Tag: Exxon

White House Caught Copying From ExxonMobil Press Release

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Rex Tillerson, the new Secretary of State, was the former head of fossil fuel giant ExxonMobil and close friend to Russian President Vladimir Putin. Both of these factors were enough to cause massive concern amongst both Democrats and Republicans alike, but Tillerson squeezed through the vetting process and is now the top American diplomat in the land.

People worrying about conflicts of interest still have good reasons to be concerned. The Trump administration’s push for more coal and oil in America’s energy mix is made all the easier with the former Exxon CEO in the Cabinet, and it appears that the President himself has recently taken to openly praising the company on Twitter.

Rex Tillerson, the new Secretary of State, was the former head of fossil fuel giant ExxonMobil and close friend to Russian President Vladimir Putin. Both of these factors were enough to cause massive concern amongst both Democrats and Republicans alike, but Tillerson squeezed through the vetting process and is now the top American diplomat in the land.

People worrying about conflicts of interest still have good reasons to be concerned. The Trump administration’s push for more coal and oil in America’s energy mix is made all the easier with the former Exxon CEO in the Cabinet, and it appears that the President himself has recently taken to openly praising the company on Twitter.

In a statement dated March 6, the White House noted that “President Donald J. Trump today congratulated Exxon Mobil Corporation on its ambitious $20 billion investment program that is creating more than 45,000 construction and manufacturing jobs in the United States Gulf Coast region.”

“This is a true American success story,” Trump said. Indeed, this was the initiative that he recently spoke about on Twitter.

However, there’s a problem with this – a good chunk of this press release was lifted ad verbatim from an official ExxonMobil press release. For some reason, the White House and ExxonMobil decided to release statements, focusing on precisely the same topic of discourse, at exactly the same time.

It is extremely likely, of course, that this is not a coincidence. The White House could have at least tried to rewrite the paragraph to make it their own a little, but they were too lazy even to do that. Or does ExxonMobil now tell the White House what to say?

We shouldn’t even be too happy with the investment either. There are plenty more jobs waiting to be taken in the booming renewable energy sector than there is in the fossil fuel industry, but instead, the focus is on occupations that will help change the climate for the worse.

And yes, new jobs are a good thing, but this ExxonMobil program has been running since 2013, so it’s got nothing to do with Trump at all.

Some might say that he’s highlighting it now to make it look like jobs are on the up under his watch – when in fact, the record streak of job creation America is currently experiencing is down to the hard work of his predecessor.

(h/t IFL Science)

 

Trump Praises Exxon Announcement on Old Investments

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President Donald Trump heralded ExxonMobil’s announcement Monday that it’s investing in manufacturing jobs in the U.S. — even though at least some of the investment started years ago.

Exxon CEO Darren Woods said the company would invest $20 billion in manufacturing projects along the Gulf Coast. But at some of the spending started in 2013 and is expected to continue through at least 2022, Exxon said in a statement. Exxon said at least one of the projects — an aviation lubricants plant in Baton Rouge, Louisiana — had already been completed.

Those facts didn’t deter Trump, who used the occasion to shower praise on the giant oil and gas company that until recently was led by Secretary of State Rex Tillerson.

“45,000 construction & manufacturing jobs in the U.S. Gulf Coast region,” Trump tweeted Monday afternoon. “$20 billion investment. We are already winning again, America!”

In a statement from the White House, Trump said: “This is exactly the kind of investment, economic development and job creation that will help put Americans back to work.”

The White House statement quoted Woods praising Trump. “Private sector investment is enhanced by this Administration’s support for smart regulations that support growth while protecting the environment,” the CEO said.

Woods took over as Exxon’s CEO in January, following Tillerson’s departure. Tillerson, who had lunch with Trump on Monday, has appeared to be out of the loop on a number of key issues and has kept a low profile within the administration.

Under his agreement with the Office of Government Ethics, Tillerson is barred from any matter involving Exxon through the end of the year. And he has until May 2 to finish divesting his stock holdings in the company, which are estimated at about $55 million. That raises the possibility Tillerson still holds a stake in the company for now. The federal law against conflicts of interest exempts the president but does apply to the secretary of state.

Spokesmen for the White House and the State Department did not immediately answer questions about whether Trump and Tillerson discussed the investment at their lunch Monday and whether Tillerson has already liquidated his holdings in Exxon.

In his announcement, Woods said that Exxon’s goal is to create 35,000 construction jobs and 12,000 full-time jobs, Woods said. The company has not said how many of the 11 projects announced Monday were planned under Tillerson.

The strategy of CEOs re-announcing old investments in the Trump era is not new. Softbank CEO Masayoshi Son announced after a December meeting with Trump a tech fund that would invest $50 billion in the U.S. Trump publicized Son’s plan despite the fact that the investment had been part of a previously announced plan.

(h/t Politico)