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.
Blog Post
Ahead of tomorrow’s anticipated release of BP’s second-quarter financial statements–and of the massive losses–BP is expected to appoint Managing Director Bob Dudley to replace Tony Hayward as CEO during tonight’s board meeting in London. Hayward…
Blog Post
1-26-09 by dugan The major oil companies will be reporting their 4th quarter 2008 and annual profits this week, and here’s a safe prediction: They’ll lean on the drop in their 4th quarter profits as…
Blog Post
12-19-08 by dugan Do I have this right? A giant financial/insurance company, AIG, gets two taxpayer bailouts totaling $150 billion, no strings attached, which does zero to help distressed homeowners or the frozen credit…
Press Release
Exxon, Shell Profit Records Cap an Orgy That Weakened U.S., World Economies, Says Group ‘Consumers Now Know Where Their Money Went’; Congress, White House Must Prevent a Repeat of Costly Energy Bubble CONTACT: Judy Dugan,…
Blog Post
8-17-08 by dugan Watching ExxonMobil’s ad blitz on NBC during the Olympics, you’d think it was a company dedicated to teaching science, mentoring young engineers and eradicating malaria in the Third World. At an estimated…
Blog Post
7-22-08 by dugan I’ve been suspicious of oilman T. Boone Pickens’ new campaign for wind power and natural gas vehicles, partly because it looked like he’d be profiting on the backs of California taxpayers by…
Blog Post
7-11-08 by dugan I’ve heard many an oil executive say their company would be glad to build new refineries, but the government/the environmentalists won’t let it happen. President Bush has called for dumping environmental regulation…
Blog Post
5-22-08 by dugan Watching the same pack of oil executives troop to the House of Representatives today and the Senate yesterday was mostly a deja vu experience. The execs’ canned testimony was from…
Blog Post
8-19-08 by dugan The shareholder revolt against Exxon is going global. Four big institutional investors in Britain have joined a shareholder resolution demanding that Exxon have an independent chairman of the board, and the new…
Blog Post
4-11-08 by dugan Maybe you can only afford to fill your gas tank halfway these days, but I’m sure Big Oil is thanking you. A Bloomberg survey of the profit landscape looks like…
Blog Post
3-04-08 by simpson A California Public Utilities Commission staff report recommends a whopping 89.7 percent rate increase for a Chevron-owned water company serving the tiny hamlet of Casmalia. Not as outrageous as the 138 percent…
