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Big Oil Argued for U.S. Crude Exports to Fend Off Iran, But First Exporter Vitol Group Also Exported Iran's Oil

The American Petroleum Institute (API) successfully lobbied for an end to the 40-year ban on exporting U.S.-produced crude oil in part by making a geopolitical argument: Iran and Russia have the ability to export their oil, so why not unleash America?

What API never mentioned — nor the politicians parroting its talking points — is that many of its member companies maintain ongoing business ties with both Russia and Iran.

And The Vitol Groupthe first company set to export U.S. crude after the lifting of the ban (in a tanker destined for Switzerland), has or had its own ties to both U.S. geopolitical rivals.

Fortune Magazine: Mainstream Climate Change Spin

It's great to see thoughtful businesses, and thoughtful business publications, acknowledging the obvious and taking responsible action accordingly:

Check this Fortune magazine story on  the new survey by the Ceres investor coalition analyzing how 100 leading companies are addressing the growing financial risks and opportunities from climate change.

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