Alan Jeffers, a spokesman for Irving, Texas-based Exxon, denied in a statement that the decision was a setback, even though the fight over the Texas court’s jurisdiction has been central to the case.
The IEA said the stabilization of carbon dioxide emissions was the result of growing renewable power generation, switches from coal to natural gas, improvements in energy efficiency, as well as structural changes in the global economy.
A report claims that the “the entire chain of management” up to the CEO Carlos Ghosn was implicated in the “fraudulent strategies,” though a company official said “Renault doesn’t cheat.”
“No matter what President Trump does or what happens in Washington, cities will continue leading the way on tackling climate change,” said Matt Petersen, Los Angeles chief sustainability officer.
Big oil firms cut back on exploration and development when oil prices plummeted, but energy agencies warn investment is needed to avoid a shortfall in world energy supplies.
Promising to build a "manufacturing powerhouse" along the U.S. Gulf coast, ExxonMobil announces it will invest $20 billion in 11 existing and new facilities.
Scrutiny escalates of Fiat Chrysler vehicles that environmental regulators have said violate pollution laws.
A key component is Exxon’s insistence that the tax be revenue-neutral, which means other taxes would be scaled back so the government’s take wouldn’t be any greater.