oil industry

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28 05 2020 | 08:34

Alberta Energy Minister Calls Pandemic ‘a Great Time’ to Build Pipelines Due to Protest Restrictions.

Anti-pipeline protests work. That's the implication behind comments made by Alberta Energy Minister Sonya Savage Friday on how coronavirus social distancing requirements could ease the construction…

25 05 2020 | 07:59

Biden pledges to cancel Keystone XL.

Presumptive Democratic presidential nominee Joe Biden is promising to cancel the intensely controversial Keystone XL pipeline after he enters the White House in January.

24 05 2020 | 08:54

Trump Admin Helps Fed to Bail Out the Oil Sector, Claims Energy Secretary.

Two top administration officials, at the direction of President Trump, helped the Federal Reserve alter its lending program intended to bail out small businesses specifically to aid mid-size oil…

20 05 2020 | 13:26

Norway’s giant oil fund ditches stake in Australia's AGL over fossil fuel concerns.

Trillion-dollar fund also puts BHP on ‘observation list’ carrying risk of future divestment. Norway’s gigantic sovereign wealth fund has dumped its stake in the Australian energy company AGL, which…

20 05 2020 | 13:17

Arctic Oil to Draw Bids Despite Rout, Interior Chief Predicts.

Bleak crude prices and fuel demand forecasts won’t blunt oil company bidding for Arctic drilling rights, Interior Secretary David Bernhardt said Monday. Instead, companies are more likely to make…

19 05 2020 | 07:30

World’s Biggest Wealth Fund Dumps $3 Billion in Fossil Fuels.

Norway’s $1 trillion wealth fund is doubling down on its climate action by making deeper cuts to its fossil fuel exposure.

18 05 2020 | 12:47

Rockefeller fund reveals case study of success after divestment from fossil fuels.

Five years on from divesting from fossil fuels, the Rockefeller fund has released a new case detailing its success. This week, the Rockefeller Brothers Fund (RBF) released a new case study detailing…

15 05 2020 | 08:24

Climate change: Study pours cold water on oil company net zero claims.

Claims by oil and gas companies that they are curbing their carbon emissions in line with net zero targets are overstated, according to a new review. The independent analysis of six large European…

11 05 2020 | 07:08

Oil Giants Haven’t Completely Forgotten About Climate Amid Crash.

Exxon Mobil Corp. and Chevron Corp. may be feeling the fallout of a historic oil-price crash amid the Covid-19 pandemic, but they haven’t completely forgotten to give a nod to concerns about climate…

08 05 2020 | 08:06

Under Pressure, JP Morgan Chase Demotes Former Exxon CEO Lee Raymond from Board Leadership Role .

New York, NY — Bowing to pressure from climate and shareholder activists, JP Morgan Chase will be demoting former Exxon CEO Lee Raymond from his Lead Independent Director position on the bank’s board…

07 05 2020 | 07:57

Airlines and oil giants are on the brink. No government should offer them a lifeline.

This crisis is a chance to rebuild our economy for the good of humanity. Let’s bail out the living world, not its destroyers Do Not Resuscitate. This tag should be attached to the oil, airline and…

07 05 2020 | 07:32

Fossil fuel firms linked to Trump get millions in coronavirus small business aid.

Revealed: Oil and mining firms – some with ties to Trump officials – taking advantage of funding, review shows US fossil fuel companies have taken at least $50m in taxpayer money they probably won’t…

02 05 2020 | 08:54

UN chief: don't use taxpayer money to save polluting industries.

António Guterres calls for coronavirus aid to be directed at firms with green credentials. Governments should not use taxpayer cash to rescue fossil fuel companies and carbon-intensive industries,…

02 05 2020 | 08:40

Church fund urges other ExxonMobil investors to sack board over climate.

Church Commissioners writes to fellow shareholders ahead of protest vote at oil giant’s AGM The Church of England’s investment arm has urged shareholders in ExxonMobil to vote against re-electing…

02 05 2020 | 08:18

After 146 years, Rockefeller family is exiting the oil business.

Heirs to the oil fortune created by John D. Rockefeller, who founded Standard Oil in 1870, are exiting the family business. The Rockefeller Family Fund, a charity that supports causes related to the…

25 04 2020 | 12:51

'Welcome ambition': Shell to unveil net zero emissions plan.

Oil giant to update investors on sweeping new strategy to deliver net zero emissions across its entire value chain by 2050 Shell is to outline plans today detailing how it intends to become a net…

25 04 2020 | 12:46

Shell's Latest Annual Report: More Greenwashing?

Two years after internal documents surfaced showing that Royal Dutch Shell, like ExxonMobil, knew about climate dangers decades ago, the oil giant r

25 04 2020 | 12:14

NextEra Energy Looks to Spend $1B on Energy Storage in 2021.

“No drop-off, no slowdown”: NextEra’s well-oiled renewables development machine powers forward during the coronavirus pandemic. Companies across the global renewable energy industry are anxiously…

19 04 2020 | 07:51

Longview coal plant – one of America’s best and newest – has just gone bankrupt.

The failure of a model project in West Virginia signals increasingly dire industry problems This week’s Chapter 11 bankruptcy filing by Longview Power offers a harsh glimpse into the increasingly…

19 04 2020 | 07:37

Total’s Pouyanné reaffirms oil major’s push into renewable energy sector.

The recent oil price shock brought on by the coronavirus epidemic may slow down investment in low-carbon assets by the integrated majors, but it will not stop Total SA from transitioning into a…