't wait any longer At the time gas prices were hovering around a ten year high This October Meanwhile Biden said this week that his administration's policies are not holding back domestic energy production echoing comments from press secretary Psaki who said that federal policies aren't limiting the supplies of oil and gas before mentioning thousands of unused pre approved oil and gas drilling leases

President Joe Biden House Oversight And Reform Com Democrats Of Course Called Exxon Bp Democrat Party White House Washington Congress Hank Johnson Chevron America Psaki Georgia Biden
 Dozens of protesters killed in Kazakhstan; 12 police dead

AP News Radio

00:48 sec | 6 months ago

Dozens of protesters killed in Kazakhstan; 12 police dead

"Authorities authorities in in Kazakhstan Kazakhstan say say dozens dozens of of protesters protesters have have been been killed killed in in attacks attacks on on government government buildings buildings in in the the capital capital one one of of the the dead dead offices offices was was found found beheaded beheaded the the state state news news channel channel has has reported reported police police saying saying there there were were tens tens to to storm storm buildings buildings in in all all Monty Monty overnight overnight and and dozens dozens of of attacks attacks because because liquidated liquidated they they say say the the reported reported attempts attempts to to storm storm the the buildings buildings came came off off to to widespread widespread unrest unrest in in the the city city on on Wednesday Wednesday including including seizure seizure of of the the mails mails building building which which was was set set on on fire fire the the news news channel channel sites sites the the city city commander's commander's office office the the saying saying well well over over three three hundred hundred law law enforcement enforcement officers officers were were injured injured in in addition addition to to those those killed killed because because Exxon Exxon is is experiencing experiencing the the worst worst street street protests protests the the country country has has seen seen since since gaining gaining independence independence I'm I'm Charles Charles Taylor Taylor this this month month

News News Channel Channel Kazakhstan Monty Monty Exxon Exxon Charles Charles Taylor Taylor
 US says oil, gas sales damage climate — but won't stop them

AP News Radio

00:47 sec | 8 months ago

US says oil, gas sales damage climate — but won't stop them

"A congressional committee wants to know whether the oil industry concealed evidence about the dangers of climate change the house oversight committee issued subpoenas to chevron shell BP America Exxon Mobil the American petroleum institute and the U. S. chamber of commerce this follows a hearing last week in which top oil executives denied that they deliberately misled the public about the risks of global warming several lawmakers compared last week's hearing to a session with tobacco executives who once famously testified they didn't believe nicotine was addictive the committee's chair Democrat Carolyn Maloney says the companies have not turned over documents they need Republicans on the committee accused Democrats of partisan theater ExxonMobil CEO Darren woods testified that his company's public statements on climate have always been truthful fact based inconsistent with mainstream climate science Jennifer

House Oversight Committee Chevron Shell Bp America Exxon U. S. Chamber Of Commerce Congressional Committee American Petroleum Institute Carolyn Maloney Darren Woods Exxonmobil Jennifer
Rep. Byron Donalds Accuses Democrats of Rank Intimidation Against Oil Companies

Mark Levin

01:32 min | 8 months ago

Rep. Byron Donalds Accuses Democrats of Rank Intimidation Against Oil Companies

"But Byron donalds is a congressman from around Naples the Naples area of Florida Is an African American I saw him on TV once I thought he was superb and I brought him on life liberty and levent He said really good guy Turns out he's been listening to me on the radio for years And since we've had him on he's been all over Fox Why Because the other host know a great guest when they see one On my show of course And anyway so Byron donalds was at this hearing yesterday and he had had enough He heard this crap And here's what he had to say cut 12 go First of all to the witnesses the leaders of Exxon Chevron BP shell I know that the climate activists and Twitter world which Dave Chappelle says doesn't exist and he's right because it's just people who have nothing better to do with type on your keyboards And we do it too here in Congress But let's be very clear you need an apology because what I witnessed today was just rank intimidation by the chair of this committee Trying to get you to pledge on what you're going to spend your money on is a gross violation of the First Amendment And just because we're members of Congress and we got microphones and we passed laws does not mean that we also have the ability to infringe on your ability to what to organize whether it's API or anybody else or what you choose to spend your money on It is

Byron Donalds Naples Levent Exxon Chevron Bp Dave Chappelle Florida FOX Congress Twitter
"exxon" Discussed on What Next | Daily News and Analysis

What Next | Daily News and Analysis

06:43 min | 1 year ago

"exxon" Discussed on What Next | Daily News and Analysis

"Org lawrence. Carter is a bit of a ghost. I went looking for a picture of you online before we spoke the i couldn't find one and i had to wonder if that was intentional thighs. Intentional lawrence works greenpeace uk but he's an investigative journalist and he's not afraid to call his latest reporting a sting operation cup of staying undercover investigation. No precious about what we call it. you can call this thing. This sting was focused on exxon mobil. One of the largest oil companies in the world posing as a head hunter lawrence lured to men who'd worked as big oil lobbyists into zoom meetings. Then he pressed record. Did we aggressively bites some of the science yes. It's eerie to look at this footage lawrence obtained in the same anodyne zoom rooms. All of us have been working in over the last year and a half. We see these lobbyists admit to political maneuverings both basic and shocking to join some of these shadow groups to work against Some of the early efforts. Yes that's true but there's nothing. There's nothing illegal about that over hours of conversation. The lobbyists reveal that even a position that seems environmentally. friendly like support of a carbon tax. Might be nothing more than a stalling tactic. Nobody is willing to to pose a task. All americans it in the cynical side of me says yeah we kind of know that but it gives us a talking point so we can say what is moving forward for a carpenter. Now it's not it's not gonna carbon is going to happen. It's a way in which they can claim to be full action on climate change. Whilst opposing regulations proposed by the biden administration. Oh previously the obama administration the would actually achieve near to cuts to Greenhouse gases they instead hide behind this fig leaf of cotton socks which they know will never happen lawrence says his goal was to get exxon employees to talk about the ways of twisted science and politics in order to stay in business in a way. What he recorded is exactly what he expected. I'm shocked but mall surprised if what these lobbyists told. You is kind of expected behavior in american politics or predictable. I wonder why you think it was worth uncovering it anyway and going to such lengths to do it. Because i suppose cynical you kind of you do kind of notice going on. But the key thing is the company's continues to deny that they're doing this and so we felt that it would be a powerful thing that would be in the public interest to go undercover and see walk. Lobbyists company actually said when they didn't think they were speaking in public today on the show as congress tries to figure out how and whether to address climate change. This investigation underscores why progress seems to be stalling out a mary harris. You're listening to what next stick around. This episode is brought to you by progressive. Saving money on your car. Insurance is easy with progressive. It's an average savings of over seven hundred fifty dollars per customers who switch and save in fact. Customers can qualify for an average of six discounts on their auto policy with progressive including discounts. Just for starting a quote online or having multiple vehicles on your policy get your quote online at progressive dot com. And see how much you could be. Saving national annual average on savings by new customers surveyed in two thousand nineteen potential savings will vary discounts vary are not available in all states and situations. Lawrence carter had very specific reasons for wanting to zero in on exxon mobil in particular. Unlike a lot of other companies he says exxon uses trade associations to cloak the way they operate in dc. That means there isn't much on the record about what the company's been advocating for chirp their press releases saying exxon supports the paris climate agreement but lawrence wanted to know what the company stood for behind the scenes if to know submit. A bunch of information requests go through the regulatory filings spitzer usual sources diet. Talk to and get to the bottom of what the company has been up to in lobbying on climate policy. Then we would have done that because there's a lot more straightforward lot less resource intensive and essentially the same result. But what we found was the they were not leaving that kind of usual trice of that lobbying activity on so we felt there was strongly in the public interest to go undercover and gets the bomb of it. The process of getting to the bottom of exxon's lobbying strategy with an undercover sting was a little mundane. Lauren says he launched straight into creating a false persona for example is way more boring than that. I'm afraid so you're not like putting on prosthetics and it's not exciting. Well you know waiting into the kind of aspect of the investigation of the stock because you'll spending law of time building up a strong kind of evidential basis vote. Why it's in the public interest on the cover are now in the us. It's not really in the journalistic toolkit in the us. No.

lawrence Org lawrence hunter lawrence exxon mobil biden administration obama administration exxon Carter mary harris Lawrence carter uk congress spitzer dc paris Lauren us
"exxon" Discussed on Trumpcast

