Exxon reported a whopping $10.7 billion in profits, an increase of 41% from the same period last year. Overall, Exxon has earned over $20 billion in profits in just the first six months of the year. Not surprisingly, ExxonMobil is also one of the most politically engaged of the top five oil companies.Who says the economy is not doing well? The big corporations, particularly Big Oil is doing fine. And read the details about what they do with their profits to increase profits.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Friday, August 5, 2011
Exxon and Shell Announce Massive Profit Gains — All the More to Spend on Influence Peddling and Climate Denial
Click here to access article by Noreen Nielsen from Climate Progress.