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House oversight panel postpones Big Oil hearing amid Ukraine crisis -Breaking


© Reuters. FILEPHOTO: The logo of Exxon Mobil Corp was seen at Rio Oil and Gas Expo and Conference (Rio de Janeiro), Brazil, September 24, 2018. REUTERS/Sergio Moraes/File Photo

By Valerie Volcovici

WASHINGTON, (Reuters) – The House of Representatives oversight committee has delayed its hearing about oil companies’ disinformation on climate change due to Ukraine’s crisis but asked board members to submit documents before the end of next Week. A staffer for the committee told Reuters that Wednesday.

In January, the congressional committee invited members of the board to join it. Exxon Mobil Corp (NYSE:), Royal Dutch Shell Plc. Chevron Corp (NYSE -) Plc and BP(NYSE –) Plc will be testifying on February 8, about the role of industry in climate change and disinformation regarding that role, and proposed solutions.

After no board member was available for testimony on the original date, the committee moved the hearing to March 8. However, they indicated that they are available at other times. As it concentrates on the Russian invasion in Ukraine, the panel plans to reschedule.

The spokesperson of the committee said that it would hold board members accountable to March 8, 2008 deadline for submitting relevant documents regarding subpoenas to chief executives from companies. This was after the group had been grilled during the first hearings by the panel on climate disinformation.

The spokesperson stated by email that “We have made it clear to companies last night, that March 8th deadline to produce long-overdue documents as a response to our subpoenas is unchanged.”  

Exxon Shell, BP and Shell announced this week they would cease operations in Russia due to the invasion of Ukraine. This will cause disruption in oil supplies in the coming months and drive up prices above $110 per barrel.

The committee spokesperson said it plans to continue to “aggressively investigate Big Oil’s” role in fueling the climate crisis, especially in light of a report released on Monday by U.N. climate scientists who called for drastic action to respond to worsening climate impacts.

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