!! History Commons Alert, Exciting News

Context of 'February 1, 2005: ExxonMobil Becomes World’s Largest Company by Revenue'

This is a scalable context timeline. It contains events related to the event February 1, 2005: ExxonMobil Becomes World’s Largest Company by Revenue. You can narrow or broaden the context of this timeline by adjusting the zoom level. The lower the scale, the more relevant the items on average will be, while the higher the scale, the less relevant the items, on average, will be.

ExxonMobil begins funding the Washington, DC-based organization Frontiers of Freedom. The organization, founded in 1996 by former Senator Malcolm Wallop to promote property rights and critique environmental regulations, will use ExxonMobil’s money to participate in an effort (see April 1998) to discredit the scientific consensus that rising global temperatures are being caused by the increase of greenhouse gases. One of the group’s staff members is Myron Ebell, an outspoken global warming skeptic. By 2005, ExxonMobil will have provided $857,000 in funds to Frontiers of Freedom. [Union of Concerned Scientists, 2007, pp. 11 pdf file]

Entity Tags: ExxonMobil, Myron Ebell, Frontiers of Freedom

Timeline Tags: Global Warming

ExxonMobil awards a $232,000 grant to Frontiers of Freedom to help launch a new branch organization called the Center for Science and Public Policy. The one-man operation will help bring scientists to Capitol Hill to testify on global warming and the health effects of mercury. [Union of Concerned Scientists, 2007, pp. 11 pdf file]

Entity Tags: Center for Science and Public Policy, Frontiers of Freedom, ExxonMobil

Timeline Tags: Global Warming

A number of individuals and organizations that have received funding from oil giant ExxonMobil attack the recently released Arctic Climate Impact Assessment (see November 8, 2004), which found that the Arctic is warming “at almost twice the rate as that of the rest of the world.” The report said that the unprecedented speed of melting in the Arctic is an indication that the climate is undergoing drastic, possibly irreversible, changes that could result in the extinction of numerous species, cause major changes in regional ecosystems, and undermine the livelihood of circumpolar indigenous populations. One of the first attacks on the report is from FoxNews.com columnist Steven Milloy, an adjunct scholar at the libertarian Cato Institute ($75,000 from ExxonMobil). Milloy operates two ExxonMobil-funded organizations—the Advancement of Sound Science Center ($40,000 from ExxonMobil) and the Free Enterprise Action Institute ($50,000 from ExxonMobil)—both of which are registered to his home address in Potomac, Maryland. In his article, titled “Polar Bear Scare on Thin Ice,” he claims that one of the graphs in the study’s 149-page overview report contradicts the study’s conclusions. Harvard biological oceanographer James McCarthy, a lead author of the report, tells Mother Jones that the conclusions are solid. “In order to take that position, you have to refute what are hundreds of scientific papers that reconstruct various pieces of this climate puzzle,” he says. The overview report is a mere summary of a 1,200-plus- page, fully referenced, report, that underwent a rigorous peer-review process before publication. It was based on the work of more than 300 scientists and took four years to complete. Another ExxonMobil-funded group, the George C. Marshall Institute ($310,000 from ExxonMobil), also chimes in, issuing a press release that says the Arctic report was based on “unvalidated climate models and scenarios… that bear little resemblance to reality and how the future is likely to evolve.” Then, on the same day the Senate holds a hearing about the report’s findings, the Competitive Enterprise Institute (CEI) releases a statement claiming “The Arctic Climate Impact Assessment, despite its recent release, has already generated analysis pointing out numerous flaws and distortions.” CEI has received $1,350,000 from ExxonMobil (see May 2005). The Fraser Institute of Vancouver, the recipient of $60,000 from the oil company, claims that “2004 has been one of the cooler years in recent history,” a statement that is contradicted a month later by no one less than the United Nations’ World Meteorological Organization. It will report that 2004 was “the fourth warmest year in the temperature record since 1861.” [Mother Jones, 5/2005]

Entity Tags: Fraser Institute of Vancouver, Competitive Enterprise Institute, Steven Milloy, George C. Marshall Institute

Timeline Tags: Global Warming

ExxonMobil reports $298 billion in revenue for 2004, claiming title as the world’s largest firm by revenue. Walmart, who held the number one position for 2003, generated $288 billion in 2004. The dramatic increase in revenue is attributed to record high oil prices. [Agence France-Presse, 2/1/2004; Knight Ridder, 2/12/2004]

Entity Tags: ExxonMobil

Timeline Tags: Events Leading to Iraq Invasion

In a meeting with the Royal Society, ExxonMobil executives say the company will end its funding of groups that misrepresent the science of climate change. [Royal Society, 9/4/2006 pdf file; Guardian, 9/20/2006; New York Times, 9/21/2006]

Entity Tags: ExxonMobil, Royal Society

Timeline Tags: US Environmental Record

Ordering 

Time period


Email Updates

Receive weekly email updates summarizing what contributors have added to the History Commons database

 
Donate

Developing and maintaining this site is very labor intensive. If you find it useful, please give us a hand and donate what you can.
Donate Now

Volunteer

If you would like to help us with this effort, please contact us. We need help with programming (Java, JDO, mysql, and xml), design, networking, and publicity. If you want to contribute information to this site, click the register link at the top of the page, and start contributing.
Contact Us

Creative Commons License Except where otherwise noted, the textual content of each timeline is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike