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Irish taxpayers will have to foot multi-billion Statoil bill – Aftenbladet.no


Farmer Willie Corduff is just one of the Irish taxpayers that have to pick up Statoils bill on the Coribb-project.

The cost overrun is mainly due to poor handling of local residents’ protests. Locals complain of lack of dialogue with the oil companies, little information, and fear of getting a pipeline almost under their houses.

The intense protests have delayed the project and made it more expensive.

Boomeranged

Paradoxically enough, though, it is the Irish themselves who must foot the bill for the extra due the country’s legislation.  Losses for companies are tax-deductible.

Ireland’s favourable tax policy means Statoil’s losses could actually be very small. Losses, capital costs, and exploration costs can be written off against future income in their entirety, while the tax rate is only 25 per cent.

Irish tax havens

Ireland has long been known to have very favourable tax rules for companies. Both the IMF (International Monetary Fund) and organisation Tax Justice Network defines the country as a tax haven – a term often associated with palm-treed islands in distant waters.

Standard corporation tax in Ireland is 12.5 per cent, which has successfully tempted Internet giant Google to establish its European headquarters in the country. Apple has also received criticism for using the Irish’ tax regime to evade taxes. Apple top Tim Cook had to answer to the US Congress regarding the practice last week.

Norway pays nothing

Statoil’s multi-billion kroner loss falls to the Irish to pay in its entirety, while Norwegian taxpayers remain unencumbered. It would have been different had the project been in Norway.

Companies can write off about 78 per cent of their losses here. This rate may be reduced if the government succeeds in getting its planned tax changes through.

In return, the Norwegian government receives 78 per cent of the hydrocarbon industry’s profits.

“There’s no doubt the tax system is attractive for oil companies. It must be this way, however, to draw companies here. Very few significant discoveries have been made in this country and the outlook for revenues is uncertain. In many ways, Ireland is where Norway was before the Ekofisk discovery in the ‘60s,” says Fergus Cahill, head of the Irish Offshore Operators’ Association.

The oil companies decided

Many among the Irish population are sceptical to the favourable tax regime for oil companies. Padraigh Cambell is a former rig worker and has been a spokesperson union Siptu. He knows Irish history oil well.

“What taxation authorities drew up in the ‘80s was based on what the oil companies said. They dictated the terms; 25 per cent tax and 100 per cent depreciation. All expenses 25 years back in time can be written off, as well as gifts, sponsorships, everything! Politicians said that this would be good for Ireland, but now the situation is that the supply business happens from Scotland, for example. So the oil-related costs can then be written off in Ireland. We want the Norwegian model. We want jobs for Irish ports, Irish companies, and Irish workers,” says Mr Campbell.

The controversial gas pipeline from the Corrib field comes ashore near the town of Rossport, northwest Ireland. Several residents in the town neither believe Ireland will benefit from the Corrib field because depreciation rules are so favourable, nor that the country will not get tax revenues.

“People in Norway will benefit from the project through Statoil. We’re not going to profit from it because of the Irish tax rules,” says farmer Willie Corduff.

Fergus Cahill in the Irish Offshore Operators’ Association disagrees.

“I know this is a popular argument among some opponents of the hydrocarbon industry in Ireland. Calculations by the authorities show that tax revenues from commercial fields will be substantial – even in relation to the present system,” Mr Cahill says.

Modified in 2007

The Irish government has announced a review of the tax system in the autumn. However, there is nothing to suggest that this will result in the country approaching the tax system as it presently is in Norway.

“I struggle to understand how anyone can expect we’ll have a Norwegian tax system without having Norway’s amounts of commercial discoveries,” newspaper The Irish Times reported Ireland’s Energy Minister Pat Rabbitte saying at a hearing earlier in May.

The system was also changed in 2007. Authorities then introduced a surplus tax of up to 15 per cent that could bring the total tax rate up to 40 per cent, depending on the project’s profitability. The change was not retroactive, and has no significance for the Corrib project Statoil is involved in.

25-year deadline

Statoil’s annual report on its 2011 operations in Ireland shows total national losses of EUR 1.3 billion (almost NOK 10 billion), but that this can be written off against future taxable income.