Trumpcast

06:43 min | 1 year ago

"exxon" Discussed on Trumpcast

"Org lawrence. Carter is a bit of a ghost. I went looking for a picture of you online before we spoke the i couldn't find one and i had to wonder if that was intentional thighs. Intentional lawrence works greenpeace uk but he's an investigative journalist and he's not afraid to call his latest reporting a sting operation of staying undercover investigation. No precious about what we call it. you can call this thing. This sting was focused on exxon mobil. One of the largest oil companies in the world posing as a head hunter lawrence lured to men who'd worked as big oil lobbyists into zoom meetings. Then he pressed record. Did we aggressively bites against some of the science. Yes it's eerie to look at this footage lawrence obtained in the same anodyne zoom rooms. All of us have been working in over the last year and a half. We see these lobbyists admit to political maneuverings both basic and shocking to join some of these shadow groups to work against Some of the early efforts. Yes that's true but there's nothing. There's nothing illegal about that over hours of conversation. The lobbyists reveal that even a position that seems environmentally. friendly like support of a carbon tax. Might be nothing more than a stalling tactic. Nobody is waiting to to pose a task. All americans it in the cynical side of me says yeah we kind of know that but it gives us a talking point so we can say what is moving forward for a carpenter now. It's not it's not gonna carbon isn't going to happen. It's a way in which they can claim to be full action on climate change. Whilst opposing regulations proposed by the biden administration. Oh previously the obama administration the would actually achieve near to cuts to Greenhouse gases they instead hide behind this fig leaf of cotton socks which they know will never happen lawrence says his goal was to get exxon employees to talk about the ways of twisted science and politics in order to stay in business in a way. What he recorded is exactly what he expected. I'm shocked but mall surprised if what is lobbyists told. You is kind of expected behavior in american politics or predictable. I wonder why you think it was worth uncovering it anyway and going to such lengths to do it. Because i suppose cynical you kind of you do notice going on. But the key thing is the company's continues to deny that they're doing this and so we felt that it would be a powerful thing that would be in the public interest to go undercover and see walk. Lobbyists company actually said when they didn't think they were speaking in public today on the show as congress tries to figure out how and whether to address climate change. This investigation underscores why progress seems to be stalling out a mary harris. You're listening to what next stick around. This episode is brought to you by progressive. Saving money on your car. Insurance is easy with progressive. It's an average savings of over seven hundred fifty dollars per customer who switch and save in fact. Customers can qualify for an average of six discounts on their auto policy with progressive including discounts. Just for starting a quote online or having multiple vehicles on your policy get your quote online at progressive dot com. And see how much you could be. Saving national annual average auto insurance savings by new customers surveyed in two thousand nineteen. Potential savings will vary discounts vary are not available in all states and situations. Lawrence carter had very specific reasons for wanting to zero in on exxon mobil in particular. Unlike a lot of other companies he says exxon uses trade associations to cloak the way they operate in dc. That means there isn't much on the record about what the company's been advocating for chirp their press releases saying exxon supports the paris climate agreement but lawrence wanted to know what the company stood for behind the scenes if to know submit. A bunch of information requests go through the regulatory filings spitzer usual sources diet. Talk to and get to the bottom of what the company has been up to in lobbying on climate policy. Then we would have done that because there's a lot more straightforward lot less resource intensive and essentially the same result. But what we found was the they were not leaving that kind of usual trice of that lobbying activity on so we felt there was strongly in the public interest to go undercover and gets the bomb of it. The process of getting to the bottom of exxon's lobbying strategy with an undercover sting was a little mundane. Lauren says he didn't launch straight into creating a false persona for example is way more boring than that. I'm afraid so you're not like putting on prosthetics and it's not exciting. Well you know waiting into the kind of aspect of the investigation of the stock because you'll spending law of time building up a strong kind of evidential basis vote. Why it's in the public interest on the cover are now in the us. It's not really in the journalistic toolkit in the us. No.

lawrence Org lawrence hunter lawrence exxon mobil biden administration obama administration exxon Carter mary harris Lawrence carter uk congress spitzer dc paris Lauren us
"exxon" Discussed on Gaslit Nation with Andrea Chalupa and Sarah Kendzior

Gaslit Nation with Andrea Chalupa and Sarah Kendzior

04:19 min | 1 year ago

"exxon" Discussed on Gaslit Nation with Andrea Chalupa and Sarah Kendzior

"Emissions reductions on climate change to oil refinery. It's in a highway bill. Here's the crucial guys. Well senator capito who's the ranking member environment. Public works joe. Manchin talked to his office every week. He is the king maker on this because he's a democrat from west virginia which is very conservative state in. He's not shy about sort of stake in his claim early. Completely change in bank so on the democrat side. We'd look for the moderates on these issues. So it's the mansions cinemas the testers. Exxon is even trying to get through to president biden through his friend. Senator chris coons damning as more a bit willing to the full thing on the show notes for episode which you can find our patriots page it just astounding to me that our leaders plan to do nothing about climate change. The colleagues of mansion cinema mark. Kelly chris coons should be protesting them in their office because their sentencing us to die their sentencing more species to extinction. This is blood on their hands. All for exxon. This is not a new problem. Certainly by any means the longtime former. Ceo of exxon rex. Tillerson was of course trump's secretary of state which was shocking which was absolutely not normal as ceo of exxon tillerson pushed through iraqi oil deal. That threatened american foreign policy at the time. That was just the tip of the iceberg for exxon from the washington. Post the world's largest oil firm. Exxon has long exercised formidable clout in countries where it does business. The company has not shied away from controversy inking deals with autocratic governments and speaking out against sanctions such as those united states has imposed on russia. That hurt its bottom line and quote. We certainly saw that with putin giving tillerson an order of friendship medal. So who was it that pushed for tillerson to become trump's secretary of state former secretary of state condoleeza rice and former secretary of defense robert gates tillerson was their longtime client paying rice and gates for consulting services as the saying goes money. Money money at the expense of human lives at the expense of a livable planet at the expense of our children's future. Republicans more than the kremlin turned america into a struggling democracy like ukraine stressed by a losing war against corruption. Republicans held the door. Open for the kremlin and the kremlin walked right in. They put their free market ideology above national sovereignty literally selling out our country and its best interest for profit condoleeza rice promoted and endorsed the exxon ceo to be secretary of state while promoting her own book on democracy. So what kind of future do we have if we continue down this path of letting exxon by public servants by endorsements from former major government officials putin's russia paints it out clearly according to propublica from a piece last year russia welcomes the warmer planet because the melting ice will make room for more farmland in russia and open the arctic up for ships and drilling russia's literally already planning to benefit from a warming planet. Their plan is to become an agricultural powerhouse. with all this new thaad farmland. Okay so if you're wondering how putin and mansion and these exxon executives can stand to be on the side of leading our world literally burn. It's because they imagine a future where their precious sacred free market ideology will help them. Continue to thrive. This is known as disaster. Capitalism so of russia becomes an agricultural powerhouse. What will happen to current agricultural powerhouse california. It may likely be on fire so the tens of millions of americans who currently vote for exxon by boating republican and promoter. Democrats imagine cinema..

exxon tillerson senator capito president biden Senator chris coons Kelly chris coons exxon rex Tillerson exxon tillerson Manchin russia condoleeza rice robert gates tillerson putin west virginia patriots joe united states trump washington
"exxon" Discussed on Gaslit Nation with Andrea Chalupa and Sarah Kendzior

Gaslit Nation with Andrea Chalupa and Sarah Kendzior

06:42 min | 1 year ago

"exxon" Discussed on Gaslit Nation with Andrea Chalupa and Sarah Kendzior

"Don't trust that manafort's gone away. We know flynn hasn't gone away because he's calling for like cou to return of the coup We know steve bannon hasn't gone away because he's out there peddling conspiracy theories on the internet. None of these people have been held accountable. They all seem to be viewed as untouchable. They are treated as untouchable and so for the focus to be so excessively on weasel burg. It's like people are not seeing the big picture here and the big picture is a mafia state. Like folks need to confront that like i. I wish that our politicians would use that language. And yes i know it's it's terrifying language. It brings to mind. Visions of countries like putin's russia or maybe aired on turkey of deep deep entrenched corruption and rot with our national security agencies. That are supposed to protect us being either complicit or complacent or just completely you know sucking at their job i mean like the capital cu is a prime example because everyone announced they're doing in advance and we all knew it as we've said many times we announced in advance robbing a post capital attacks special. Because they're all on twitter saying and then yet we have this befuddled. Fbi who was like my goodness you know who in the world could have seen this coming like i. it's gas lighting. It's it's beyond trolling. Because the national security ramifications are so profound. It's deeply disturbing. And we cannot have joe biden out like licking ice cream cones. Or whatever. the hell. He's doing tweeting platitudes about america. Being back we can all see these elite criminal. Operatives were not like ranchos off the street but some of the wealthiest and most powerful and most connected people in the world just running free with not even a hint of accountability around the bench. Never having to pay for those crimes never having to pay for the death that they caused in this country. The mass deaths that happened as a result of how they handled the corona virus. It did not have to be this way you know and we. We have all seen that. And you know it's disturbing that to me is a sign of like incredible infiltration of our institutional bodies in complicity from within them on a national level without question. So let's move on to. The united states of exxon there was a must watch viral video. On how exxon lobbyists one current. When former i believe they have the republican party in their pocket. They're allied or the republican party. They're one in the same. But they're targeting the big foils to democracy mansion and cinema among other moderate democrats like senator tester and they seem to be very friendly close biden friend. Senator coons of delaware who joins cinema and mansion and voting down the fifteen dollars minimum wage So i think it's really important for us to play a clip at this video for people to watch this video. You can find it in the show notes for this episode because it's so essential that all of us ground ourselves in the fact that the politicians in washington i know that sounds very underground. Radio like christian slater. You're very pump up the value. Yes and but they really are built to be the rodeo they. they're the bouncing clowns narcissistic. They loved the glamour. They love the excitement. They love the tv ready makeup of being senators in the marble halls of washington and they have enough narcissism and their personality to take on that role where they take all the heat. They get all the attention. They get all the notoriety they get all the press coverage they get all the reporters following them around. They get all the fancy invites they get all the lecture invites they all the book deals and book tours and cable news appearances meanwhile the executives pulling their strings like the executives. Exxon they get to be private in the background. Enjoy their their lavish lifestyles and private with their families. They're cloistered away. They don't have to deal with that heat. They don't have to take that he. They may not be programmed personality wise to endure that he but the politicians who represent their interests and fight for further interest in washington are programmed that way and when we're talking about mansion and oso flamboyant cinema and so it's important that we understand that that the politicians whether it's trump our cinema that up against are just the bouncing clowns and they have behind them much darker forces. Who are the real enemy. The real enemy to emphasize this real enemy. We're gonna play a clip of this video. The full video is ten minutes long. We're just gonna play around two minutes of it. The whole thing is absolutely worth watching because everyone needs to understand. This is really what we're up against. You wonder why biden is breaking all his campaign promises. It's because of exxon is because of exxon's dark money shadow lobbying campaign it's because exxon by their own lobbyists. Admission is on the phone the joe mansion every week. That is why we're not getting the joe biden. We were promised on the campaign trail. We're gonna play a clip from this. Now it was produced by an earth. Which is the investigative journalism arm of the big climate activist group greenpeace which i have supported over the years through donations and happy to do it and so we'll play this clip now. Exxon mobil is so powerful that the management suite at its global headquarters is known as the god pod until recently. It was the biggest richest corporation in the history of the world for decades. Critics have claimed exxon deploys cynical aggressive lobbying techniques to pull the strings of government while running clandestine campaigns to block action on climate change discredits opponents and distract attention from its polluting activities but not one of its serving senior executives has ever come clean about the exxon playbook until now. Here's what dan. Easily and keith mccoy told us. Mr mccoy revealed that behind the scenes. The company has been working hard to undermine president biden's two trillion dollar infrastructure plan. The white house proposal included spending hundreds of billions on clean energy and transport as.

