Gas Prices Up, Globe Still Warming and ExxonMobil Earnings Soar

onJan 24, 2008 @ 11:56 PST

ExxonMobil, the largest publicly traded oil company in the world, is set to announce their largest annual earnings ever. Which also means ExxonMobil will break their own record set last year as the most money ever made by a company in US history.

CNN Money is reporting that ExxonMobil will announce next week $10.37 billion in earnings for the fourth quarter – a paltry $111 million a day.

Expected annual earnings for ExxonMobil in 2007 are a whopping $39 billion – or about $106 million a day, $4.4 million an hour and $73,000 a second.

On another entirely unrelated note, ExxonMobil and their heavily sponsored third-party associations have decried solutions to global warming as just too darn expensive. In fact, until very recently, ExxonMobil did not even acknowledge that global warming was anything to worry about.

Many more have claimed that attempts to put a cap on greenhouse gas emissions would cripple industry, cause huge upswings in the price of oil, and inevitably the price of gas for the everyday consumer.

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By Kevin Grandia

Kevin is a contributor and strategic adviser to DeSmog. He runs the digital marketing agency Spake Media House. Named a “Green Hero” by Rolling Stone Magazine and one of the “Top 50 Tweeters” on climate change and environment issues, Kevin has appeared in major news media outlets around the world for his work on digital campaigning. Kevin has been involved in the public policy arena in both the United States and Canada for more than a decade. For five years he was the managing editor of DeSmogBlog.com. In this role, Kevin’s research into the “climate denial industry” and the right-wing think tank networks was featured in news media articles around the world. He is most well known for his ground-breaking research into David and Charles Koch’s massive financial investments in the Republican and tea party networks. Kevin is the first person to be designated a “Certified Expert” on the political and community organizing platform NationBuilder. Prior to DeSmog, Kevin worked in various political and government roles. He was Senior Advisor to the Minister of State for Multiculturalism and a Special Assistant to the Minister of State for Asia Pacific, Foreign Affairs for the Government of Canada. Kevin also worked in various roles in the British Columbia provincial government in the Office of the Premier and the Ministry of Health. In 2008 Kevin co-founded a groundbreaking new online election tool called Vote for Environment which was later nominated for a World Summit Award in recognition of the world’s best e-Content and innovative ICT applications. Kevin moved to Washington, DC in 2010 where he worked for two years as the Director of Online Strategy for Greenpeace USA and has since returned to his hometown of Vancouver, Canada.

Europe’s Blue Hydrogen Plans Risk Generating Annual Emissions on par With Denmark

ByAline Nippert

onOct 12, 2024 @ 21:01 PDT

DeSmog estimates raise questions over climate benefits as EU officials consider whether the technology should qualify for billions of euros in subsidies.