Months after global prices collapsed, oil and gas behemoth Exxon Mobil is facing unprecedented losses. While publicly struggling to adjust to new realities, behind the scenes Exxon is coopting messaging around climate change to steer lucrative tax subsidies towards expanding dubious carbon capture and sequestration (CCS) projects that will only help them produce more oil and gas. Worse, as Covid-ravaged Americans cued their cars into miles long food lines, Trump ensured relief funds went not to them, but to Exxon instead. In the same way that Big Oil didn’t become ubiquitous gently, they will not go gently into their good nights either. L. Michael Buchsbaum reviews how one of the largest global carbon polluters is using Covid-19 and climate change to enrich itself. The Fall of Exxon Rex The biggest merger in history, when Exxon and Mobil combined in 1999, the Irving, Texas-based colossus quickly became the most valuable corporation in the world. Both originally entities within John D. Rockefeller’s infamous Standard Oil monopoly, the controversial decision to allow them to recombine remains a painful … Continue reading The Hydra has many heads: ExxonMobil perversely profits from climate change