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Exxon Mobil Corp XOM

Alternate Symbol(s):  N.XOM

Exxon Mobil Corporation is an international energy and petrochemical company. Its primary businesses include exploration for, and production of, crude oil and natural gas; manufacturing, transport and sale of crude oil, natural gas, petroleum products, petrochemicals, and a variety of specialty products; and pursuit of lower-emission business opportunities including carbon capture and storage, hydrogen, lower-emission fuels and lithium. The Upstream segment explores for and produces crude oil and natural gas. The Energy Products, Chemical Products and Specialty Products segments manufacture and sell petroleum products and petrochemicals. Energy Products include fuels, aromatics, and catalysts and licensing. Its Chemical Products consist of olefins, polyolefins, and intermediates. Its Specialty Products include finished lubricants, synthetics, and elastomers and resins. It also focuses on net-zero greenhouse gas emissions from its operated unconventional operations in the Permian Basin.


NYSE:XOM - Post by User

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Post by bc4uon Jan 24, 2013 2:39pm
53 Views
Post# 20885944

Sen. Kerry keeps cards close to vest on Keystone p

Sen. Kerry keeps cards close to vest on Keystone p

Sen. Kerry keeps cards close to vest on Keystone pipeline

By Ben Geman - 01/24/13 01:12 PM ET

Sen. John Kerry (D-Mass.), President Obama’s nominee for Secretary of State, offered little indication Thursday of whether he would endorse construction of the Keystone XL oil sands pipeline.

“It will not be long before that comes across my desk and at that time I will make the appropriate judgments about it,” Kerry said at his nomination hearing before the Senate Foreign Relations Committee.

The State Department is leading the federal review of TransCanada Corp.'s proposed pipeline to bring Canadian oil sands to Gulf Coast refineries.

The White House faces heavy and competing pressures: Business groups and some unions are lobbying hard for approval, while climate-change activists have made rejection of Keystone a priority.

Kerry has been one of Capitol Hill’s most prominent advocates of curbing greenhouse gas emissions, and Thursday noted that American foreign policy is “defined by leadership on life-threatening issues like climate change.”

He said during the hearing that he will be a "passionate advocate" at State on climate change, and noted extreme weather that took a toll on the U.S. over the past year.

“I will be a passionate advocate about this, but not based on ideology, but based on facts, based on science,” Kerry said.


Kerry, during the hearing, framed addressing climate change in the context of development of green energy technologies, casting it as a major economic opportunity for the U.S.

“The solution to climate change is energy policy,” Kerry said. “This is a job-creator. I can’t emphasize that strongly enough”


Kerry, who is widely expected to be confirmed, would lead State at a time when the U.S. is participating in United Nations-led talks aimed at crafting a new global emissions accord.

State also with other nations through bilateral green energy and climate partnerships.

But Kerry has not tipped his hand on Keystone, either in his Senate role or, on Thursday, as a Cabinet nominee.

“We are responsible for the environmental review, and there are specific standards that have to be met with respect to that review. I am going to review those standards and make sure they are complete,” Kerry said of State’s review.

Kerry said he would try and complete the review by the end of March, but did not promise it, noting he would check back in with State on the status.

“It is happening in the appropriate due course of business. We will try and get it done as soon as we can,” Kerry said of the pipeline review.

The State Department has said it hopes to complete the review by the end of the first quarter of 2013, but a department spokeswoman this week hinted that the timeline might slip.

https://thehill.com/blogs/e2-wire/e2-wire/279093-kerry-keeps-cards-close-to-vest-on-keystone-pipeline

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