UN blames global warming on fossil fuels; Exxon posts $40 billion US profit

authordefault
on

Barely a week before scientists from 113 countries issued the long-awaited IPCC report; Exxon Mobil Corp. of Texas announced its record windfall to a storm of protest and accusations of using those profits to fund a campaign denying climate change and protesting efforts to reduce petroleumย consumption.

In addition to Exxon, Royal Dutch Shell PLC, an Anglo-Dutch company, and US-run ConocoPhillips Co., Marathon Oil and Valero Energy also have posted best-ever annualย results.

In a year of rising global temperatures and record gasoline prices, combined profits at the five companies totaled $91.1ย billion.

The 21-page IPCC report, meanwhile, has blamed man-made emissions of greenhouse gases for fewer cold days, hotter nights, killer heat waves, floods and heavy rains, devastating droughts, and an increase in hurricane and tropical storm strength – particularly in the Atlanticย Ocean.

Related Posts

on

Live tracker of the Reform leaderโ€™s personal income.

Live tracker of the Reform leaderโ€™s personal income.
on

A-third of the Reform leaderโ€™s income has come from overseas interests since he became an MP.

A-third of the Reform leaderโ€™s income has come from overseas interests since he became an MP.
on

At the Heartland Instituteโ€™s annual climate conference, fossil fuel allies warn MAHAโ€™s push on regulating chemicals and plastics could threaten the oil industry โ€” exposing a growing rift inside Trumpโ€™s base.

At the Heartland Instituteโ€™s annual climate conference, fossil fuel allies warn MAHAโ€™s push on regulating chemicals and plastics could threaten the oil industry โ€” exposing a growing rift inside Trumpโ€™s base.
on

Experts say mass-produced AI misinformation is the โ€œnew Cambridge Analytica scandalโ€.

Experts say mass-produced AI misinformation is the โ€œnew Cambridge Analytica scandalโ€.