Word: exxon
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...wrath of leading environmental groups. But last week, the two oil majors faced their biggest challenge so far: a Kremlin backlash that could hold up or even potentially derail their plans. Moscow revoked a key environmental license for Shell's $20 billion project, and took a tough line with Exxon over likely cost overruns on its $13 billion efforts. Russian officials also took aim at a third big oil exploration site in the Arctic by France's Total, saying it wasn't performing as promised. Widely interpreted as the latest attempt by the Kremlin to gain control of its massive...
...Exxon Mobil...
...firm connected to Exxon Mobil appears to be behind a ham-fisted youtube.com parody of AL GORE. (Hey, did you know he's considered boring? It's true!) In the Internet age, the only kind of political trick less trustworthy than a slick campaign ad is an amateurish...
...image campaign a greenwash? If nothing else, the company?s mishaps or missteps suggest that its activities merit more scrutiny from consumers and regulators alike. While hard to quantify, BP may well be reaping untold sales as a result of its green image, as consumers choose its gas over Exxon?s, whose image is still tainted by the Valdez disaster...
...also worth putting BP?s transgressions, alleged or otherwise, in context. No other integrated oil company - certainly none with $285 billion in sales - has made a bigger commitment to alternative energy, cutting greenhouse gases and educating the public about conservation. Compared to Exxon, which still doesn?t support regulation of greenhouse gases, BP deserves high marks...