Venezuela Owes Exxon Almost $1 Billion For Nationalizing Oil Assets

Venezuela Owes Exxon Almost $1 Billion For Nationalizing Oil Assets

In 2007, Venezuela nationalized its oil assets, violating contracts with oil giants such as Exxon. A Paris-based International Chamber of Commerce arbitration panel awarded $908 million to Exxon, and the outcome is being viewed as more of a victory for the country’s state oil company than the company. [More]

Exxon Mobil Pipeline Leaks Into Yellowstone River

Exxon Mobil Pipeline Leaks Into Yellowstone River

Ah, nature. Chirping birds, fresh air and oil gushing into rivers. Credit the latter to a leaking pipeline operated by Exxon Mobil. The company says as many as 1,000 barrels of crude have leaked into Montana’s Yellowstone River, leaving its mark as far as 10 miles away from the pipeline. [More]

Chevron Calls Out Pranksters Who Put Up Fake Site (Update:
It Was All A Hoax)

Chevron Calls Out Pranksters Who Put Up Fake Site (Update: It Was All A Hoax)

UPDATE: This post was based on a hoax perpetrated by the corporate pranksters/filmmakers the Yes Men, who put out a fake press release under the Chevron name. The quote attributed to Chevron in the post came from the fake release. Thanks to Sara for pointing this out. [More]