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‘There is No Doubt’: Exxon Knew CO2 Pollution Was A Global Threat By Late 1970s

Throughout Exxon’s global operations, the company knew that CO2 was a harmful pollutant in the atmosphere years earlier than previously reported. DeSmog has uncovered Exxon corporate documents from the late 1970s stating unequivocally “there is no doubt” that CO2 from the burning of fossil fuels was a growing “problem” well understood within the company. “It is assumed that the major …

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Global warming will drive vast, unpredictable shift in natural wealth

Many studies have shown that critical natural resources, including fish stocks, are moving poleward as the planet warms. A new Yale-led study suggests that these biophysical changes are also reallocating global wealth in unpredictable, and potentially destabilizing, ways. On its surface, these biophysical movements will shift resources from communities and nations closer to the equator into places closer to the …

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Big U.S. firms hold $2.1 trillion overseas to avoid taxes: study

The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday. The study, by two left-leaning non-profit groups, found that nearly three-quarters of the firms on the Fortune 500 list …

shale bubble

How Shale Is Becoming The Dot-Com Bubble Of The 21st Century – Leonard Brecken

As I review the financials of one of the largest shale producers in the United States, Whiting Petroleum (WLL), I can’t help but notice the parallels to the .COM era of 1999 which, to some extent, has already returned to the technology and biotech sectors of today. Back then, the faster you burned cash to capture customers regardless of earnings …

gmo labeling

GMO Labeling Will Not Increase Food Prices

Tomorrow morning, the House Agriculture Committee will hold a hearing on the impact of GMO labeling on food prices. Several witnesses will raise their hands and give sworn testimony that a simple disclosure on the back of a package that food made with genetically modified ingredients will raise food prices. All of them will be wrong. Here’s the truth: changing labels has …