Tag Archives: ExxonMobil

ExxonMobil Sues Feds Over $2M Fine Levied For Violating Russian Sanctions When Tillerson Was CEO

Reuters reports: Exxon Mobil Corp sued the U.S. government on Thursday, blasting as “unlawful” and “capricious” a $2 million fine levied against it for a three-year-old oil joint venture with Russia’s Rosneft. The U.S. Treasury Department on Thursday morning slapped the world’s largest publicly traded oil producer with the fine for “reckless disregard” of U.S. sanctions in dealings with Russia ...

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Treasury Department Fines ExxonMobil $2 Million For Violating Sanctions On Russia When Tillerson Was CEO

Reuters reports: The U.S. Treasury Department on Thursday said it was fining global oil company ExxonMobil Corp $2 million for violating sanctions on Russia in May 2014. The heads of the company’s U.S. subsidiaries signed eight documents between May 14 and May 23, 2014 with Igor Sechin, the head of Russia’s largest oil producer, Rosneft, Treasury’s Office of Foreign Assets ...

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Exxon Seeks Waiver From US Sanctions On Russia

The Independent reports: Exxon Mobil has reportedly applied to the US Treasury Department for a waiver from US sanctions on Russia, which – if granted – would mean that it can resume its joint venture with Russian-state owned oil giant PAO Rosneft. Citing people familiar with the matter, the Wall Street Journal reported that Exxon had been seeking US permission ...

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SWAMPY: Exxon Paid Tillerson $27M In 2016

Reuters reports: U.S. Secretary of State Rex Tillerson received compensation worth $27.4 million last year when he was chief executive of Exxon Mobil Corp, the world’s largest publicly traded oil producer, regulatory filings showed on Thursday. He and other senior executives got raises even though Exxon’s net income fell more than 50 percent in 2016 as the company, like many ...

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REPORT: Rex Tillerson Used Email Alias To Cloak Climate Change Talk From Exxon’s Public Records

Talking Points Memo reports: Secretary of State Rex Tillerson used an email alias to discuss issues related to climate change while he was an executive at ExxonMobil, according to the New York attorney general. Attorney General Eric Scheiderman made the claim in a letter Monday asking a New York state judge to enforce a subpoena for documents in the state’s ...

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Tillerson Recuses From Keystone Pipeline Review

Reuters reports: U.S. Secretary of State Rex Tillerson has recused himself from issues related to TransCanada Corp’s application for a permit for the Keystone XL pipeline, the State Department said in a letter on Thursday to the environmental group Greenpeace. “He has not worked on that matter at the Department of State, and will play no role in the deliberations ...

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Interior Secretary Ryan Zinke Proposes Opening 73 Million Acres Of Gulf Coast Waters To Oil Drilling

The International Business Times reports: The Department of the Interior announced Monday a proposal that would lease 73 million acres in the Gulf of Mexico for oil and gas exploration and development later this year, according to a statement. The massive amount of acreage, spread out across Alabama, Florida, Louisiana, Mississippi and Texas’ shores, would first be put up for ...

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Rex Tillerson Breaks Long-Standing Tradition, Skips Out On State Department’s Annual Human Rights Report

The Washington Post reports: Secretary of State Rex Tillerson, who during his confirmation hearings repeatedly vowed to promote human rights as a core American value, alarmed human rights advocates when he did not appear in person to present the State Department’s annual human rights report, released Friday. In a break with long-standing tradition only rarely breached, Tillerson’s remarks were limited ...

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House GOP Votes To Kill Law Requiring Oil Companies To Reveal Payments To Foreign Governments

Vox reports: On the same day the Senate confirmed Rex Tillerson as Donald Trump’s secretary of state, the House voted to kill a transparency rule for oil companies that Tillerson once lobbied against while CEO of Exxon Mobil. So all in all, a good day for America’s largest oil and gas firm. Using the little-known Congressional Review Act, the House ...

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SWAMPITY: Senate Confirms Tillerson In 56-43 Vote

The New York Times reports: Rex W. Tillerson, the former chairman and chief executive of Exxon Mobil, was confirmed by the Senate on Wednesday in a 56 to 43 vote to become the nation’s 69th secretary of state just as serious strains have emerged with important international allies. The many votes against Mr. Tillerson’s confirmation made his selection among the ...