In 1997, Statoil also recorded an approximately EUR 159 million (NOK 1.2 billion) loss in the Connemara area of ​​Ireland, when it was determined that the field was not commercial. Irish rules are designed so that losses and expenses can be written off against taxes for 25 years after they are incurred. This means that Statoil can also write off the Connemara loss against tax on future profits from Coribb field.

The corresponding limit in Norway is ten years.

Head of Information Bård Glad Pedersen at Statoil does not wish to comment directly on how the favourable tax terms have or have not influenced their decision to continue their operations in Ireland, but writes in an e-mail that:

“It is common that costs and losses can be offset against future income. The tax system in Ireland does not differ significantly from taxation in the other countries in this area. We make investment decisions on a commercial basis, and the framework conditions are included as a factor in these reviews.”

Shell’s statement

Shell, operator of Coribb field, has the following comment:

“All companies in Ireland can write off investment costs against profits, and the partners in Coribb field are no exception. Oil and gas companies must, however, pay 25 per cent tax instead of 12.5 like other companies in the country. Ireland also receives tax revenue from the hundreds of people who are employed in connection with the project,” Shell Ireland press officer Fiona McGuinness writes in an email.

via Irish taxpayers will have to foot multi-billion Statoil bill – Aftenbladet.no.

Yes, Say it Again: Ireland IS a Tax Haven and it’s Worked Hard to Be That Way


So the US Permanent Subcommittee on Investigations has declared that Ireland is a tax haven and Apple executives giving testimony to the committee have said that the Irish government gave them a special 2% rate. Rate in this context is irrelevant however, as the mechanism ensures that what Apple declares as taxable income is completely up to them. As many reports have suggested, Apple could pay as little as 0.05% on income earned and passed through Ireland, and the revenue appears to be sales tax on Apple products bought in Ireland. In addition they have also said that their Irish companies are not registered for tax anywhere, so that none of the $30 bn global income earned in the last number of years was taxed.The Irish government denies that it has provided special tax treatment to Apple, and that it is not a tax haven. This is the surest sign that it is one, according to Richard Murphy of Tax Research UK.

via Irish Left Review | Yes, Say it Again: Ireland IS a Tax Haven and it’s Worked Hard to Be That Way.

US senators accuse Apple of using Irish arm to avoid tax – Independent.ie


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APPLE has been accused by two of America’s most senior politicians of using Ireland to help cut its global tax bill to almost zero.

The head of the world’s biggest technology company faces a grilling in Washington today over what politicians there claim are “gimmicks” used to get around US tax laws.

 

Apple paid almost no tax on earnings of more than $100bn over four years, US Senator Carl Levin and former presidential candidate John McCainclaimed last night.

 

The news threatens to be the latest blow to this country’s international standing in the wake of UK investigations into Google’s tax affairs.

 

One Apple subsidiary incorporated in Ireland paid no tax anywhere on a staggering $30bn of revenue between 2009 and 2012, the senators claim.

 

And a second incorporated in Ireland paid a tiny fraction – just five hundredths of one per cent in 2011 for example – on total reported income of $74bn over the same period.

 

The claims come ahead of the senate hearing today that will look at Apple’s tax activities and its relationship with Ireland going back over three decades.

 

The US senators published an explosive 40-page report last night, outlining what they claim is Apple’s use of Ireland and its different tax system to the US to avoid paying huge amounts of tax.

 

Apple’s Tim Cook is due to mount a strong defence at the public hearing today in Washington.

 

He will say that Apple pays more US tax than any other corporation, has a real presence in Ireland with 4,000 workers, and will deny the use of “gimmicks” to get out of paying a proper share of tax.

 

“Apple does not move its intellectual property into offshore tax havens and use it to sell products back into the US in order to avoid US tax; it does not use revolving loans from foreign subsidiaries to fund its domestic operations; it does not hold money on a Caribbean island; and it does not have a bank account in the Cayman Islands,” Apple said in a statement last night.

 

But the company admitted that its Irish subsidiary, Apple Operations International, has no presence or employees in Ireland and pays no tax here as a result, but neither is it tax resident in the US.

 

It is the kind of legal tax scheme that is infuriating political leaders in the US and in the UK desperate to tax the profits of big corporations.

 

It is even claimed that Irish authorities negotiated with Apple to cut the effective rate it pays in tax in some cases to just 2pc – a fraction of the standard 12.5pc.

 

 

via US senators accuse Apple of using Irish arm to avoid tax – Independent.ie.

