Tag Archive | "shareholder-accountability"

BP's Refining Shores Up Profit

Tuesday, July 24, 2007

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BP's Refining Shores Up Profit

NEWS RELEASE July 24, 2007 CONTACT: Judy Dugan, 310-392-0522, ext. 305, or cell: 213-280-0175 BP’s 2nd Quarter Refining Windfall Shores Up Lower Profit Elsewhere; Rest of Big Oil Will Show Same Pattern Of More Money From Making Less Gasoline, Says Group Santa Monica, CA — British oil giant BP today reported a 29% increase in […]

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Big Oil's 'Buy Low, Sell High"

Wednesday, June 20, 2007

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Big Oil's 'Buy Low, Sell High"

06-20-07 by dugan   We’re seeing oil industry clout chip away at the vigor of the energy bill. Today Big Oil got to keep an accounting trick that saves it $4.3 billion a year in taxes, cheats investors and suppresses true profit figures. Keep reading if you want to find out how that works.   […]

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Will Exxon Investors Act?

Wednesday, May 30, 2007

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Will  Exxon Investors Act?

05-30-07 by Simpson A shareholder resolution offered by a group of nuns from New Jersey would have required ExxonMobil to reduce greenhouse gas emissions from both its products and operations. Though it lost at the annual meeting this week, the measure won stronger than expected support with 31 percent of the vote. Big institutional investors […]

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Exxon Shareholders Want Action

Wednesday, May 30, 2007

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Exxon Shareholders Want Action

NEWS RELEASE: May 30, 2007 CONTACT: Judy Dugan, (310) 392-0522, ext. 305, cell: 213 280-0175, or Jamie Court, ext. 327, cell: 310-874-9989 Global Warming Resolution Gains Surprising Support From Exxon Shareholders; 31% ‘Yes’ Vote Puts Management on Defensive, Says Group Santa Monica, CA — A surprisingly large minority of ExxonMobil shareholders, nearly one-third, demanded today […]

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The Nuns Vs. Exxon

Wednesday, May 30, 2007

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The Nuns Vs. Exxon

Bloomberg has the pre-fight preview of the battle at today’s Exxon shareholder meeting between the $1 trillion in investor capital led by the Sisters of  St Dominic and an Exxon board that does not want to set goals for reduction greenhouse gases. The investor group, including the nuns and CALPERS (California state employees’ retirement fund), […]

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Investor Revolt

Saturday, May 26, 2007

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Investor Revolt

  5-26-07 by Court A group of powerful Exxon investors are leading a campaign to stop the reappointment of Public Issue Committee Chair Michael Boskin to the Exxon Board of Directors. Their complaint is that Boskin has consistently refused to meet with them on the issue of global warming despite the fact that he is […]

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The Ethanol Excuse

Friday, May 25, 2007

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The Ethanol Excuse

The New York Times reports that oil companies are using the political push to increase ethanol production as an excuse not to increase their refinery production The nation’s fuel supplies are so low that we have broken gas price records. The federal government is even recalculating inflation-adjusted gas prices to, depending upon how you look […]

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Stanford Bows to Concerns

Thursday, May 17, 2007

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Stanford Bows to Concerns

NEWS RELEASE: May 17, 2007 CONTACT: John M. Simpson, (310) 392-0522, ext. 317, or cell: (310) 292-1902, or Jamie Court, ext. 327 Stanford Bows to Concerns About Ties To "Big Oil U"; University Will Vote Its ExxonMobil Shares In Favor of Shareholder Environmental Proposal Santa Monica, CA — Bowing to concerns voiced about the university’s […]

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Leverage Your Exxon Shares

Monday, May 14, 2007

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Leverage Your Exxon Shares

05-14-07 by dugan OilWatchdog’s admirable older cousin, the web site ExxposeExxon, is calling on shareholders to vote for three reforms at Exxon’s May 30 annual meeting. Here’s the link to the resolutions, and a way to tender your vote to ExxposeExxon. Independent resolutions like these almost never pass, but if they reach a decent threshold […]

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Humbled? Don't take the money

Thursday, April 12, 2007

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Humbled? Don't take the money

By Simpson4-12-2007 It’s not just consumers who are outraged by Big Oil CEO compensation. Disgruntled BP shareholders said a planned payment of an estimated £72 million — $124.5 million — to outgoing chief executive John Browne is unjustified. One called it "vulgar." Peter Sutherland,  BP’s "nonexecutive" chairman of the board, told the annualmeeting that the […]

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