Biden slaps oil companies for profiteering at the pump.

In a letter to seven large energy firms, the president said excessive margins were “worsening that pain” for American consumers.

#biden-joseph-r-jr, #bp-plc, #chevron-corporation, #exxon-mobil-corp, #marathon-petroleum-corporation, #oil-petroleum-and-gasoline, #phillips-66, #prices-fares-fees-and-rates, #shell-plc, #valero-energy-corporation

Romania Sees an Opening to Become an Energy Power in Europe

The Ukraine war could lead to breakthroughs in nuclear power and natural gas, with Washington’s help.

#bucharest-romania, #electric-light-and-power, #europe, #exxon-mobil-corp, #natural-gas, #nuclear-energy, #oil-petroleum-and-gasoline, #romania, #russian-invasion-of-ukraine-2022

Omens of Decline for Russia’s Once World-Leading Energy Industry

Sanctions have grounded Russia’s ambitious plans to build its liquefied natural gas capacity. Analysts say it’s a sign of problems ahead.

#arctic-regions, #embargoes-and-sanctions, #exxon-mobil-corp, #international-trade-and-world-market, #natural-gas, #oil-petroleum-and-gasoline, #russia, #russian-invasion-of-ukraine-2022, #total-sa

Oil Giants Sell Dirty Wells to Buyers With Looser Climate Goals, Study Finds

The transactions can help major oil and gas companies clean up their own production by transferring polluting assets to a different firm, the analysis said.

#chevron-corporation, #eni-spa, #environmental-defense-fund, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #mergers-acquisitions-and-divestitures, #oil-petroleum-and-gasoline, #pertamina, #royal-dutch-shell-plc

Oil Profits Soar, but the Industry’s Path Forward Remains Uncertain

Here are four climate takeaways from a dramatic turnaround — a year after a surge of shareholder activism in the industry, as well as a remarkable court ruling against Shell.

#alternative-and-renewable-energy, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #internal-storyline-no, #internal-sub-only-nl, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc

Oil Executives Speak About High Gas Prices at House Hearing

Leaders of Exxon Mobil, Chevron and four other companies testified about gas prices before a House committee on Wednesday.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #exxon-mobil-corp, #greenhouse-gas-emissions, #natural-gas, #oil-petroleum-and-gasoline, #price-gouging, #prices-fares-fees-and-rates, #russian-invasion-of-ukraine-2022, #united-states-international-relations, #united-states-politics-and-government, #woods-darren-w-1965

The Future Turns Dark for Russia’s Oil Industry

An exodus by Western companies and disdain for Russian oil signal the start of a reckoning.

#bp-plc, #embargoes-and-sanctions, #europe, #exxon-mobil-corp, #natural-gas, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc, #russia, #russian-invasion-of-ukraine-2022, #total-sa, #war-and-armed-conflicts

Exxon Mobil says it plans to leave its last remaining Russian project.

BP and Shell announced earlier that they were also seeking to leave the country after its invasion of Ukraine.

#embargoes-and-sanctions, #exxon-mobil-corp, #natural-gas, #oil-petroleum-and-gasoline, #politics-and-government, #russia, #russian-invasion-of-ukraine-2022, #sakhalin-island-russia, #ukraine, #war-and-armed-conflicts

Shell Quits Russia, Joining BP as Oil Giants Object to Attack on Ukraine

Shell said it would exit its investments in Russia, a day after BP said it would do the same. Now companies like TotalEnergies and Exxon will face questions.

#bp-plc, #equinor-asa, #exxon-mobil-corp, #oil-petroleum-and-gasoline, #putin-vladimir-v, #rosneft, #royal-dutch-shell-plc, #russia, #russian-invasion-of-ukraine-2022, #total-sa, #war-and-armed-conflicts

Stocks climb as investors weigh a surprising jobs report and Amazon earnings.

Investors took the strong jobs showing as a reason for the Federal Reserve to move quickly as it starts to raise interest rates this year.

#amazon-com-inc, #apple-inc, #bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #coca-cola-company, #company-reports, #exxon-mobil-corp, #facebook-inc, #federal-reserve-system, #goldman-sachs-group-inc, #government-bonds, #meta-platforms-inc, #nasdaq-composite-index, #oil-petroleum-and-gasoline, #snap-inc, #standardpoors-500-stock-index, #stocks-and-bonds, #twitter, #united-states-economy, #walt-disney-company

Why Are Oil Prices So High and Will They Stay That Way?