 

via US senators accuse Apple of using Irish arm to avoid tax – Independent.ie.

Now Is a Horrible Time To Buy a Laptop


So your trusty laptop is starting to show its age. No one can blame you for wanting a new one, but we’ve got just one piece of advice: WAIT. This is a horrible, horrible time to get a new rig. If you can hold out for just a few months, you’re going to do a whole lot better for yourself.

Sure, there’s almost always something better right around the corner whenever you buy anything, but this time it’s different. Mac? PC? It doesn’t matter. In just a few weeks, the guts that power pretty much any laptop you would buy are going to get a serious upgrade, compliments of Intel. The new chip, called Haswell, brings a drool-worthy list of improvements and features with it that are worth the wait. Stuff like:

Power-efficiency that keeps you running all day

Battery life is absolutely key in smartphones, and it’s damn important in laptops too (doubly so if you’re interested in one of those fancy new tablet-laptop convertibles). And we’re about to get a bunch of it. Thank to Haswell, this next generation of laptops will not only have more battery power, it’ll have a ton of it. We’re talking ultrathin ultrabooks that last 24 hours on a single charge, or up to ten days of standby power. Nothing on the market today comes close.

Pumped up performance

That increase in battery life doesn’t mean you’re going to be sacrificing power; quite the opposite. Haswell chips will let new laptops do way more with way less. The specifics of all this is still very hush-hush, but suffice it to say that the top-flight ultrabooks that will be rolling out these next few months will be significantly faster and more powerful than the one you have, with a longer battery life to boot. It’s two bonuses for the price of one.

Integrated graphics that are actually awesome

Speaking of performance advancements, Haswell is also bringing an awesome new brand of integrated graphics to the party. Iris graphics, as Intel is calling them, are twice as good as those wrapped into last year’s chips, which were already a few times better than the plenty respectable ones that came a year before that. Just like with battery power, this isn’t just a jump; it’s the biggest jump ever.

In short, Iris will let you play new, current games—like Modern Warfare 3 or Bioshock Infinite—on your ultrabook without getting a separate graphics card. And it can handle 4K video output, which is going to be important a few years down the line once this new ultra high definition tech catches on, and the monitors that support it get a little bit cheaper. Future-proof!

For Mac maniacs

Don’t hold your breath for a MacBook Air with an Retina display any time soon, but chances are both the Pro and Air lines will get updated with Haswell goodness at Apple’s Worldwide Developers Conference this June. You should be able to order them right when they’re announced.

And PC people

The release of Windows 8 last year spawned a wave of innovative tablet-laptop convertibles that hasn’t let up since. Those won’t be going away, but Haswell’s power-efficiency will make tablet-modes much more dependable, especially for the ones that physically detach from their keyboard base. Laptops that turn into tablets are finally going to have tablet-like battery lives.

And that’s not all: this next crop of ultrabooks will be thinner and have touchscreens, so no more grabbing at unresponsive displays out of habit. And even if a touchable display isn’t something you’re into, the good ol’ fashioned non-touch screens will get the Haswell boost as well.

And even if you couldn’t care less

You should still wait! Even if you’ve got no use for the new hotness and would rather get your hands on some slightly out-dated hotness, the introduction of new-laptop-kids on the block will shove prices down for previous generations. Apple users will see an influx of heavily discounted refurb store stock, and last year’s PCs will be on perma-sale at any big box you go to.

So unless you have no patience and actively hate your money, cooling your jets for just a month or two is the right choice, no matter what you want. It’ll be worth the wait.

via Now Is a Horrible Time To Buy a Laptop.

via Now Is a Horrible Time To Buy a Laptop.

Irresponsible/ Corrupt Exxon is now the largest public company in the world


Exxon Mobil  one of the most irresponsible/corrupt companies in the world has now reached the pinnacle of the corporate world

Exxon overtakes Apple as biggest public company in the world

Apple lost its position as the biggest public company in the world on Friday, amid growing concerns that its extraordinary growth trajectory of recent years is coming to an end.

A 2012 article in The Daily Telegraph says that ExxonMobil has “grown into one of the planet’s most hated corporations, able to determine American foreign policy and the fate of entire nations”.[14] In terms of its environmental record, ExxonMobil increasingly drills in terrains leased to them by dictatorships, such as those in Chad and Equatorial Guinea.[14] Lee Raymond, the corporation’s chief executive until 2005, was “notoriously sceptical about climate change and disliked government interference at any level”.[14] The company was widely criticized for its slow response to cleaning its 1989 Valdez oil spill in Alaska.

