Investigating Corporate Influence
Trump is visiting Midland, TX today to visit an oil rig owned by Double Eagle Energy. State and federal campaign finance data show that Double Eagle executives Cody Campbell and John Sellers are major donors to Republican causes, including the Trump re-election campaign. Despite making more than a billion dollars in the oil and gas …
Continue reading “Trump visits oil billionaires, Republican donors as part of Texas campaign stop”
Over the past decade, frackers have lost more than $250 billion and laid off tens of thousands of employees, prompting Wall Street to cut off the money pipeline. At the same time, many CEOs have been rewarded handsomely thanks to generous compensation and severance packages.
Documented analysis highlights how top executives are rewarded by bankruptcy courts and corporate boards, despite their companies’ poor performance.
This week, Exxon Mobil (XOM) released its 2017 10-K report. While news of Exxon abandoning joint projects with Rosneft — and the corresponding $200 million after-tax loss — dominated the headlines, two overlooked items may bear serious consequences for the company. Exxon failed to acknowledge the serious risks posed by ongoing climate litigation and investigations. …