manafort steve bannon senator tester Senator coons republican party exxon joe biden flynn putin washington america biden Fbi christian slater russia twitter delaware joe mansion Exxon mobil
"exxon" Discussed on Gaslit Nation with Andrea Chalupa and Sarah Kendzior

Gaslit Nation with Andrea Chalupa and Sarah Kendzior

09:20 min | 1 year ago

"exxon" Discussed on Gaslit Nation with Andrea Chalupa and Sarah Kendzior

"He was in the presidency. This excuse you know that. The chief executive is by definition above the law that he can't be indicted you know using the o. Elsie memo getting his lackeys. Everybody from muller to bar to various other governmental officials to say yes. Yes we can't prosecute them and now they're going back to a defense that relies on utterly outdated norms of okay. He's not the president anymore. He's a private citizen and we still can't prosecute him in. We're in fact going to defend him in personal lawsuits like say for rape. That is the merrick garland doj position on trump. The cumulative effect of that is as andrea just said confirmation that we're living in a mafia state But what's worse you know. We're living in a mafia state where people Who either were elected themselves or were appointed to be in positions of power by those who voted for like. We voted for joe biden. Joe biden appointed. Merrick garland merrick. Garland is defending. Donald trump. know it's voluntary submission. It's holding up this deeply. Rotted and corrupt institution. And that's why. Just everything about the allen weasel berg case like i don't know i read the coverage that i'm just rolling my eyes. Because of the declining standards of expectations which people create in order to fulfil their own fantasies of what is going on in our criminal justice system as it has to do with white collar crime and with organized crime and with this nexus of it in our government that revolves around the trump family. The weasel berg indictment reminded me a great deal. Honestly of the manafort indictment so it's appropriate You know you brought that up black ledgers matter. Whatever but anyway the thing that reminded me of it most was that the indictment covers the years. Two thousand five to twenty seventeen. Which again just like manafort. This is scratching the surface of decades and decades of organized crime and criminal infiltrations and front organisations and people like weasel burger to sort of sit in the background. And you know keep the records. People like manafort that function as dark arts operatives and then there's the front man and his show man in the spotlight and that's trump and then of course the scope of the indictment is also quite limited You know it's about you know off. The books taxes a refusal to pay the full amount of taxes. I think it is unlikely. He's going to face prosecution. I kind of wonder about the photos of him in which he is hands are behind his back as if he's having a perp walk but you can see that he's not hancuffed that there's just kind of he's he's literally holding his own hangups in his hands which to me is just this incredible symbolism of what the trump crime coal is. It's like they hold the handcuffs of justice. They hold the power of the law in their own hands to bend it and manipulate it towards their own. Corrupt nefarious aims and as the decades went on this became more and and more ingrained into the broader american politics like it started smaller in new york city. But you know. Trump's spread out throughout the eighties. He came out. You know to the area of the country where i live You know places in the midwest like you had partners like carl. Icahn bankrupting cities in indiana. You know buying out. Twa here in saint louis. All these dirty deals were happening. It's part of the broader wall street. Takeover of the american economy and of small businesses and of the infiltration or collaboration really of all street and organized crime and the trump organization is just the prime example of that and the fact that it took this long that it is now twenty. Twenty one and weasel burgas been working for trump since the seventies and trump has been committing crimes seventies again. This reminds me of manafort who had begun his crime spree. You know at least in the early eighties. The same is true cursive roger stone and others who trump went onto pardon But yeah to your point that the litmus test of whether we live in an entrenched mafia state is whether ivanka and jared kushner are indicted that still stands. You know and i'm honestly more worried about kushner. Because i feel like with ivanka. There's still this perception of. Oh you know. The president's daughter the president's daughter who worked on the corona virus task force team that led to the deaths of half a million americans the president's daughter who helped create and cover up at points the existence of migrant torture and abuse camps aimed at children the president's daughter who backed violent white supremacists on it. I mean she was an employee of the white house. She a key adviser of the president. She should not be treated with kid gloves. Ivanka trump represented america on the global stage. Yeah a sitting next to merckel a light eaters. Yes she was it was ivanka. Jared and donald trump. They were together. The unholy trinity. The defacto pressure united states those three yep and that was the heart of the trump campaign. it was ivanka. and jared. who said yala's have paul manafort be the campaign run the campaign. Yeah and the difference though is that with with trump even though it is not a legitimate excuse you hear the excuse of the american people elected him. He was the president. He held the office. Ivanka were inserted into that office illegally. It broke nepotism laws. It broke security clearance laws like they could have removed. Jared kushner and ivanka both for lying on their security clearance forms. Jared kushner is the record breaker like literally in american history for lying on that clearance form. All they had to do to get rid of it was was get them on that and then you could have pulled him out. And what kind of country would we have had. What kind of foreign affairs situation would we have now in the middle east. What kind of reaction to the corona virus would we have had who would have been appointed to various positions. I mean you can really trace so many of the most malicious and anti-american corrupt actions of that administration to jared kushner and believe me. There's a lot of competition here. Like there steve bannon. There's michael flynn there. There's bill bar. There are a lot of some of the worst americans of my lifetime. We're all working in that white house simultaneously. Kushner still wins and he is treated as immune. He is currently working in fact with the democratic party. He is partnering with haim sabban. Who is one of the leading. Democratic donors and haim subodh of course. We've referenced him because pelosi back in late twenty eighteen had this very cavalier. Public conversation with haim sabban bond where she said if our capital crumbles to the ground our foremost priority is going to be israel. And you know that that's a slight paraphrase. We'll post the video on our show notes. We've played this clip on the show. Before for those who don't think it's real. Because of course then the capital crumble and her priority was indeed israel in haim sedan was an enthusiastic proponent of that way of thinking about america and what's important and who to protect me i found it frightening and baffling at the time because to me. The capital crumbling is terrifying and horrifying prospect at the time in two thousand eighteen. It brought to mind nine eleven. And so when there's a terrorist attack or any kind of attack in my country like my instinct is to protect people. It's wanna protect all fellow americans. It's hundred protect our national security. Our public safety certainly not to laugh about it from a donor and certainly not the pledge allegiance to a foreign country and here the matters not quite so much that it's israel but that it could have been any foreign country she could have inserted in that sentence and it would have been a horrifying sentence anyway back to kushner. That's what kushner is doing now. He's writing a book. He's working with democratic party. Donors who define themselves as haim sibon does is one issue donors with the issue being israel. I have a feeling he's probably you know working with his old. You know family friend. Benjamin netanyahu because the kushner's the netanyahu's go back multiple generation who yahoo suddenly has a lot of free time on his hands a lot of free time. And so we're in this weird situation. Where yes you know. Israel got rid finally of their worse. Worst kleptocratic mobbed up node in this syndicate. I do not like their new prime minister. Naftali bennett because of his policies policies towards palestinians. But it's sort of like replacing trump with mike pence. You're just getting a different kind of person with a different kind of network. And so yes you know. There were protests against netanyahu for over half a year for very good reason and it is good that he is out but i don't trust that he's gone away the same way..

manafort jared kushner ivanka Elsie memo merrick garland doj joe biden Merrick garland merrick Donald trump roger stone muller kushner paul manafort Garland andrea Icahn Twa saint louis steve bannon america Ivanka trump
"exxon" Discussed on The Young Turks

The Young Turks

02:22 min | 1 year ago

"exxon" Discussed on The Young Turks

"Saliou so aclu's like no. I don't care. Money's awesome and it's speech and don't look at my donors and i'm doing this out of principle and and and i don't see the bribery. I don't see that as a governmental interest. No i think money is just talking to people. Like jamie raskin. Who's in congress. That had a great line was about this. So if you go in and give money to a prostitute or you're just talking to her because you'd be arrested right. It's a really good point. It's a really really good point officer. What do you mean. Just i was talking to her. And if you don't have a right to even see what we're doing. We're gonna go commit illegal activities. You're not allowed to look and you're not allowed to even find out what the hell i'm saying because it's just money it's amazing. Well the acp and the aclu is an agreement with The us chamber of commerce. Which of course does not hide the fact that they want this ruling to apply more broadly to the electoral process elections Freedoms of speech and association deserve the same rigorous protection in the context of elections as they do in other contexts the influential. Us chamber of commerce argued in its brief to the court because really this country is dominated by the us chamber of commerce. It's not dominated by democracy. The democratic process any specific political party. It's whatever corporate interests watt corporate interests will get and while there's all sorts of nonsense in fighting with people who claim they want to change the system. The fact of the matter is you have The corporate wing of this country. That's incredibly powerful. Obviously they've got the resources but they're organized. They understand the importance of the elections. That take place of ensuring that they strategically think about how to install these pro-corporate justices into the supreme court. That's why whenever someone tells you. Oh elections don't matter. Don't pay attention at all. Who cares about the supreme court. You should care about the supreme court because the rulings that they're passing down right now are going to impact us for generations. Okay how do you reverse something like this. It's incredibly difficult. If not impossible and so why. Why would anyone advocate for something that actually.

