ADN by Lisa Demer.  Exxon Mobil is on track to develop part of the huge, remote Point Thomson oil and gas field east of Prudhoe Bay, as required under a court settlement reached earlier this year with the Parnell administration, the company’s senior manager on the project told state legislators Tuesday.

Note: if this story is real, we are glad to no longer own BAC stock.  The Bank’s board should increase shareholder dividends by $50 billion and let shareholders decide how they wish to save, waste or invest their money.  -dh        The Reference Frame (6/12/12) Reports: Now, $50 billion is just a piece of trash that may be thrown to a random dumping ground without any hesitation: Bank of America Pledges $50 Billion to Combat Climate Change.