News Formal

Guess Who's Paying for Big Oil's Latest Merger? You

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 52%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

The merger offers an illustration of how a small handful of corporate executives make profit-driven decisions for shareholders that have long-term negative consequences for the public.

ExxonMobil's recent purchase of oil and gas rival Pioneer Natural Resources for $59.5 billion creates the single largest producer in the biggest U.S. oilfield, according to Reuters. The completed deal injects upwards of 700,000 barrels of oil and gas into the global market every day. Lower costs and more efficient production mean that consumers will enjoy lower oil and gas prices for a decade, according to ExxonMobil CEO Darren Woods.

In clear and precise language, he identified the extraction and use of fossil fuels as the prime cause of rapid climate change, wrote in detail of the harsh consequences suffered by the world's poorest because of these changes, and blamed wealthy elites, corporations, and singled out the United States and the obscene level of mass consumption that goes on there, as key culprits.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 468. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Seattle companies' big climate pledges are big question marksEmissions at Amazon, Microsoft and Starbucks are all up in recent years.
ソース: axios - 🏆 302. / 63 続きを読む »