Monitoring the activity of the industry’s largest companies.
BP | Chevron | Conoco | ExxonMobile | Occidental | Shell | Tesoro | Valero | Coal | Natural Gas | Koch Industries
Blog Post
Anyone who thinks BP’s big new promise to put safety before profit should read or watch the ProPublica/Frontline investigation of BP’s wretched safety history. (The Frontline documentary airs Tuesday). It’s the story of a corporation that for years cut costs to fuel growth above all, viewed safety as a waste of money and baldly lied to regulators.
Blog Post
The charitable interpretation of Kenneth Feinberg’s keynote speech Wednesday for the Chamber of Commerce Institute for Legal Reform is that the BP compensations fund administrator is deaf to the implications. When Feinberg opens his mouth, he’ll be validating a powerful and viciously anti-consumer organization whose parent, the Chamber, is deeply involved in pro-corporate politics.
Press Release
Washington, DC — Consumer Watchdog asked President Obama to force BP Fund Administrator Kenneth Feinberg to withdraw from a keynote address Wednesday at a Chamber of Commerce group dedicated to eviscerating spill victims’ legal rights, and to fire Feinberg if he refuses.
The Koch brothers, with their $55 billion net worth backing a politics of destruction and greed, are bad enough alone. But they’re also coordinators of a web of corporate and media powers on the far…
Blog Post
Chevron seemed to act fast–too fast–to shoot down a spoof Monday of the oil company’s “We Agree” faux-caring ad campaign. The spoof was by the Yes Men group, whose “Chamber of Commerce” news conference last…
Press Release
Consumer Group Calls On Pension Funds to Divest From Prop 23 Backers Tesoro, Valero
Santa Monica, CA – Consumer advocates revealed an investor slide presentation by Texas-based oil company Tesoro explaining that oil refiners keep gasoline supplies especially tight on the West Coast to keep profits high through higher pump prices. The slides were included in a letter from Consumer Watchdog to California’s large public pension funds, known as CalPERS and CalSTRS, calling on the funds to divest from Tesoro and another refiner, Valero, which are the chief sponsors of Proposition 23 on the November ballot. The Investment Committee of CalPERS is meeting in Long Beach today.
Blog Post
Big Oil has flooded campuses with millions of dollars to pay for clean energy research at American universities, undermining tradition academic values and potentially furthering a narrow commercial research agenda, according to a report released Thursday by the Center for American Progress. Jennifer Washburn shows how Big Oil has underwritten research at top-tier universities with few protections for scientific objectivity or scholarly independence.
Press Release
New York, NY — A national consumer group is running a 30 second commercial on a Times Square Superscreen that challenges Koch Industries, “the largest oil company you’ve never heard of,” for its record of environmental degradation, political influence, Tea Party funding and climate change denial.
Press Release
Top Prop 23 Funder Doesn’t Want Greentech Competition To Get in Way of Profiteering
Santa Monica, CA – A new report by Consumer Watchdog’s OilWatchdog.org project finds that Valero Energy reaped over $4.5 billion in refining profit while gouging California motorists since it bought its second California refinery in 2002. The oil refining giant, which is also the largest funder of Proposition 23, averaged 37% higher margins on each barrel of oil it refined in California than at refineries it owns elsewhere in the country, according to data published in company financial reports.
Report
A new report by Oil Watchdog finds that Valero Energy reaped over $4.5 billion in refining profit while gouging California motorists since it bought its second California refinery in 2002. The oil refining giant, which is also the largest funder of Proposition 23, averaged 37% higher margins on each barrel of oil it refined in California than at refineries it owns elsewhere in the country, according to data published in company financial reports.
Blog Post
BP executives can’t seriously believe that this time they’ll get safety right. The company’s penny-pinching “safety be damned” culture is too entrenched to reverse–especially if you put the old vice-president of excuses in charge of the new plan.
Blog Post
There’s a name that’s becoming as ubiquitous in dirty oil politics as Coke cans are in greasy spoons. And it’s pronounced like the soft drink, but spelled Koch. Koch-heads now on the radar include Carly Fiorina, the Tea Party and Proposition 23.
Blog Post
It’s amazing how oil companies stay so completely on message. The American Petroleum Institute, the oil industry mouthpiece, is pushing the same deceptive “jobs, jobs, jobs” message as the Texas oil companies backing Proposition 23…