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Senate Panel Approves Tillerson In Partisan 11-10 Vote

Reuters reports: The U.S. Senate Foreign Relations Committee narrowly approved President Donald Trump’s choice for secretary of state, former Exxon Mobil chairman Rex Tillerson, on Monday. The vote was 11-10, with every committee Republican backing Tillerson and every Democrat opposing his nomination. Tillerson is expected to be confirmed for the position when the matter comes before the 100-member Senate, where ...

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SWAMPITY: Trump Nominee Rex Tillerson To Get $180M Exxon Payout In Advance Of Confirmation Hearing

The Guardian reports: Exxon boss Rex Tillerson will receive more than $180m from the company as he severs financial ties with the oil industry to become Donald Trump’s secretary of state. Tillerson’s confirmation hearings begin next week. If confirmed, Tillerson will surrender all unpaid stock that was part of his pay package, more than 2m shares. In exchange, the company ...

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Leaked Documents Show Rex Tillerson To Be Head Of US-Russian Oil Company Based In The Bahamas

The Guardian reports: Rex Tillerson, the businessman nominated by Donald Trump to be the next US secretary of state, is the long-time director of a US-Russian oil firm based in the tax haven of the Bahamas, leaked documents show. Tillerson – the chief executive of ExxonMobil – has been a director of the oil company’s Russian subsidiary, Exxon Neftegas, since ...

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Seth Meyers On Rex Tillerson: When Trump Drained That Swamp There Was Oil At the Bottom [VIDEO]

Via Raw Story: Seth Meyers is not happy about President-Elect Donald Trump nominating Exxon Mobil CEO Rex Tillerson to be the Secretary of State. The “Late Night” host railed on the pick in his latest “Closer Look” segment, noting, “I guess when they drained that swamp there was oil at the bottom!” Meyers found an old video of Trump at ...

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NOBODY LIKES HIM: Trump Nominee Rex Tillerson Takes Flack From Anti-LGBT AND LGBT Rights Group

Earlier today the Family Research Council denounced Secretary of State nominee Rex Tillerson for his role in opening up the Boy Scouts to gay members. The Human Rights Campaign this afternoon declared that Tillerson might actually be too anti-gay for the job. CNN reports: The Senate should take a hard look at ExxonMobil’s record on gay rights when it considers ...

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Former Defense Secretary And Paid Exxon Consultant Robert Gates “Strongly Endorses” Rex Tillerson

The Hill reports: Former Defense Secretary Robert Gates is offering strong backing to President-elect Donald Trump’s pick to be secretary of State. “I strongly endorse the President-Elect’s selection of Rex Tillerson to be the next Secretary of State,” Gates said in a statement Tuesday morning, according to “Fox & Friends.” “He will bring to the position vast knowledge, experience, and ...

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Trump Formally Nominates Zillionaire Exxon CEO And Putin Crony Rex Tillerson To Be Secretary Of State

Business Insider reports: President-elect Donald Trump has picked Exxon Mobil CEO Rex Tillerson as secretary of state, his team confirmed Tuesday morning. The secretary of state nomination comes after weeks of speculation and numerous rumored candidates. “His tenacity, broad experience and deep understanding of geopolitics make him an excellent choice for Secretary of State. He will promote regional stability and ...

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ExxonMobil Adds LGBT Protections

JMG reader Mike forwards us yesterday’s message from ExxonMobil’s LGBT employee group, which notes that the company’s board of directors has approved the inclusion of sexual orientation and gender identity as protected classes. In July 2014 ExxonMobil announced that it would comply with President Obama’s executive order regarding companies with federal contracts, but at that time a company spokesman would ...

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Take That, Putin

Russia can tear down their monument to Steve Jobs because Apple CEO Tim Cook has come out, but that won’t save their stock market. Via the Telegraph: Apple is now worth more than Russia’s stock market, new data have revealed. The US technology giant’s market capitalisation has overtaken the combined value of all Russian public companies for the first time ...

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TEXAS: ExxonMobil Agrees To Comply With LGBT Employment Executive Order

After many years of refusing to include LGBT employees in their anti-discrimination policies, ExxonMobil, the world’s largest energy corporation, has announced that it will comply with the executive order signed by President Obama just 48 hours ago. Via the Associated Press: Exxon, which according to government records won more than $480 million in federal contracts in 2013 and more than ...

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