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On Thursday ExxonMobil CEO Darren Woods said that his company “does not spread disinformation regarding climate change″ as he and other oil company chiefs countered congressional allegations the industry concealed evidence about the dangers of it. But the company, along with others in the sector, have faced growing criticism on climate change. Its low-carbon investments are expected to be approximately $15 billion from 2022 through 2027. The S&P 500’s energy stocks are up more than 50%, compared with a roughly 20% gain for the overall index.Įxxon, based in Irving, Texas, said it's looking into investing in lower-carbon business ventures. The energy sector has far outpaced the broader market in 2021. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday the rise comes as the cost of crude oil surges. The price at the pump is $1.22 higher than a year ago. price of regular-grade gasoline spiked 13 cents over the past two weeks, to $3.44 per gallon.

Winsted man who had a job collected $13K in unemployment, authorities say.

Police: Bridgeport mail carrier robbed of rubber bands at gunpoint.

CT launches program to avoid COVID quarantines in schools.

Stamford murder suspect, 16, changes course, waives probable cause hearing.

Property owners confirm Philip Morris move to Stamford.

A 1,500 vote difference put Caroline Simmons over Bobby Valentine to become Stamford’s next mayor.

Caroline Simmons wins Stamford mayoral election as Bobby Valentine concedes.