CNBC moderated a panel on Monday at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC). The panel consisted of heads of Big Oil and Big Gas. The CEOs spent their time defending their efforts to reduce carbon emissions and intimated that environmental groups pushing for a faster transition to green energy were being unrealistic and overly emotional.
ExxonMobil headed to federal court in Manhattan yesterday. The State of New York is suing the Big Oil giant on charges that the company misled its investors about the climate crisis. And as Baltimore joins New York, Massachusetts, and other cities and counties in the lawsuit arena, it looks as though Big Oil is going to be spending a lot of time on trial in the future.
Oil giant ExxonMobil is headed to federal court in Manhattan on Tuesday, October 22 — and that legal battle may closely resemble similar battles in the tobacco industry. The State of New York is suing ExxonMobil on charges that the company misled its investors about the climate crisis. And today, scientists at Harvard, George Mason, and Bristol universities released a report, “America Misled: How the Fossil Fuel Industry Deliberately Misled Americans About Climate Change.”
During his talk at the World Energy Innovation Forum (WEIF) today, Tesla CEO Elon Musk called for people to revolt against the propaganda of the fossil fuel industry and he even described a tactic he believes the industry used to smear his companies.
“We need to appeal to the people – educate people to sort of revolt against this and to fight the propaganda of the fossil fuel industry which is unrelenting and enormous.” – Musk said.
The CEO implied that the LA Times article from last year that misleadingly asserted that Musk’s companies received $4.9 billion in subsidies originated from the fossil fuel industry. expand full story