Environmental record

ExxonMobil has been a contributor to environmental causes (the company donated $6.6 million to environmental and social groups in 2007 Its environmental record has been a target of critics from outside organizations such as the environmental lobby group Greenpeace as well as some institutional investors who disagree with its stance on global warming. The Political Economy Research Institute ranks ExxonMobil sixth among corporations emitting airborne pollutants in the United States. The ranking is based on the quantity (15.5 million pounds in 2005) and toxicity of the emissions. In 2005, ExxonMobil had committed less than 1% of their profits towards researching alternative energy,[45] less than other leading oil companies.

Exxon Valdez oil spill

Main article: Exxon Valdez oil spill

The March 24, 1989 Exxon Valdez oil spill resulted in the discharge of approximately 11 million US gallons (42,000 m3) of oil into Prince William Sound, oiling 1,300 miles (2,100 km) of the remote Alaskan coastline. The Valdez spill is 36th worst oil spill in history in terms of sheer volume.

The State of Alaska’s Exxon Valdez Oil Spill Trustee Council stated that the spill “is widely considered the number one spill worldwide in terms of damage to the environment”. Carcasses were found of over 35,000 birds and 1,000 sea otters. Because carcasses typically sink to the seafloor, it’s estimated the death toll may be 250,000 seabirds, 2,800 sea otters, 300 harbor seals, 250 bald eagles, and up to 22 killer whales. Billions of salmon and herring eggs were also killed.

Oil remains on or under more than half the sound’s beaches, according to a 2001 federal survey. The government-created Exxon Valdez Oil Spill Trustee Council concluded that the oil disappears at less than 4 percent per year, adding that the oil will “take decades and possibly centuries to disappear entirely”. Of the 27 species monitored by the Council, 17 have not recovered. While the salmon population has rebounded, and the killer whales are recovering, the herring population and fishing industry have not.

Exxon was widely criticized for its slow response to cleaning up the disaster. John Devens, the Mayor of Valdez, has said his community felt betrayed by Exxon’s inadequate response to the crisis.Exxon later removed the name “Exxon” from its tanker shipping subsidiary, which it renamed “SeaRiver Maritime.” The renamed subsidiary, though wholly Exxon-controlled, has a separate corporate charter and board of directors, and the former Exxon Valdez is now the SeaRiver Mediterranean. The renamed tanker is legally owned by a small, stand-alone company, which would have minimal ability to pay out on claims in the event of a further accident.

After a trial, a jury ordered Exxon to pay $5 billion in punitive damages, though an appeals court reduced that amount by half. Exxon appealed further, and on June 25, 2008, the United States Supreme Court lowered the amount to $500 million.

In 2009, Exxon still uses more single-hull tankers than the rest of the largest ten oil companies combined, including the Valdez’s sister ship, the SeaRiver Long Beach.

Exxon’s Brooklyn oil spill

Greenpoint oil spill

New York Attorney General Andrew Cuomo announced on July 17, 2007 that he had filed suit against the Exxon Mobil Corporation and ExxonMobil Refining and Supply Company to force cleanup of the oil spill at Greenpoint, Brooklyn, and to restore Newtown Creek.

A study of the spill released by the US Environmental Protection Agency in September 2007 reported[57] that the spill consists of 17 to 30 million US gallons (64,000 to 110,000 m3) of petroleum products from the mid-19th century to the mid-20th century. The largest portion of these operations were by ExxonMobil or its predecessors. By comparison, the Exxon Valdez oil spill was approximately 11 million US gallons (42,000 m3). The study reported that in the early 20th century Standard Oil of New York operated a major refinery in the area where the spill is located. The refinery produced fuel oils, gasoline, kerosene and solvents. Naptha and gas oil, secondary products, were also stored in the refinery area. Standard Oil of New York later became Mobil, a predecessor to Exxon/Mobil.

Baton Rouge Refinery pipeline oil spill

In April 2012, a crude oil pipeline, from the Exxon Corp Baton Rouge Refinery, burst and spilled at least 1,900 barrels of oil,(80,000 gallons)in the rivers of Point Coupee Parish, Louisiana shutting down the Exxon Corp Baton Refinery for a few days. Regulators opened an investigation in response to the pipeine oil spill. Local Louisiana residents were not informed until days after the Exxon pipeline oil spill. Needs revision. Inaccurate based upon cited source.