"exxon" Discussed on The Young Turks

The Young Turks

02:18 min | 1 year ago

"exxon" Discussed on The Young Turks

"Didn't get the other stuff. Oh thank god is what he's thinking right now because look if they charge you with a random bogus crime. What the hell what you're gonna put me in jail for this right if you're actually innocent and that was the only thing you had done or not done right but if you knew you committed murder and this and that other thing i'm not saying trump do that i'm using announce okay and they charged you with jaywalking. It'd be like yes. So that's what's happening with donald trump and guys we need. We're not even getting into the money laundry. That's a whole nother conversation. And there's another problem here is that the statute of limitations might have run out of some of their past crimes exactly now if he is found guilty on the larceny charge. That has a potential prison sentence of fifteen years. So that might persuade weisselberg somewhere down the line to cooperate with investigators but as it stands right now. He has pleaded not guilty and it doesn't seem likely that he'll cooperate with them and he's been incredibly loyal to donald trump not just throughout this investigation but throughout his career he's worked beside donald trump for decades and they're very close Donald trump the cheapest man in the world apparently gives them cars to drive intuition to pay for his grandchildren. So that's actually the most shocking part of this entire story. And so the relevance of that is that donald trump is known by everyone especially the people closest to him as notoriously cheap. He never pays for a damn thing. And as you all know the six bankruptcy brags in public openly about. I don't pay my bills. Only sucker spe their debt. No you just squelch on it and you go bankrupt. And he just take people's money and wait for the next sucker. He brags about it in magazines right but he never did that to weisselberg. Why because weisselberg is a guy who has the books. donald trump. It's been previous accountant said. Oh trump can't doesn't understand the county at all when we were talking about taxes. What just make them low. And i'd have to talk to his wife at the time. It was ivana trump right because she was smart. And he's i didn't mean it that way and then they asked him about his dad always like oh fred. Trump knew exactly what he was doing. So donald.

donald trump weisselberg ivana trump Trump fred donald
"exxon" Discussed on The Young Turks

The Young Turks

05:34 min | 1 year ago

"exxon" Discussed on The Young Turks

"West regime. Mma capitals republican democrat But basically they think they're the easiest to buy because they any plays y to that they have the excuse of pretending to be from a conservative state. They're not actually serving conservative voters. they're serving exxon mobil. A giant multinational corporation in fact. They're robbing the people of west virginia to serve exxon mobil. And it's bipartisan capital. Does it mansion does it and look look at the names he gave you. It's exactly the names we've been telling you okay mansions easy cinemas relatively easy and those are the first to democrats. He mashes those total in the back pocket of corporations. It's absolutely confirmed. Will the rest of the mainstream media going forward to say oh. These are the politicians bought by exxon mobil. No they'll never say they'll pretend they have principles right but look at that name chris coons how many times have you heard his name on this. Show you've heard me saying over and over again. He's one of the most conservative mona one of the most corporate democrats in the entire country. And he's really important if what she'll because he's a senator from delaware one of joe biden's best friends so kuhn's is a stalking horse in essence. For what joe biden's actual positions are you by coons partly by biden. Okay so i don't know any other show talking about chris. Coons and and it's so obvious. He's from delaware. He was one of the campaign advisers. Joe biden so when he goes on both against fifteen minimum wage. That's show buying say. I never wanted. I never wanted. I wanted to serve my donors exactly and he does it with exxon mobil to by the way the whole list that he names in different parts of the video maggie hassen and other corporate democrat from new hampshire. She's going to run a new hampshire now as she's kissing the ass of every corporation because she thinks that's the way to beat a popular republican in new hampshire. What a dumb dumb idea if you actually serve the people of new hampshire. You'd have a better chance of winning. Go with corporate strategies so near guaranteed jank jank. I'm sure that the democrats lose these elections are losing because of slogans. Like medicare for all or defunding the police. It's those things right which is weird because progressive democrats usually have an easy time getting reelected whereas these corporate democrats are the ones who the ones that always always capitulate to corporate interests. They're the ones who usually lose especially in the midterm election. So let's wait and see what happens in two thousand twenty two. Yes and so by the way he also named republicans. Just capito barrosso john. Cornyn steve daines and marco. Rubio llosa embark kelly. Who's a democrat. Okay so what do we tell you about. Marco rubio the most corporate republican there is. That's why covert media loves them. I if in my book that is actually gonna come at some point. I explain how corporate media all these different quotes marco. Rubio's definitely gonna win marco. Rubio is one of the leading candidates in two thousand sixteen. Oh it'll be such a joke. For trump's gonna win marco rubio our beloved corporate republicans gonna win and then he got almost no votes because right wing voters and left wing voters. Don't want these corporate lackeys. The only reason why democrats still vote for them is because they trust the new york times cnn and the lies that they are fed about how these are honest principled politicians when they in fact. There's just order takers now. I gotta give you two more. Because they're absolutely devastating so he says at one point the same guy. You're looking at here. You wanna be able to go to the chief chief of staff. He says and say we need. A congressman. so-and-so sorry here we need a congressman so and so to be able to either introduce the bill. We need them to make a floor statement. We need them to send a letter. You name it. We've asked for everything. So that water. I tell you this is like hey hey waterboy hair care. Come here come here. Here's a check by the way the the channel four that did this report trace checks back to mark kellyanne others. of course the exxon mobil does that amaker. They do through american petroleum institute. Then there's a dark money so when you see them speaking on the floor of the house or the or the senate sometimes. The literal words written by lobbyists sickening. There's supposed to be the people's representatives but last one is the killer quote. This describes all of american politics. He said. I make sure i get them the right information that they need so they look good so we get them talking points. Make this is what you say. Boy yes sir. Yes sir and you're gonna look good here. We're gonna pretend that you're doing something while you're secretly helping us and then he continues and then they helped me out here are captive audience. He said they know they need you. And i need them there it is. That's all of american politics. They need you because they need us the heat the lobbyists say because we have the money and he can't win without money so we just bride them. We just give them legalize bribes. America made it legal other countries. By the way don't have illegal. You're not allowed to have private donations from corporations at other countries here in america you could just fun live through dark money groups over a billion dollars in dark money groups in in the last election. So they're like we just we just tell them what to say and then they need our money and we need their votes. The voters voters the.

exxon mobil joe biden new hampshire maggie hassen marco jank jank delaware chris coons Marco rubio capito barrosso john Cornyn steve daines Rubio llosa Rubio coons Coons kuhn west virginia mona biden mark kellyanne
"exxon" Discussed on The Young Turks

The Young Turks

04:07 min | 1 year ago

"exxon" Discussed on The Young Turks

"Watch we're playing defense because president biden's talking about this big infrastructure package and he's going to pay for it by increasing corporate tax took the highways and bridges and a lot of negative stuff starts to come out to visit jemaine. This right is this. That doesn't make any sense for highway. Bill why why would you put in. Why would you put in a something on all emissions reductions on climate change to oil refineries in a highway. Bill i mean it's it's the exact talking point that we got from the republican party in response to buy infrastructure bill physical infrastructure physical infrastructure that we got. We don't want to do anything about climate change physical infrastructure and lo and behold. the bipartisan. Deal strips out any of the climate action provisions that were present in biden's initial infrastructure proposal. Yeah and they. We told you ahead of time on the show that they were going to strip out the green energy provision and they were going to only keep the provision that allowed private corporations to profit off of the infrastructure bill. That's exactly what they did in the bipartisan compromise. And he breaks at different times in this interview about. Oh yeah we do. Education of members of congress in other words. We right what they're supposed to say. And then they say these they sometimes we'll even right floor speeches so here parrot. Do as you're told. He's a cracker right. So these what did we tell you a thousand times on this show. They're not having actual debates. This isn't that about principal when you tune into cnn. And you read the new york times and telling you and they tell you. What joe mansion and lizzie. Graham thinks they're participating in a false kabuki theatre it was never real. They're not having actual debates. They're taking money from exxon mobil and then they're doing as they are told sometimes quite literally and so when they exxon mobil tells you ain't gonna be no green energy because green energy hurts us. In another video they got a couple of executives on this right they explained will if you do the green energy stuff it might work and then it'll be irreversible then it'll be hard for us to get our. He doesn't say unfair but he's get advantage back right in other words. Just go to work and it's gonna help. The american people don't do that. Exac- care about helping the american people because the core of this is. Do they want to do this to maximize profit horse thing. To of course exxonmobil's is not a charity right and yet every idiot. That covers politics in in america's like oh well you know they give money to politicians but you know we don't know why don't know why they do it so they the laws are written on behalf of corporations and not us. They have a fiduciary responsibility. Which is the excuse they use over and over again not only in the secret videos but afterwards what. We didn't break any laws and we we have to maximize profit for shareholders. We have a legal responsibility. But that's true that's absolutely true. And so that's what we have to get rid of money in politics because we legalized bribery. Is low as you allow private citizens and corporations to pay a limited money to politicians they will pay unlimited money to get what financial return again. If you're an individual that might be different but if you're a corporation you must maximize return so you cannot give it these bribes these legalize bribes to these folks. Unless you think this is going to make me lots of money and often at your expense including subsidies where they directly take money out of our pockets and give a tax mobil and now let's get to naming names because there's a lot of bastards in here that you should know about well. Some of the bastards are individuals who have been fighting the infrastructure bill on the democratic side. So let's let's hear what our good friend acceder. Exxon mobil lobbyists keith.

