Business

Monday’s business headlines

INDIANAPOLIS (WISH) — Here’s a look at Monday’s business headlines.

Exxon Mobil

Executives from Exxon, Shell, BP and others are being called to testify in Congress in October after a secret recording this year exposed an Exxon official playing down fossil fuels impact on climate change.

The move comes as Washington is wrestling with major climate change legislation intended to slash the nation’s reliance on oil and gas.

Natural disasters

In 2002 alone, natural disasters caused $268 billion worth of damages worldwide, according to data platform Statista.

And scientists are worried that the storms’ increasing rate, lack of action against climate and antiquated infrastructure.

Amazon

Amazon has confirmed a south China Morning Post report that the internet giant has banned over 600 Chinese brands over review fraud incidents. These firms intentionally and repeatedly violated review policies banning incentivized reviews.

The vendors were caught offering rewards, including gift cards, for customers leaving reviews.

Ben & Jerry’s Israel

Some states looking at cutting off all investments in European consumer giant Unilever.

Unilever is the parent company of Ben & Jerry’s ice cream, which decided earlier this year to stop selling its ice cream in the West Bank.

New York, New Jersey and Texas are also considering or have stopped state pension investment in the brand.

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