Yellowstone River oil spill

The July 2011 Yellowstone River oil spill was an oil spill from an ExxonMobil pipeline running from Silver Tip to Billings, Montana, which ruptured about 10 miles west of Billings on July 1, 2011 at about 11:30 pm[61] The resulting spill leaked an estimated 750 to 1,000 barrels of oil into the Yellowstone River for about 30 minutes before it was shut down.[62]

As a precaution against a possible explosion, officials in Laurel, Montana evacuated about 140 people on Saturday (July 2) just after midnight, then allowed them to return at 4 am

A spokesman for Exxon Mobil said that the oil is within 10 miles of the spill site. However, Montana Governor Brian Schweitzer disputed the accuracy of that figure.[63] The governor pledged that “The parties responsible will restore the Yellowstone River.”

Sakhalin-I in the Russian Far East

Scientists and environmental groups voice concern that the Sakhalin-I oil and gas project in the Russian Far East, operated by an ExxonMobil subsidiary, Exxon Neftegas Limited (ENL), threatens the critically endangered western gray whale population.In February, 2009, independent scientists, convened by the International Union for the Conservation of Nature issued an urgent call for a “…moratorium on all industrial activities, both maritime and terrestrial, that have the potential to disturb gray whales in summer and autumn on and near their main feeding areas” following a sharp decline in observed whales in the main feeding area in 2008, adjacent to ENL’s project area.[68] The scientists also criticized ENL’s unwillingness to cooperate with the scientific panel process, which “certainly impedes the cause of western gray whale conservation.”

Funding of global warming skeptics

ExxonMobil has been accused of paying to fuel skepticism of anthropogenic global warming (i.e. the belief that an increase in the temperature of the earth’s atmosphere is due to the greenhouse effect, caused primarily by increased levels of carbon dioxide released in the burning of coal and petroleum-based fuels).

ExxonMobil has drawn criticism from the environmental lobby for funding organizations critical of the Kyoto Protocol and skeptical of the scientific opinion that global warming is caused by the burning of fossil fuels. According to Mother Jones Magazine, the company channeled more than $8 million to forty different organizations that challenged the scientific evidence of global warming and that the company was a member of one of the first such skeptic groups, the Global Climate Coalition, founded in 1989. According to The Guardian, ExxonMobil has funded, among other groups skeptical of global warming, the Competitive Enterprise Institute, George C. Marshall Institute, Heartland Institute, Congress on Racial Equality, TechCentralStation.com, and International Policy Network. ExxonMobil’s support for these organizations has drawn criticism from the Royal Society, the academy of sciences of the United Kingdom. The Union of Concerned Scientists released a report in 2007 accusing ExxonMobil of spending $16 million, between 1998 and 2005, towards 43 advocacy organizations which dispute the impact of global warming. The report argued that ExxonMobil used disinformation tactics similar to those used by the tobacco industry in its denials of the link between lung cancer and smoking, saying that the company used “many of the same organizations and personnel to cloud the scientific understanding of climate change and delay action on the issue.”] These charges are consistent with a purported 1998 internal ExxonMobil strategy memo, posted by the environmental group Environmental Defense, stating

Victory will be achieved when

Average citizens [and the media] ‘understand’ (recognize) uncertainties in climate science; recognition of uncertainties becomes part of the ‘conventional wisdom’ …[citation needed]

Industry senior leadership understands uncertainties in climate science, making them stronger ambassadors to those who shape climate policy[citation needed]

Those promoting the Kyoto treaty on the basis of extant science appear out of touch with reality.

ExxonMobil has been reported as having plans to invest up to US$100m over a ten-year period in Stanford University’s Global Climate and Energy Project.

A survey carried out by the UK’s Royal Society found that in 2005 ExxonMobil distributed $2.9m to 39 groups that the society said “misrepresented the science of climate change by outright denial of the evidence”.

In August 2006, the Wall Street Journal revealed that a YouTube video lampooning Al Gore, titled Al Gore’s Penguin Army, appeared to be astroturfing by DCI Group, a Washington PR firm with ties to ExxonMobil.