president biden jemaine Exxon mobil Education of members of congre joe mansion Bill republican party biden lizzie cnn the new york times Graham america keith
"exxon" Discussed on The Young Turks

The Young Turks

03:16 min | 1 year ago

"exxon" Discussed on The Young Turks

"Bite against some of the science. Yes did we hide. Our science absolutely not did we. Did we join some of these shadow groups to work against some of the early efforts. Yes that's true but there's nothing illegal about that. We were looking out for our investments. We will looking out for our in our shareholders. So janke says there was nothing illegal about what we were doing which is actually true. And he also just bluntly states that they were looking out for their shareholders. Because that's how this system works. These companies look out for their shareholders. Not for the environment or for the good of the people the most obvious thing in the world and we all like but the mainstream media pretends that oh corporations being prophets that sounds conspiratorial. They're interested in that. Is that why. They're giving campaign donations. The whole country right now is saying with me all gore's but isn't it amazing. Look into you think about it behind the scenes which confirms everything we've ever told you on the show so i even in that first video. Let's break down a bunch of things so he talks about how well of course. We're basically using shadow groups to fight the real science right and he. They claim to publicly support action on climate change while undermining it behind the scenes. He thinks he's doing a job interview so he's like. I'm really good at doing hatchet jobs for corporations like exxon mobil and we'll ally publicly and then tell you privately. How maximize profits for shareholders by tricking the american public and buying off politicians. That we're gonna get to the politicians in a second. I wanna give excellent tremendous credit to on earth that's greenpeace's uk's investigate a platform that this so bless their hearts forgetting and it's such a clever trip because the minute they have money on the line and he thinks i'm going to get a job that pays more because i'll tell you all my dirty tricks right but now they ask exxon mobil afterwards. Hey what do you say about this. And i saw mobile says we've supported climate size for decades. Yeah no no. That's exactly that's exactly what he said. You would say publicly. You'll say you supported for decades while secretly undermining and then you're talking point afterwards is a direct confirmation of what he says. Okay that's exactly right. So he does touch on how exxon mobil will use these hollow. Pr strategies publicly to make it appear as though this fossil fuel company is very much interested in doing. What's right by the environment There take climate change seriously when in reality they're advocating for things they know will not pass probably because behind the scenes. They're lobbying to ensure they don't pass and so the carbon tax is an example of that here. He is talking about that very issue. Nobody is going.

janke exxon mobil gore greenpeace uk
Interview With Ursula Burns, Former CEO, Xerox

Skimm'd from The Couch

01:35 min | 1 year ago

Interview With Ursula Burns, Former CEO, Xerox

"Hey everyone our guest. Today is ursula burns. Ursula is a business woman who most known for being e former ceo of xerox which she ran from two thousand nine to twenty sixteen when she took the top job at xerox decades. Working her way up at the company or stella became the first black woman ever to run a fortune. Five hundred company. She has also served on the board of some of the biggest companies in the world including uber. Exxon mobil and nestle her memoir. Where you are is not who you are is in stores now ursula. Thanks so much for joining us. Welcome to skimp from the couch. That you very much for having me Danielle and curly epi bigger. So you are a public leader your name that we grew up knowing and as we went on our own endeavor or somebody that we looked up to by. You're actually like a private person. And i'm curious what is a fun fact about you. You'd sound you found one. I am actually a very private person. I say this in the book in people who read it earlier in who were reading it now kind surprised by the fact that i'm an introvert and pretty much a loner in a very traditional sense of the word i kinda like silence. I like times that. I'm isolated in that sound so unusual. I have two children at crazy. Hours been newest How that fit into a life but it. It's i dunno. it's something. I've always thought about it but i like law.

Ursula Burns Xerox Ursula Exxon Mobil Stella Nestle Danielle
"exxon" Discussed on Oil and Gas Startups Podcast

Oil and Gas Startups Podcast

04:59 min | 1 year ago

"exxon" Discussed on Oil and Gas Startups Podcast

"And i think the is we have to be the the guys of the whole thing so basically they took a thirty million dollar stake in a company and turned it into this. You know this transformational thing And they're backed by. I know california pension fund but other state pension funds as well. So i just think you have to be careful. If you're putting your money into that pension fund you know if that's your money it's that's my pension fund dollars. I think it's gonna get a lot of talk in a lot of publicity. The engine number one did this. I don't necessarily think it's gonna deliver them a return. Because they're the point is want this company become more profitable but it's all under the premise of the issue in green focus. And i'm not certain that you can necessarily At least it will take you very long time all these including the new york times of the same thing this. This would take a long time to actor around to actually see a prophet so to me. I guess the concept of them publicity of doing all this with engine numbers. One premise ap apparently raising money. Now on the back of all this publicity. They're raising money for curly green fund. So they may have had our alterior motives with us and let me step back as an asset manager and kudos to them that this is a there in the every discussion yet. They're raising a ton of money. They were effective in Jawboning big fellow investors into executing almost all their plan. They knocked it out of the park so whatever their premises. They've done something good now whether it makes them money or not on their exxon position. I don't know about that but it certainly should help them. Raise money in the restaurant business perspective. They seem to do. I don't agree with the premise. And nor do. I agree with those i. I don't agree with the fundamental premise. Behind it and i think it gets messy when if you are an investor and you're putting your money into ended number one i would want to. I would understand it better. But chuck gates has all he said i think on his podcast with david. Robson would on hot tag today. He said that you should invest in things that you don't actually not in love with and it's it's good advice. I shouldn't be investing in a compassionate and understanding. Guess i really should be investing in things. I hate because i'm gonna do better but the point is is that like. There's a number of things if you're doing this because you believe in the movement. That's one thing if you're doing because you wanna make money that's nothing but these are pension fund back thing so if we're thinking this is going to continue to happen there. There are repercussions ramifications. For how much money these guys watch. Make an the demand the i do. I disagree with the the..

new york david thirty million dollar today Robson one thing exxon One premise california
"exxon" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

07:05 min | 1 year ago

"exxon" Discussed on On Point with Tom Ashbrook | Podcasts

"That's for the next episode of our series that we're calling amazon prime effects coming up next week. Now today we are talking about what people in the business industry or calling a seismic change on the board of directors for exxon mobil where a group of activists investors who are focused on helping the company transform in the era of climate change managed to get a couple of new board members on in what was quite a remarkable proxy. Vote a fight. Even i'm joined today by andrew logan. He's senior director of oil and gas at the nonprofit ceres which works with private sector businesses to address environmental and sustainability issues and andrew. Let's listen to a little. Bit of what eric gordon who's studies corporate governance at the university of michigan's business. School says he told us that what happened to exxon is in fact reverberating across the energy sector. It's a warning to other companies that play a big part in climate change. The warning is okay so far you have defeated all of the important resolutions. You get to report to shareholders. Oh we're moving really fast. But you set the pace. This is a warning that somebody else who doesn't like your pace. Might end up on your board of directors and gordon says part of the key to engine number one. Success is how they made their case for the need for change on the board. It wasn't a bunch of unemployed candle makers and rubber dinghies attacking a super tankers. It took a very reasonable sounding position. Which is look. We're going through a transition period and in the transition period. You don't wanna be putting more of the corporations investment into what you're transitioning out of. That's erik gordon. Who studies corporate governance at the university of michigan. We'll joining us now. Is phil verleger owner of the energy consulting firm peaky. Pk verleger llc. At a senior fellow at the washington think tank the new scancen. Excuse me the niskanen center phil. Welcome back to the show. Thank you very much. You heard eric gordon. Their second ago. Do you think this is a warning to other. Companies that play a big part in climate change in the energy sector. Absolutely i mean and ten years ago. Ibm celebrated its centennial. With a two page ad in the wall street and of other papers and it headline read nearly all the companies are grandparents admired have disappeared. They went on to say these companies one were unable to simultaneously manage their business the day and to build their business of tomorrow. I've been following the oil industry for fifty years. So i qualify as a grandparent ahead grandchildren and exxon shell. Bp chevron are all going to vanish or essentially be unimportant within twenty years. And nobody very few people know what they are. I i really you know. Charlie penner was exactly on point You know exxon's financial performance has been terrible terrible because they continue to invest in oil and gas and because they believed that the world the demand was growing in. You know if you go back. These firms were formed more than twenty years ago when everybody believes that oil was going to be harder and harder to find a more expensive so we need bigger and bigger firms and really got. I wrote a paper about this. These firms firms are too big succeed. They're just too large there. Dinosaurs and they need to shrink dramatically. I don't think that they are going to be any good at really facilitating the transition. They just need to shrink of and bp laid out in last september scenario where we go to net zero. They pointed out. We need additional oil and gas development for a while but we need to go to the transition for these. These companies have no skills in renewables that other companies have they have a bad record of doing other things. exxon had office systems. Exxon trying renewables. The only thing that they can do that really would help is developed a better way to sequester oil and gas Emit co two emissions into wells. They've been good at pulling oil and gas out they can put it back in and With blockchain and with commodity markets we develop a good really good market for sequestering even get to net zero four twenty so but phil question and andrew. I'm gonna want to hear you on. This is excellent a special case within that that court that you just mentioned fill exxon shell chevron because for example the international energy agency Just recently released a report with this global roadmap to net zero emissions and said there were with this road map. There would be no need to invest in exploration for new oil and gas but exxon also seems to be saying that they're they're pointing to previous estimates that at least some time in the past that that some twelve trillion dollars of investment would needed to generate the oil and gas Need for supplies. That would be demanded by twenty forty. So what's really going on here. Phil will sadly. I've read this report and it can only be described as a fairy tale. It's a scenario but when you dig into the pieces of it it's It's there's nothing there. There's one page at the they call for toll coop international cooperation collaboration lending to other developing countries and so on at the end page one eighty nine. There's a one page where they point out that. Gee if we don't get this. Collaboration we don't get to net zero until twenty twenty Twenty one hundred At the end of the century but they didn't talk about this at all and they also it when you read their price forecasts they say well prices will be about twenty five dollars a barrel twenty thirty in going down. I it is. It's a fairytale on sadly. It's a distraction. I mean exxon's right. But i'd go back to the beat a bp. I was offered a job as an economist or they used to have. I'm mit economist. A number of mit economist. They don't have any anymore. Bp hired a really smart economists from the bank of england and they put together a good a very good analysis of the carefully..

