In a recent discussion highlighting corporate accountability, focus was turned towards oil and gas companies that violate regulations. Notable investor, Pellerin, honed in on some of the industry giants in her portfolio. Interestingly, it was revealed that the companies she invests in, including Exxon and Chevron, recently found themselves in a compromising position.
1. The discussion was centered around corporate accountability specifically for oil and gas companies that violate regulations.
2. Investor Pellerin revealed that large companies in the industry, including Exxon and Chevron, were recently in hot water for disregarding certain regulations.
3. Despite these businesses' significant role in the economy and energy sector, they were chastised for these infringements.
4. Exxon and Chevron, among others in Pellerin's investment portfolio, have recently faced financial penalties for non-compliance with regulations.
5. Pellerin voiced her concerns about the apparent lack of enforcement of regulations within the oil and gas industry.
Exxon and Chevron together faced over $1 billion in penalties for environmental violations between 2000 and 2020.
Pellerin made it clear that some of the corporations in her investment portfolio, notable among them being Exxon and Chevron, have recently been subjected to financial penalties for non-compliance with specific regulations. Despite these businesses' significant contributions to the economy and the energy sector, they have been criticized for their violations. This predicament has prompted Pellerin to express her concerns regarding the evident lack of regulation enforcement within the oil and gas industry.