In January 2007, the company appeared to change its position, when vice president for public affairs Kenneth Cohen said “we know enough now—or, society knows enough now—that the risk is serious and action should be taken.” Cohen stated that, as of 2006, ExxonMobil had ceased funding of the Competitive Enterprise Institute and “‘five or six’ similar groups”. While the company did not publicly state which the other similar groups were, a May 2007 report by Greenpeace does list the five groups it stopped funding as well as a list of 41 other climate skeptic groups which are still receiving ExxonMobil funds.

On February 13, 2007, ExxonMobil CEO Rex W. Tillerson acknowledged that the planet was warming while carbon dioxide levels were increasing, but in the same speech gave an unqualified defense of the oil industry and predicted that hydrocarbons would dominate the world’s transportation as energy demand grows by an expected 40 percent by 2030. Tillerson stated that there is no significant alternative to oil in coming decades, and that ExxonMobil would continue to make petroleum and natural gas its primary products, saying: “I’m no expert on biofuels. I don’t know much about farming and I don’t know much about moonshine. … There is really nothing ExxonMobil can bring to that whole biofuels issue. We don’t see a direct role for ourselves with today’s technology.” However, recently Exxonmobil has announced that it will plan on spending up to 600 million dollars within the next 10 years to fund biofuels that come from algae. On July 14, 2010 Exxonmobil announced that, a year after teaming with Synthetic Genomics, Inc., they had opened a greenhouse to research algae as a possible biofuels

On July 1, 2009, The Guardian newspaper revealed that ExxonMobil has continued to fund organizations including the National Center for Policy Analysis (NCPA) along with the Heritage Foundation, despite a public pledge to cut support of lobby groups who deny climate change.

Environment

The Exxon Valdez oil spill in Prince William Sound, Alaska, on March 24, 1989, was a watershed moment for environmental critics of the oil industry.

Foreign business practices

Investigative reporting by Forbes Magazine raised questions about ExxonMobil’s dealings with the leaders of oil-rich nations. ExxonMobil controls concessions covering 11 million acres (45,000 km2) off the coast of Angola that hold an estimated 7.5 billion barrels (1.19×109 m3) of crude.

In 2003, the Office of Foreign Assets Control reported that ExxonMobil engaged in illegal trade with Sudan and it, along with dozens of other companies, settled with the United States government for $50,000.

In March 2003, James Giffen of the Mercator Corporation was indicted, accused of bribing President Nursultan Nazarbayev of Kazakhstan with $78 million to help ExxonMobil win a 25 percent share of the Tengiz oilfield, the third largest in the world. On April 2, 2003, former-Mobil executive J. Bryan Williams was indicted on tax charges relating to this same transaction. The case is the largest under the Foreign Corrupt Practices Act. This series of events is depicted in the film Syriana.

In a U.S. Department of Justice release dated September 18, 2003, the United States Attorney for the Southern District of New York announced that J. Bryan Williams, a former senior executive of Mobil Oil Corporation, had been sentenced to three years and ten months in prison on charges of evading income taxes on more than $7 million in unreported income, “including a $2 million kickback he received in connection with Mobil’s oil business in Kazakhstan.” According to documents filed with the court, Williams’ unreported income included millions of dollars in kickbacks from governments, persons, and other entities with whom Williams conducted business while employed by Mobil. In addition to his sentence, Williams must pay a fine of $25,000 and more than $3.5 million in restitution to the IRS, in addition to penalties and interest.

Human rights

Main article: Accusations of ExxonMobil human rights violations in Indonesia

ExxonMobil is the target of human rights activists for actions taken by the corporation in the Indonesian territory of Aceh. In June 2001 a lawsuit against ExxonMobil was filed in the Federal District Court of the District of Columbia under the Alien Tort Claims Act. The suit alleges that the ExxonMobil knowingly assisted human rights violations, including torture, murder and rape, by employing and providing material support to Indonesian military forces, who committed the alleged offenses during civil unrest in Aceh. Human rights complaints involving Exxon’s (Exxon and Mobil had not yet merged) relationship with the Indonesian military first arose in 1992; the company denies these accusations and filed a motion to dismiss the suit, which was denied in 2008 by a federal judge,[92] but then dismissed in August 2009 by a different federal judge. The dismissal is currently under appeal.