andrew logan exxon mobil Charlie penner eric gordon Exxon erik gordon Phil next week exxon fifty years today twenty thirty last september andrew one page amazon gordon ten years ago tomorrow two page
"exxon" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

06:38 min | 1 year ago

"exxon" Discussed on On Point with Tom Ashbrook | Podcasts

"One fifty you see the the six largest banks in the us in all committing to decarbonise their lending portfolios. And you know these are these are banks that excellent breed relies on for for capital to run. It's it's business so you know. The world has changed. Monumentally and yet. Exxon is still ploughing. Ninety nine point nine nine percent of its of its capital you know into oil and gas now isha magni if if i understand correctly what engine number wants from. Exxon is to pledge to reduce its emissions to net zero by twenty fifty and as andrew was saying changing its capital allocation to invest more. Obviously aiden in renewables amongst other things. But i'm seeing here. That ceo darren woods said as recently as thursday of last week that that engine number one doesn't really have a plan for the business and he claims they've been focused on quote perceptions of the past. What do you think about that. I think the important thing here to focus on the campaign itself has focused on the under performance issues that led the company to to where it is right now and it's shareholder value was impeded by in undisciplined capital allocation misaligned incentive structures and the absence of a strategy to compete in a decarbonising world. Engine number one and kosters had been focused on those three issues throughout the campaign. well there are some analysts. I'm seeing here Pavel mulching of quoted in the washington post. He's with raymond james. He basically said that adding members to exxon's board that it's unlikely that it would transform the underlying business. He says highly doubtful but coming back to the point. The andrew logan was making what about the future of ceo. Darren woods himself atia. Would you like to see him. no longer leading the company. That's not really my job. As a shareholder or investor mind job is to make sure that i have the best collective group of individuals inside the boardroom that can oversee management an oversee strategy. And it's really up to those individuals to determine who the best person is to lead exxon mobil. This was a quite a risk though. This was a big risk for castres right because it could have blown up in your faces to plug absolutely from the beginning. You know we we. We pick this company specifically because we had a history of engagement that all our other tools that were available to us that really could affect change had failed and so when engine number one brought this idea to us to actually change the board we. It was intriguing because we thought in order to really make a change at this company it needed to start at the top and it needed to start with the board. Now i imagine that has investments with other major firms as well. Of course i mean. It's your quitting pretty sizable as one of the top three pension funds. In in the united states. As i asked charlie panera few minutes ago. I'm going to ask you with this victory regarding change on the board of exxon or you more amenable to trying to do the same with other energy companies that you're invested in. We remain engaged with our portfolio companies. And we take our stewardship responsibilities very very seriously you know. We feel like we have an obligation to ensure that the companies in which we invest our accountable to its shareholders. And we do that. Through proxy voting through engagement. This type of targeted in heightened engagement. We only take it to this level when other tools that we have available to our to us has failed well. Issa tag portfolio manager at calstrs the california state teachers retirement system. Thank you so very much for joining us today. Thank you so much. Andrew logan with series. What is the first challenge for the two possibly three new board members here because what engine number one is asking exxon to do and trying to force them to do through this board change Is take a longer view. First of all About how the business practices of the business practices of the company is that going to be aligned with the very shit the very interests of the shareholders who may have helped them in this vote. I think certainly the you know. The directors have alana challenges ahead of them in in many ways. I think i think of the election last week is really the beginning of the process. Instead of the end of the process right we have fresh faces and fresh perspectives on the board. Now the challenge is is a demonstrate that they can you know they can persuade their fellow board members to their way of thinking which which is not a foregone conclusion by any means you know this is a this is a hard company the change as as any of us who dealt with them over the years know very well and so i think there is. You know the i guess. The first step for for these directors is to is to win over their their fellow directors. You know to this idea that You know for an oil and gas company like exxon mobil that that thriving in a in a decarbonising world requires a real material shift in strategy. And so i think we'll begin to see whether this effort is is bearing any fruit as we head into the fall. You know every every year in each of the big gas companies releases their their capital budget basically whereas exxon going to put the twenty twenty five billion dollars at invest every year over the coming twelve months and if if next year capital budget looks a lot like last year's then we know that we have a long way in.

charlie panera Andrew logan Exxon exxon mobil exxon two today raymond james last year next year twenty twenty five billion dol andrew andrew logan united states six largest banks nine twenty fifty three issues first challenge three new board members
"exxon" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

06:16 min | 1 year ago

"exxon" Discussed on On Point with Tom Ashbrook | Podcasts

"Dispose surprise But i will say that they should not all be this contentious You know my my prior from my work jonah partners. We had one proxy contest in twenty years And in most cases you should be able to figure out something with a company that that You know moving in the right direction with without This type of of You know these types of things so our our hope is that the next one will be a little quieter. Well charlie penner is a member of the hedge fund engine number one. Thank you so much for joining us. Thanks for having all right. Isha tag charlie mentioned that the next proxy fight may not be this contentious. I just want to get a sense of how contentious it was so first of all. Here is exxon's ceo. Darren woods who went on cnbc after the vote last week and he was asked whether exxon shareholders want the company to start addressing climate change. And if how would he respond. And here's what he said. Over the past several months we have been very actively engaged with our shareholders. Sharon our plans and hearing their viewpoints and the key issues of importance to them with over three million almost three million shareholders. It's not surprising. We've got a pretty wide range of views that were expressed. Okay so let's hear some of that wide range of views. The chief investment officer of christian brothers investment services at the meeting accused exxon of not coming clean shareholders. About what a coming decline in demand for oil and gas would mean for exxon's bottom line. The new net zero like twenty th scenario and report shows that them in will decline by fifty five percent and demand for oil by seventy five percent with no new investments in oil and gas fields necessary. This is our company bread and butter. Exxon degree to disclose to investors would have potential decline in demand will do with financial's also at that same shareholders meeting on the other end of the spectrum pushback against the activist shareholders. These activists hate our business and our country and have no use for us this year. I've oppose it excellent pushback on climate idiocy by disclosing the actual cost and benefits of cutting emissions. The cost of the cuts are you see are very high and the benefits are zero but the ever obtuse. Mr woods refuses to acknowledge these realities instead. He's saying sizes about appeasing the craze political radicals who are the mortal enemies of genuine shareholders. Semester agni. you were at the meeting. What was it like you know. It was probably one of the most unusual. Agm's i've ever been to. I've never been to a meeting where there was an unplanned our recess. I never been to a meeting where there wasn't the typical business portion where we run through all of the various items on the proxy and then the polls are closed and then there's usually a question answer period. I think the polls were open for almost three hours over. The course of the morning is cal stirs as that one shareholder said a group of crazed political radicals mortal enemies of genuine shareholders. We kosters like i said at the at the top of the hour. We have an obligation to the beneficiaries of our fun which are the the california educators and were global diversified investor and we use our portfolio to provide a secure retirement to those teachers. Well let's bring in andrew logan now. He's senior director of oil and gas at the nonprofit ceres which works with the private sector to address environmental and sustainability issues andrew. Welcome to on point. Thanks for having me okay. So we're focusing on exxon now but in the broader context of the energy sector. How significant was this proxy. Fight over the board for for this one company. This was huge. It really was a landmark in the history of investor engagement with with the oil and gas sector. You know i think it will really accelerate change. that is that is very Very overdue i mean. Nothing focuses the mind of corporate director like the possibility that they might lose their job and last week had exxon that risked became very real so so i think we'll see the impact of this. Vote really reverberate well beyond exxon to the rest of of the sector okay. So let's let's let's Explore that a little bit more because we should make clear that the primary thing that aboard can do is exactly what you said. Hire and fire the company's ceo but beyond which is significant but beyond that can can the board or can change in the board more deeply impact the direction of of the business. Absolutely man. I think we shouldn't. We shouldn't change the the importance of the role of overseeing the ceo. Because i think exxon mobil. In particular the strategy is really intertwined. With with the persona of of darren woods and so i think there is a very real question as to how long he's going to remain at the helm there. But i think the board also has you know really important role in in asking hard questions about the company's strategy. I think what has been so problematic about the board at exxon over the years is not just who has been on it and whether they have the right skills or background but the fact that it's really been a board that has not you know seemingly been willing to challenge management thinking And hasn't been willing to listen to outside voices and certainly you know we got one. One hopes that the new board members will both on their own be willing to bring in outside perspectives. But will you know. We'll either fellow board members to want to do the same. Because you know part of the the issue with mobile is that it really has become isolated over the years. Greedy you know. The world has changed around this company. In exxon awards has remained standing in place..

