September 1

‘Big Oil Has Fallen’: Environmentalists Celebrate Exxon Mobil Being Booted from Dow Jones

Exxon Mobil’s demotion from the Dow Jones Industrial Average after nearly a century is being celebrated by environmentalists as a harbinger of the fossil fuel industry’s demise.

The oil behemoth was the longest-running member of the blue-chip stock market index after being added in 1928 when it was still called Standard Oil of New Jersey. In 2013, Exxon was the most valuable company on earth, valued at around $418billion.

Photo credit: esartee

Source: The Independent (link opens in a new window)

energy sector, fossil fuels, renewable energy