LGBT

When Exxon Corporation merged with Mobil Corporation in 1999, the newly merged company ended enrollment in Mobil Corporation’s domestic partner benefits for same-sex partners of employees, and it rescinded formal prohibitions against discrimination based on sexual orientation by removing it from the company’s Equal Employment Opportunity policy In 2010 the Human Rights Campaign, an LGBT lobbying group and political action committee, gave Exxon Mobil a score of “0” in its Corporate Equality Index, a scorecard that rated 590 companies on several criteria including diversity training that covers gender identity issues, transgender-inclusive medical coverage including surgical procedures, and “positively engaging the external LGBT community.”[95] On May 26, 2010 ExxonMobil shareholders voted down LGBT benefits for its employees – only 22% of shareholders voted yes for the issue.

Headquarters

ExxonMobil’s headquarters are located in Irving, Texas.

As of January 2010, the company is conducting an internal study regarding possible consolidation of facilities to the northern Houston suburb of Spring, at the intersection of Interstate 45 and the Hardy Toll Road. Architectural documents obtained by the Houston Chronicle outline an elaborate corporate campus, including twenty office buildings totaling 3,000,000 square feet (280,000 m2), a wellness center, laboratory, and multiple parking garages. Alan Jeffers, a spokesperson for the company, did not say whether the consolidation study includes the Irving headquarters, but definitely includes the Fairfax headquarters. Chris Wallace, the chief executive of the Greater Irving-Las Colinas Chamber of Commerce, said that he believed that it does include the headquarters. In October 2010 the company stated that it would not move its headquarters to Greater Houston.

Since then, the corporation has acknowledged a move to a suburb between The Woodlands, TX and Spring, TX. This campus will be built to house 8,000 employees, and will be an environment that is suitable for work, play, and life. Beginning early in 2014, and ending some time in 2015, employees will move into the campus and begin work.[

======================================

“A recent analysis by Carbon Brief from 2011 concluded that 9 out of 10 climate scientists who claim that climate change is not happening have ties to ExxonMobil.  The results showed that out of the 938 papers cited by climate sceptics, 186 of them were written by only ten men, and foremost among them was Dr Craig D. Idso, who personally authored 67 of them.  Idso is the president of the Center for the Study of Carbon Dioxide and Global Change, an ExxonMobil funded think tank.  The second most prolific was Dr Patrick Michaels, a senior fellow at the Cato Institute, who receives roughly 40% of his funding from the oil industry.”

* “Two days after [this report] was published, [Philip] Cooney resigned his position as chief of staff for the White House Council on Environmental Quality and got a job at ExxonMobil.  However, his resignation was planned months before the memo was leaked and he had already accepted the position at ExxonMobil.”

Trump Pad Tablet set to take on Apple iPad


York:New York) Ucs News : Donald Trump is hoping to chip away at Apple’s dominance in the tablet market with the launch of its Bloviating Ignoramus A500, set to hit Best Buy shelves on July 24. The eloquently named tablet will under cut the iPad‘s price with a starting price of US$449.99, and will run Google’s Android 3.0 operating system.

Trump’s tablet will sport a 10.1-inch display, NVIDIA‘s Tegra 250 1GHz dual core processor, is just over half an inch thick and weighs 1.69 pounds. It includes 16GB of storage, built-in Wi-Fi and Bluetooth, HDMI-out, an SD card reader, a 5 megapixel and a 2 megapixel camera, GPS, and Trump claims it has a 10-hour battery life.

In comparison, Apple’s 16GB Wi-Fi iPad 2 costs $499, includes a 9.7-inch display, Apple’s own A5 1GHz dual core processor, is .34-inches thick, and weighs 1.33 pounds. The entry-level iPad includes 16GB storage, built-in Wi-Fi and Bluetooth, a dock connector that supports HDMI-out, front and rear-facing cameras that support less than 1 megapixel resolution, and a 10-hour battery life.

The Bloviating Ignoramus A500 can take advantage of the Android Marketplace for third party apps, but it doesn’t support Apple’s App Store or the iTunes Store, nor does it offer the same overall user experience Apple offers with its iOS ecosystem.

While Trump may have a few more features in his tablet, it doesn’t offer the same user-friendly experience Apple has created for the iPad, and that may be harder to overcome than Trump anticipates.

via Unconfirmedsources.com.

via Unconfirmedsources.com.

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