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Exxon Mobil Corp XOM

Alternate Symbol(s):  N.XOM

Exxon Mobil Corporation is an international energy and petrochemical company. The Company’s primary businesses include exploration for, and production of, crude oil and natural gas; manufacture, trade, 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. Its segments include Upstream, Energy Products, Chemical Products, and Specialty Products. The Upstream segment explores for and produces crude oil and natural gas. The Energy Products, Chemical Products, and Specialty Products segments manufactures and sells petroleum products and petrochemicals. Energy Products include fuels, aromatics, and catalysts and licensing. Its Chemical Products consists of olefins, polyolefins, and intermediates. Its Specialty Products include finished lubricants, synthetics, and elastomers and resins.


NYSE:XOM - Post by User

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Post by bc4uon Feb 13, 2013 8:48pm
113 Views
Post# 20985180

Climate advocates seek post-SOTU momentum, House l

Climate advocates seek post-SOTU momentum, House l

Climate advocates seek post-SOTU momentum, House looks at energy costs

By Ben Geman and Zack Colman - 02/13/13 05:55 PM ET

COMING THURSDAY: On the heels of President Obama’s State of the Union vow to confront climate change, a pair of liberal Senate lawmakers will seek to stay on the political offensive tomorrow.

Sens. Bernie Sanders (I-Vt.) and Barbara Boxer (D-Calif.), flanked by environmentalists, will roll out legislation to impose fees on greenhouse gas emissions.

The effort arrives a few days before a major Feb. 17 climate demonstration in Washington, D.C.

“Under the legislation, a fee on carbon pollution emissions would fund historic investments in energy efficiency and sustainable energy technologies such as wind, solar, geothermal and biomass. The proposal also would provide rebates to consumers to offset any efforts by oil, coal or gas companies to raise prices,” an advisory states.

The bill faces grim prospects of becoming law. But it’s part of a wider effort to create political space for action on climate change at a time when Obama is planning to use executive powers in the face of congressional gridlock.

Boxer, the chairwoman of the Environment and Public Works Committee, said the legislation would be helpful, but added that Obama has authority to act under the Clean Air Act.

“That will help us move quicker, but the president, really he has got, really, the ability to just carry out the law,” she told reporters in the Capitol Tuesday. “I have to stand sentry here with my colleagues making sure that those regulations that he puts out are not overturned.”

People joining the lawmakers at the bill’s rollout include Sierra Club Executive Director Michael Brune and 350.org co-founder Bill McKibben.

They’re among the organizers of a major climate rally on the National Mall on Sunday that will focus heavily on calls for Obama to reject the proposed Keystone XL oil sands pipeline.

A pair of environmental groups released polls Wednesday showing public support for action on climate change.

The League of Conservation Voters unveiled a survey conducted by Joel Benenson of the Benenson Strategy Group, who is also Obama’s pollster.

It finds that 65 percent of voters support the president taking “significant steps to address climate change now.”

Separately, the Natural Resources Defense Council released a poll taken immediately after Obama’s State of the Union speech Tuesday night.

“(Sixty) percent of Americans support the president using his authority to reduce dangerous carbon pollution, including 53 percent of independents,” states a summary of the survey taken by the Democratic firm Public Policy Polling.

IN THE HOUSE THURSDAY: An Oversight and Government Reform Committee panel will hear from several experts at a hearing about “the effects of rising energy costs on American families and employers.”

Their testimony is available here.

Witnesses will include attorney and energy economist Gene Trisko, who prepares analyses from a coal industry group called the American Coalition for Clean Coal Electricity.

He’ll make the case that Environmental Protection Agency air pollution regulations are driving up consumer electricity costs.

On the motor fuels side of things, a representative of another fossil energy-affiliated group, the Institute for Energy Research, will allege the Obama administration places too many areas off-limits to drilling and that refiners face burdensome regulations.

But Daniel J. Weiss of the liberal Center for American Progress plans to tell the panel that overall energy costs as a share of family income are down slightly since 2008, and that gasoline prices are tethered to global crude oil market factors beyond U.S. control.

“Fortunately, the Obama administration has adopted essential programs to help families and businesses reduce their energy expenditures. This includes investments in energy efficiency, vehicle fuel economy, and clean, renewable electricity — none of which are subject to price volatility experienced by fossil fuels,” his prepared testimony states.

https://thehill.com/blogs/e2-wire/e2-wire/282963-overnight-energy-climate-advocates-seek-post-sotu-momentum-house-looks-at-energy-costs

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