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Correction: Exxon Mobil-Gay Rights story

By WTOP Staff

IRVING, Texas (AP) — In a story July 22 about new federal anti-discrimination rules, The Associated Press reported erroneously the value of Exxon Mobil Corp. shares held by investors who supported amending the company’s equal employment opportunity statement. The New York state comptroller said the investors’ shares are worth about $51.4 billion, not $41.5 billion.

A corrected version of the story is below:

Exxon Mobil says it’ll follow new anti-bias rules

Exxon Mobil says it will comply with new federal protections for gay, transgender workers

IRVING, Texas (AP) — Exxon Mobil Corp. has said it will comply with the new protections for gay and transgender employees required of federal contractors, while still sidestepping the question of whether it will formalize that by changing the language of its corporate policy.

Following President Barack Obama’s signing of an executive order Monday expanding protections for federal workers and contractors from discrimination based on sexual orientation or gender identity, the Labor Department has 90 days to issue regulations for how employers must comply.

Exxon, which according to government records won more than $480 million in federal contracts in 2013 and more than $8 billion since 2006, has long resisted pressure from civil rights groups and shareholders to enumerate such protections in its formal policy.

The world’s biggest oil and gas company by market value will continue to “abide by the law,” spokesman Alan Jeffers said Tuesday.

He wouldn’t say if that meant changing the language in the company’s formal equal employment opportunity policy, but stressed that Exxon prohibits “discrimination on any basis.”

According to the Human Rights Campaign, which supports gay rights and gay marriage, 91 percent of Fortune 500 companies include anti-gay bias as an explicit part of their non-discrimination policies, and 61 percent explicitly protect against discrimination based on gender identity. Irving-based Fluor Corp. and the company formerly known as the Washington Post Co., now Graham Holdings Co., are the only other companies listed without explicit policies protecting workers from discrimination based on sexual orientation in Human Rights Campaign’s 2014 corporate equality index.

In May, Exxon shareholders voted down a proposal for the 15th consecutive year to add such language to its equal employment opportunity statement, maintaining that the business standards stated on a company web site ensure protections without having to specifically name them.

The proposal, backed since 2010 by New York State Comptroller Thomas P. DiNapoli on behalf of the New York State Employees Retirement System, has never gained majority shareholder support. This year it won 20 percent of voters who DiNapoli said hold roughly $51.4 billion in Exxon stock.

“They say they don’t need to because it’s not an issue, but we don’t agree. Without clear written policies that are very specifically stated, employees aren’t clearly entitled to equal benefits,” DiNapoli said.

Natasha Lamb of the private equity group Arjuna Capital, another Exxon Mobil shareholder, said she’s confident the company will comply with the executive order to the letter.

“I can’t imagine Exxon would compromise a federal contract over a couple of words,” she said. “That would be juvenile. Once regulation is in place, they will follow suit and act in the best interest of shareholders.”

The company began offering benefits to legally married same-sex couples in May 2013, a month before the U.S. Supreme Court struck down the Defense of Marriage Act, which had allowed states to refuse to recognize same-sex marriages granted in other states.

But Exxon is facing a same-sex discrimination complaint in Illinois. Last year, the group Freedom to Work sent the company two fictitious resumes for a job opening in Illinois. One resume had stronger qualifications, but identified the applicant as gay. Exxon Mobil responded to the lesser-qualified applicant’s resume while the gay applicant received no reply.

Earlier this month, the Illinois Human Rights Commission overturned a lower body’s decision to dismiss the case. Exxon has said the allegations are without merit.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Don’t Settle for Student Loans to Pay for Online Education

By WTOP Staff
Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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