Exxon Mobil’s demotion from the Dow Jones Industrial Average after nearly a century is being celebrated by environmentalists as a harbinger of the fossil fuel industry’s demise. The oil behemoth was the longest-running member of the blue-chip stock market index after being added in 1928 when it was still called Standard Oil of New Jersey. In 2013, Exxon was the most valuable company on earth, valued at around $418billion. Exxon Mobil is not alone in dropping out. Pharmaceuticals giant, Pfizer, and Raytheon Technologies, an aerospace and defence manufacturer, will also drop from the Dow before trading opens this coming Monday.
Independent 26th Aug 2020 read more »
Greenpeace activists from Germany have launched a protest in the North Sea to call out Shell’s plans to abandon an estimated 11,000 tonnes of oil in the sea. The Greenpeace ship Esperanza approached the exclusion zone of Shell’s platforms in the Brent oil field with protestors on board waving banners calling on Shell to clean up its mess.
Greenpeace 25th Aug 2020 read more »