Exxon Mobil

William Munoz/Flickr (CC BY 2.0)

From Texas Standard:

Texan, and former Secretary of State Rex Tillerson testified Wednesday in a Manhattan courtroom, where New York prosecutors are seeking to prove that Exxon Mobil lied to investors about the costs the company faced because of climate change. Tillerson is Exxon Mobil's former CEO.

Call it a sign of the times.

Renewable energy has gotten so cheap that even oil giant Exxon Mobil, which reported $20.8 billion in earnings in 2018, is getting in on the savings.

Martin do Nascimento / KUT

Texas is suing Exxon Mobil for alleged environmental violations following a fire that broke out last week at one of the company's Houston-area plants.

Harris County and the Texas Commission on Environmental Quality are suing Exxon Mobil for allegedly violating the Texas Clean Air Act and Texas Water Code, during a fire that broke out at the company’s oil refinery in Baytown on Wednesday.

Martin do Nascimento / KUT

Texas-based oil giant Exxon Mobil got some good press this week when it announced it was donating $1 million to a campaign to enact a carbon tax in the U.S. But many worry the tax proposal would not slow emissions quickly enough and could harm the environment through its legislative giveaways to the oil and gas industry.