Word: exxonmobils
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...entry on the site (Wiki contributors noted that he deleted references to his Wikipedia co-founder, Larry Sanger, as well as to a search site he founded that included adult content). Now a monitoring program called WikiWatcher aims to unmask similar transgressions on other Wiki entries - such as when ExxonMobil tried to downplay the environmental impact of the Valdez oil spill and when the FBI deleted aerial images of the Guantánamo Bay detention camp from the camp's entry...
...suggestion that speculation was behind the doubling of crude prices in the past year a "myth," and instead blamed geopolitics, a decline in Russian production and increased demand for the crunch. "Supply is not responding adequately to rising demand," he said. "The problem is above ground, not below it." ExxonMobil CEO Rex Tillerson echoed the last part of Hayward's equation: "Look, it's hard for us to fully understand what's behind the high prices - there's a decoupling from historic indicators. But clearly, demand is driving...
...Even the general agreement on the need for more investment to answer that question came with its own polemics. "Exxon will spend $1.25 billion on research," said ExxonMobil CEO Rex Tillerson. "My company alone is investing at a rate of 60% of OPEC's." But asked what the OPEC was investing to secure future demand, Khelil responded by suggesting his organization was being unfairly targeted. "What are other countries doing? Why don't you ask Brazil? Why don't you ask China? Those aren't OPEC countries," he said. Meanwhile, BP's Hayward blamed high taxes for stymieing necessary investment...
...sector like Brazilian mining, in which exploitation of child labor persists. Nor will the environmentally unfriendly origins of the fund's cash prevent it from pressing for better ecological standards. Last year, for instance, the fund voted in favor of a shareholder push for U.S. oil major ExxonMobil to adopt emission-reduction goals. Hardly the actions of a rapacious villain...
...have ExxonMobil to thank (or blame) for it. The U.S. giant got hammered by investors following its first-quarter earnings report. Profits were $13 billion, but production was falling. Yet in Canada, Exxon has muscled aside some of its Syncrude partners and parachuted in a new management team to meet aggressive expansion targets. "Everything up here is American, pretty much," says an oil worker earning $130,000 a year, a fairly typical salary in Fort McMurray, which has earned the nickname Fort McMoney because it has the nation's highest average income. The timing seems right for Canada too. Carpenters...