Trump visits oil billionaires, Republican donors as part of Texas campaign stop

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 …

Exxon’s 10-K fails to acknowledge climate litigation risk, adds new section on reputational risk

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 — ┬ádominated 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. …