charlie penner Sharon charlie andrew logan exxon fifty five percent Exxon jonah seventy five percent twenty years last week exxon mobil this year christian brothers over three million Darren woods both twenty th darren woods woods
"exxon" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

03:39 min | 1 year ago

"exxon" Discussed on On Point with Tom Ashbrook | Podcasts

"I'm meghna chakrabarti. And today we are talking about the remarkable shareholders meeting for exxon mobil. And it's not necessarily the meeting that deserves our focus but the change on the board of directors for exxon where a group has managed to put several new board members on whose focus is in transfer may transforming one of the world's largest energy companies with a mind towards a climate change future. Charlie penner joins us. He's a member of the hedge fund. Engine number one which was behind this. Change and asia. Mess tagging joins us as well. She's the portfolio manager for calstrs. The california state teachers retirement system one of the huge pension funds that through. Its vote behind this. Change at exxon. Charlie penner just two two quick questions. It's not just you know sort of people who are focused on climate that you put forward on on this slate. Here they were. They weren't necessarily activists themselves. As i said earlier you were also looking for leadership with experience in the sector. So can you tell us just quickly about A couple of the board members that that did make it onto the board All four of them are some amazing people. I've ever met in my life. And they're all willing to do this. Basically just because they thought they could help and these where people who could you know pretty much anything that you right now who've been voted and we've still got our fingers crossed for the third. Uh i is great goff former. Co endeavor as good of credentials as you can get in the oil and gas industry and we feel like You know it's important that the business be run well so they can invest in the future And obviously you need to be able to have things going well to be able to think strategically about long term. I think greg's really important to be helpful to the board there Kaisa high hollow one of the most impressive people i've ever met in my life. She did a transformation with gas company from the inside called estee She with an initial twenty five million dollar investment Bill what is today. The largest renewable diesel jet fuel business in the world created about thirty five billion dollars in market cap accounts for today about ninety percent of that company's profits And you know she. She did it with that. Company's existing resources and skill set so not to say that exxon necessarily would do the same thing although they've been trying to build the bio fuels business for about ten years now without any success but that type of you know understanding we think is so transferable to again helping the board oversee management whose responsibility to come up with these ideas and third. We've got our fingers crossed for Andy cars ner Brings the regular experience that that. I was talking about but also Is one of the leading folks in silicon valley on issues like carbon capture and smart grids. Which will be hugely important for countries like india and things as they figure out what path they take on the energy transition The intersection of ai machine learning and natural resource development. He does all that today. Leading strategy at x. formerly known as google which is the moonshot a laboratory of alphabet so none of those people will be recreating what they've done in the past but they obviously have. We think highly transferable skill sets. That can help backs on as it undertakes. You know the biggest challenge in business world today was just figuring out how to move a company like that gradually into the future now. A exxon spent tens of millions of dollars trying to try to thwart this effort. Obviously it didn't police succeed. So charlie does engine number one have its eye on other companies. Next who do who.

Charlie penner exxon exxon mobil meghna chakrabarti charlie twenty five million google about thirty five billion doll third two today india about ninety percent california Andy tens of millions of dollars about ten years asia four one
"exxon" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

04:37 min | 1 year ago

"exxon" Discussed on On Point with Tom Ashbrook | Podcasts

"Yeah look i mean we all know it's next need for the planet. We don't have a whole lot today. I think that's fairly. Well fleshed out. You know what we're trying to do. is you know. Draw the connection to those larger concerns. I think we all have And the investment case. I mean that's what we can bring to this. That's different And making the argument that even if you just leave your investor hat on as long as you're thinking about from a long-term perspective it look if you're really concerned about the next few quarters you're not gonna care right yeah And in our opinion that was too much of the focus on exxon which leads you to the conclusion that You invest incredibly heavily Even in in lower term projects to to jack up production growth And you know don't really do the hard work of figuring out how you can even kind of gradually pragmatically start to diversify the business because they're not going to be short term. Pay off to that and if you catch the right side of the up cycle like they are now. There's going to be a short term. Payoff to you know having invested heavily in in a lot of otherwise on the on average low return Gas projects from return on capital employed perspective. Rather than just focusing on your best ass will be here for a second trial because just to to remind folks engine number. One owns a fraction of a fraction of a percent of of exxon stocks. And not enough on. Its own to make any changes to the board in in a vote. How it happened. Though was the engine number one Got the support of three of the biggest pension funds in the united states. The california public employees retirement system or calpers the california state teachers retirement system and the new york state common retirement fund and aisha must tag ni joins us now. She's portfolio manager for the california state teachers retirement system. Welcome to point high magna. Thank you for having me so so. tell me. just give me a quick summation of the story of how engine number one and charlie and their their group Convinced the california state teachers retirement system to to throw their votes behind this change. Sure we'll we'll let me start by just telling your listeners that kosters at counters. We uphold a century. Long promise to serve. The retirement needs of almost a million educators in their families. And we do that by being a responsible for do sherry and we're a diversified global investor. And we're trying to create long term shareholder value for the teachers of california. And so when charlie engine number one approached us with this idea We listened because we'd had long engagement with exxon. The yielded very little results and we had grown frustrated with the myriad of of underperformance issues at this company Some of the under performance issues. We talked about a minute ago here. So so i i get that but it's you know you could you could Try to throw your support behind a a different kind of a board member. The the specificity of the idea that that the board has to take a different company different direction regarding climate change specifically is what is what i want to hear a little bit more from you about. Why was it that you you decided was worth effecting change at exxon about well. This was a company that that had a very a group of in of directors. That on paper were very very successful and accomplished individuals. There's no doubt about that. But what it lacked was some very specific skill sets that we felt were necessary to make this a more resilient company in the future and those skill set some of which charlie just touched on. You know one. It lacked anyone that had any real industry expertise in oil and gas. It didn't have anyone on the board that had any regulatory or policymaking experience and like charlie said we needed individuals that had successful track records in industries in transformation. I you stand by for just a second charlie. Technically supposed to let you go now. But i've two more question for you. Can you stick around for just five more.

charlie new york exxon today united states two more question a minute ago aisha second trial three five more second One a million state california few high one
Engine No. 1’s Big Win Over Exxon Shows Activist Hedge Funds Joining Fight Against Climate Change

The Economist: The Intelligence

00:55 sec | 1 year ago

Engine No. 1’s Big Win Over Exxon Shows Activist Hedge Funds Joining Fight Against Climate Change

"And so how did this vote actually come about a small hedge fund called engine number one which was just recently formed and which holds a very tiny stake in exxon mobil far less than one percent manage to galvanize support of massive investment funds like calpers which is californian mega pension fund. The new york state employees pension fund out more than a trillion dollars worth of capital are held by some of these more progressive pension funds. That are very interested in the issue. Climate change it won the support of important proxy advisory services as they're known such as i s in blast lewis these agencies give recommendations that are often followed by the big institutional investors on how to vote and they both supported the tiny dissident for a change in exxon

Exxon Mobil New York Lewis Exxon
Marketing Missing In Conservative Views

The Dan Bongino Show

01:10 min | 1 year ago

Marketing Missing In Conservative Views

"Said I've been around He shall remain nameless. This guy I've been around Republican politics for a long time. And the problem is all of our donors who influenced the message. They're like commodities type people, You know they're in the petroleum industry, the gas industry and there's really no marketing in that. It's not like you know, if you go toe Exxon or you go to BP, like, Hey, go to BP. This gas is really super hip cast. You're like it's gas. Whatever you stop, whatever gestation, whatever the price is cheaper. So, Yeah, There's a little bit of marketing in it. But the people who run those companies and influence the GOP and the message, air quotes Don't really have any skill in marketing. And I listened to him and I said, Ma, it's pretty genius. Trust me. This guy, this guy I've been around a long time. He said. On the other hand, James, wait his eggs in mortar that yes, there is, he said, on the other hand donors that influence liberals and the Democrat Party and get their message pushed into the Democrat ecosystem. Roll the tech people where marketing is everything. Your

BP Exxon GOP MA James Democrat Party
Big Oil Companies Take Some Big Hits on Climate Change

Environment: NPR

01:50 min | 1 year ago

Big Oil Companies Take Some Big Hits on Climate Change

"I'm looking here to list of the biggest corporations based on their market capitalisation what the company is worth overall. Exxon ranks thirty third which is pretty big. It's a big company but it used to be number one. Exxon is worth a fraction of. What some big tech companies are these days in fact. Exxon is worth a lot less than exxon used to be worth. It faces big uncertainties because of climate change and that is the context for a meaningful shareholder. Move a tiny hedge fund managed to place two new directors on exxon's board and maybe more in an attempt to shift exxon's business strategy toward renewable energy. it's one of many oil companies under pressure. So we're gonna discuss this with. Npr's camilla dominance. Good morning. Good morning what happened to exxon well. A brand new hedge fund started last year with the express purpose of putting new members on exxon's board over the intense opposition of exxon's current leadership. This hedge fund argued that one exxon had made bad investments. That's part of the reason why they are not the corporate titan that they used to be like you mentioned they also said fundamentally. The exxon doesn't have a good plan for preparing for a world that tackling climate change and. I'll emphasize here. These are investors making an a financial argument other investors right. They're not saying exxon needs to stop burning oil because it's bad for the planet. This argument is look. The world might stop buying oil because of concerns over climate change so exxon better have something else to sell them. It'd be bad business not to prepare for that. And this tiny fund persuaded enough other shareholders to join them that they actually one at least two of these seats in in this election.

