Wednesday, August 02, 2006

[world] asset swapping - shell, exxon, bp and sinopec

Exxon itself is a particularly interesting company, not least because of its xx antecedents. In many ways it is entirely innocent but being who they are, they are on a hiding to nothing. They have invested in the environment, they have committed to sustainable development and the company itself laments:

Exxon stands as the tallest lightning rod for critics who say the oil industry is profiting at consumers’ expense, and parting payments to its former chairman and chief executive, Lee Raymond, have provoked criticism. Exxon officials said they don’t expect the political anger toward the industry to let up soon.
Article here.

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