Was this from an alternate WPEB? Because this is not the kind of thing you usually see
Exxon says goodbye to New Jersey
The only surprising aspect of ExxonMobil relocating its legal domicile from New Jersey to Texas is that it took this long.
The company is headquartered in the Houston area, and three-quarters of Exxon’s U.S. employees are already in Texas, but the firm retained a Garden State incorporation as a vestige of its 19th-century legacy as Standard Oil. No more.
In March, Exxon’s board of directors unanimously recommended relocation to Texas, to take advantage of its friendlier business climate. The proposal passed this week at a shareholder meeting with over 70 percent support.
It isn’t difficult to imagine why Exxon wants to move its legal responsibilities from a state that has tried to sue major oil companies to the country’s hydrocarbon capital. CEO Darren Woods said the relocation would situate the company in a state “with legislators, judges and juries” who “understand our business and our contributions to society.”
They should also stop selling their products to the government of the state of NJ. See how that goes. Too bad it would create way too many issues pulling their refining and storage operations out of NJ and moving them
Not everyone is happy. New York City Comptroller Mark Levine (D) urged Exxon shareholders to vote against the relocation because it would “disenfranchise” them. Proxy advisories Glass Lewis and Institutional Shareholder Services claimed it could limit shareholder rights.
In other words, a lot of revenue would be leaving the area, including NYC. Maybe they should have thought of that before going full climalawfare on Exxon and other fossil fuels companies.
Politicians like to blame companies for acting in their self-interest, but that’s the easy way out. If New Jersey and Delaware want to retain companies, let alone attract them, they need to take a hard look at what they’re doing to drive so many away.
They won’t. Their cult and hard left political beliefs will continue to run the states down.
I can still recall the stink of the oil refiners driving on I 95
And the super high cancer rates of NJ those mentioned in Springsteen’s “Born in the USA”
Whenever Teach tries to hide actual numbers I always check.
The total number of Exxon workers in NJ is 500 or less
As far as stopping their sales ? Exxon has no refineries in NJ, the refineries their refine oil to its finished products like gasoline. Major resellers like Exxon then buy gasoline and add their secret sauce and the wholesale it. If Exxon stopped sales another company would be happy to have their customers.
Someone using an alias wrote:
So, you’re remembering the “stink” of something no longer there? But you actually did get the economic right:
That’s true, because Americans who could buy plug in electric vehicles have been opting to buy gasoline and diesel-powered cars and trucks instead.
Looks like Jeff Bezos’ edict that the newspaper would take a more libertarian economic outlook has worked.
NJ really clamped down on those emissions. It has been reduced not eliminated
2024 EVs took 10% of the US market share. It is still a developing industry/technology.
Batteries get safer,cheaper, stronger every year.
The 50 mile range Nissan Leaf has evolved.class 8 trucks are doing very well as EV power reduces fuel on odt by 2/3s
Musk is now worth 10ps of billions from electrifying everything
Batteries now lasting 250000 miles 20 years at 12k miles per year
After that battery can either be repurposed or recycled
The EV bubble continues to deflate. Lexus cancels plans to bring LF-CZ concept to production. The LF-CZ was revealed at the Tokyo auto show as a future electric flagship for Lexus. At the time, Lexus confirmed plans to out the concept into production in 2026….
Jeff Bezos has crawled into bed with King Donny, for now. Billionaries be transactional. Big Donny has the power to spread TRILLIONS of USD, and the BILLIONAIRE donor class wants all they can get. In the meantime, the Iran debacle has cost taxpayers about $100 BILLION directly, and another $50 BILLION in consumer spending. The Mad King tariffs, contrary to his lies, are paid 90% by U.S. consumers (avg $2500/household).
For example, the U.S. Space Force awarded SpaceX (Elon!) a $4.16 BILLION contract to build a constellation of satellites designed to track airborne threats (like fighter jets, drones, and missiles) from orbit. “Coincidently”, Elon just announced he’s takng SpaceX public on June 12. Valuation placed at approx $2 TRILLION! A BILLION here a BILLION there, and pretty soon you’re talking real money. Current GDP ~ $32 TRILLION, current DEBT ~ $40 TRILLION. That’s an $8 BILLION yearly defiicit!!
Did youse MAGAts believe him when he said he’d balance the budget, end the debt, cut your taxes, no more foreign wars/regime changes, cut inflation etc. Is it enough that he has attacked immigrants, Muslims, LGBTQs and Blacks to earn your love? Cult.
Rimjob got a hard on that unlike himself other people are actually making money.
Bwaha! Lolgfy Loser!
MAGA47 Motherfucker!