Exxon Camilla NPR
A Tiny Fund Scores Historic Win in Battle Against ExxonMobil

Marketplace with Kai Ryssdal

00:39 sec | 1 year ago

A Tiny Fund Scores Historic Win in Battle Against ExxonMobil

"Energy leads the way kinda surprising. News out of exxonmobil's annual shareholder meeting today ticker symbol x. Oh by the way turns out a hedge fund a relatively small a hedge fund called number one which holds a very small slice of exxon mobil. Stock has convinced some other much bigger shareholders that they should put a couple of engine number one's candidates on that company's board of directors candidates that would and this is the important part force exxon to cut back on its fossil fuel strategy and investments. And do more about climate change. It sounds insanitary. I suppose a little bit of corporate governance but it is a very big

Exxonmobil Exxon
Interview With Ian Dunlap, the Master Investor

Toure Show

01:36 min | 1 year ago

Interview With Ian Dunlap, the Master Investor

"You've been doing a lot of work. Educating and inspiring black people on how to get wealthy via the stock market so break down your basic thesis. How do we get wealthy via the stock market very simple. We have to invest every month. Always try to tell. People get it years prior fifty years prior six years prior when we invested. Oftentimes our grandparents will go back. The money was not there or we invested in insurance. The money wasn't there but now there's a lot more transparency. We have to invest every single month. So even if you put five hundred dollars a month into the market into index fund which exxon is just like a basket or collection of stock. So if you don't know the one pick it gives you a bunch of companies bundled together and over thirty year you can have roughly million dollars depend on if you get anywhere from seven to twelve percent Interest on on those gains. So i mean last year was exceptional because we were at thirty and forty percent. We won't have the same thing this year but year-over-year you showers about twelve percent and then always tell people to get half index funds have technology stocks. And because we are living in technological age we have been since the early nineteen nineties. Like around four That clinton help usher that wave in the does the best blueprint to go with all the companies that we all love. Apple microsoft's zone will run out tesla instagram's owned by facebook. Those are the biggest companies that we are that we have in the world and we should put our money installs companies to be able to secure our.

Exxon Clinton Tesla Instagram Apple Microsoft Facebook
Slurpee (MM #3693)

The Mason Minute

01:00 min | 1 year ago

Slurpee (MM #3693)

"The Maison with Kevin Nation. I did something yesterday with my wife that I hadn't done in probably 30 years and I'm just guessing here. We went to seven eleven for a fact, it was enjoyable. Reason, I haven't done it in so long as I haven't lived anywhere where there have been seven-elevens for a long time. The grant I've been here in Nashville, fifteen years and what we, finally, just started getting seven-elevens over the course of the last month or two off of the local Exxon dealers. Went from Tiger Mart, sand, kind of sold the franchise out to 7:11. So I'll 7/11 was here back in Nashville back and they think the seventies and maybe into the eighties. By the time I started coming around to town in the mid-80s, they were long gone. And I had lived anywhere, but had a 7-Eleven literally in probably 30 years. Virginia Beach had seven-elevens when I was growing up in the high school and college Years. And so probably goes back to at least, then when I last had one, it was good, it was enjoyable, it was fun. But I don't know what this point in life. How much it really mattered? Am I going to go back every now? And again for a Slurpee like I did back in the good old days. Well, you know, I'm not going to but for one day, it was good to be young. Again, hard to believe, that 7-Eleven hasn't been in my life for a long, long time.

Mason Minute Kevin Mason Baby Boomers Life Culture Society Musings Nashville 30 Years Exxon Fifteen Years Virginia Beach Yesterday Eighties Tiger Mart Mid-80S 7-Eleven Last Month ONE Seventies TWO Kevin Nation One Day Seven-Elevens Seven Maison Eleven
Slurpee (MM #3693)

The Mason Minute

01:00 min | 1 year ago

Slurpee (MM #3693)

"The Maison with Kevin Nation. I did something yesterday with my wife that I hadn't done in probably 30 years and I'm just guessing here. We went to seven eleven for a fact, it was enjoyable. Reason, I haven't done it in so long as I haven't lived anywhere where there have been seven-elevens for a long time. The grant I've been here in Nashville, fifteen years and what we, finally, just started getting seven-elevens over the course of the last month or two off of the local Exxon dealers. Went from Tiger Mart, sand, kind of sold the franchise out to 7:11. So I'll 7/11 was here back in Nashville back and they think the seventies and maybe into the eighties. By the time I started coming around to town in the mid-80s, they were long gone. And I had lived anywhere, but had a 7-Eleven literally in probably 30 years. Virginia Beach had seven-elevens when I was growing up in the high school and college Years. And so probably goes back to at least, then when I last had one, it was good, it was enjoyable, it was fun. But I don't know what this point in life. How much it really mattered? Am I going to go back every now? And again for a Slurpee like I did back in the good old days. Well, you know, I'm not going to but for one day, it was good to be young. Again, hard to believe, that 7-Eleven hasn't been in my life for a long, long time.

Mason Minute Kevin Mason Baby Boomers Life Culture Society Musings Nashville 30 Years Exxon Fifteen Years Virginia Beach Yesterday Eighties Tiger Mart Mid-80S 7-Eleven Last Month ONE Seventies TWO Kevin Nation One Day Seven-Elevens Seven Maison Eleven
Slurpee (MM #3693)

The Mason Minute

01:00 min | 1 year ago

Slurpee (MM #3693)

"The Maison with Kevin Nation. I did something yesterday with my wife that I hadn't done in probably 30 years and I'm just guessing here. We went to seven eleven for a fact, it was enjoyable. Reason, I haven't done it in so long as I haven't lived anywhere where there have been seven-elevens for a long time. The grant I've been here in Nashville, fifteen years and what we, finally, just started getting seven-elevens over the course of the last month or two off of the local Exxon dealers. Went from Tiger Mart, sand, kind of sold the franchise out to 7:11. So I'll 7/11 was here back in Nashville back and they think the seventies and maybe into the eighties. By the time I started coming around to town in the mid-80s, they were long gone. And I had lived anywhere, but had a 7-Eleven literally in probably 30 years. Virginia Beach had seven-elevens when I was growing up in the high school and college Years. And so probably goes back to at least, then when I last had one, it was good, it was enjoyable, it was fun. But I don't know what this point in life. How much it really mattered? Am I going to go back every now? And again for a Slurpee like I did back in the good old days. Well, you know, I'm not going to but for one day, it was good to be young. Again, hard to believe, that 7-Eleven hasn't been in my life for a long, long time.

Mason Minute Kevin Mason Baby Boomers Life Culture Society Musings Nashville 30 Years Exxon Fifteen Years Virginia Beach Yesterday Eighties Tiger Mart Mid-80S 7-Eleven Last Month ONE Seventies TWO Kevin Nation One Day Seven-Elevens Seven Maison Eleven
"exxon" Discussed on WSB-AM

WSB-AM

03:11 min | 2 years ago

"exxon" Discussed on WSB-AM

"That happening certainly could be wrong even examine acts on mobile he this is a wonderful example of puts in perspective arounds with as an investor what are you investing in how badly with Exxon Mobil have to do to tie or or match the ten year treasury member tender treasury rates have have gone down dramatically they've gone down dramatically because people are fleeing towards fixed income fleeing towards bonds bond prices go up the treasury's go de R. if interest rates go down because it's an inverse relationship that's just how it works so there's been such a demand for fixed income and bonds that prices up interest rates down under under one percent actually around point seven for the ten year treasury but let's look at Exxon Mobil let's look at let's compare the two ten thousand dollars in Exxon Mobil ten thousand dollars in the ten year treasury today and let's assume it's a one percent we even though it's lower than that and let's assume Exxon's at six point five five percent which is the dividend last week it seems probably it's gonna be higher than that likely next week but let's just say those are the two numbers pay accent paying six point five five ten year treasury paying one excellent as a and again I've beaten down dividend stock energy is extraordinarily out of favor so less planes less traveled energy prices coming down all out war in the Middle East on prices for energy prices lightships likable likely going down even further as in fossil fuels are going away by the way the way of the dinosaurs and even though the IAEA the international energy agency is basically saying that we're gonna they're gonna still have almost thirty percent growth in fossil fuels oil over the next twenty years but that's beside the point the the the world right now is acting as though everything is going to be powered by hamsters running around a little we'll cages which I don't believe it's gonna happen ten thousand dollars turned into eleven thousand dollars for the ten year treasury over ten years ten to eleven you get a thousand dollars in income ten thousand dollars into eleven thousand over ten years is actually less than that but we're gonna just say one percent obviously if this if excimer say flat yep that it yields about six and half percent you look at the income even if you don't reinvest it would grow by about sixty five percent versus ten how badly with Exxon Mobil have to do in order to tie or match the ten year treasury he would have to fall fifty five percent in price fifty five percent on a price basis still turns ten thousand dollars in axon into eleven groups and two eleven thousand dollars over the next ten years that's an average annual price drop of almost eight percent per decade which is double the worst decade we've seen for Exxon I can't recommend you go out by this obviously disclaimer disclaimer but I want to give you some perspective between stocks paying dividends in interest rates on treasury state we are in a quick break weather traffic and more money matters right here ninety five point five WSPA so in nineteen you must be twenty four hour traffic center it's a travel advisories on the outer loop is construction two eighty five south bound south camp creek parkway exit to two right lanes are not down as traffic is really slowing in the area use the downtown connector seventy five eighty five at south bound and even north bound you're.

Exxon