Geopolitical tensions and a growing disparity between supply and demand have driven up prices. Here is what that means and what could happen next.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #electric-and-hybrid-vehicles, #embargoes-and-sanctions, #europe, #exxon-mobil-corp, #international-trade-and-world-market, #natural-gas, #oil-petroleum-and-gasoline, #organization-of-the-petroleum-exporting-countries, #politics-and-government, #prices-fares-fees-and-rates, #russia, #saudi-arabia, #supply-chain, #ukraine, #united-states, #united-states-economy, #united-states-international-relations, #war-and-armed-conflicts

Exxon Sets a 2050 Goal for Net Zero Greenhouse Gas Emissions

The target does not account for the climate impact of its customers and suppliers, leaving the company lagging the commitments of some of its rivals.

#carbon-capture-and-sequestration, #energy-and-power, #exxon-mobil-corp, #fuel-emissions-transportation, #global-warming, #greenhouse-gas-emissions, #oil-petroleum-and-gasoline, #permian-basin-north-america, #woods-darren-w-1965

How the Kazakhstan Protests Started and Why They Matter

As protests in the oil-rich Central Asian country gain momentum, the events threaten to reverberate across the region.

#almaty-kazakhstan, #chevron-corporation, #corruption-institutional, #demonstrations-protests-and-riots, #exxon-mobil-corp, #kazakhs-ethnic-group, #kazakhstan

Injuries Reported in Fire at Exxon Mobil Refinery in Baytown, Texas

The complex in Baytown is about 25 miles east of Houston.

#exxon-mobil-corp, #factories-and-manufacturing, #gonzalez-ed-harris-county-tex-sheriff, #harris-county-tex, #oil-petroleum-and-gasoline, #texas

Edelman Criticized for Work With Oil Companies

Edelman has worked for Exxon Mobil and Shell while making strong public statements in favor of environmental sustainability. At a recent companywide meeting, employees had some sharp questions.

#advertising-and-marketing, #alternative-and-renewable-energy, #edelman-daniel-j-inc, #edelman-richard-winston, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #natural-gas, #oil-petroleum-and-gasoline

Social Media Is Polluted With Climate Denialism

Climate misinformation is rampant on social media. Is there anything to be done?

#advertising-and-marketing, #avaaz-org, #exxon-mobil-corp, #facebook-inc, #global-warming, #google-inc, #haugen-frances, #heartland-institute, #online-advertising, #rumors-and-misinformation, #social-media

Oil Executives Begin Testimony on Industry’s Role in Climate Disinformation

In a historic hearing, the leaders of some of the most powerful energy companies in the world are appearing before a House panel to face questioning on climate change.

#american-petroleum-institute, #bp-plc, #chevron-corporation, #energy-and-power, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #house-of-representatives, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc, #rumors-and-misinformation, #united-states-politics-and-government

Oil Executives to Face Congress on Climate Disinformation

The heads of Exxon Mobil, Shell, Chevron and BP will testify Thursday in the first congressional inquiry into industry efforts to hinder action on climate change.

#bp-plc, #chevron-corporation, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #lobbying-and-lobbyists, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc, #united-states-politics-and-government

At McKinsey, Widespread Furor Over Work With Planet’s Biggest Polluters

A letter signed by more than 1,100 employees has called for change at the consulting firm, which has advised at least 43 of the 100 most environmentally damaging companies.

#air-pollution, #boston-consulting-group, #bp-plc, #chevron-corporation, #coal, #exxon-mobil-corp, #gazprom, #global-warming, #greenhouse-gas-emissions, #mckinseyco, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc, #saudi-aramco, #teck-resources-ltd, #texaco-inc, #united-nations

In Your Facebook Feed: Oil Industry Pushback Against Biden Climate Plans

The messages take aim at Democrats by name as part of a broad effort to undermine landmark climate legislation that now hangs in the balance in Congress.

#american-petroleum-institute, #exxon-mobil-corp, #facebook-inc, #federal-taxes-us, #global-warming, #greenhouse-gas-emissions, #houlahan-chrissy, #manchin-joe-iii, #oil-petroleum-and-gasoline, #online-advertising, #political-advertising, #tax-credits-deductions-and-exemptions, #united-states-chamber-of-commerce, #united-states-politics-and-government

S&P 500 Drops 2% in Worst Day Since May

Investors, weighing the prospect of the Federal Reserve preparing to reduce its purchases of government debt, sold off bonds, pushing the 10-year’s yield to its highest level since June.

#amazon-com-inc, #apple-inc, #conocophillips, #etsy-inc, #exxon-mobil-corp, #facebook-inc, #federal-reserve-system, #google-inc, #government-bonds, #halliburton-company, #inflation-economics, #interest-rates, #microsoft-corp, #nasdaq-composite-index, #new-york-life-insurance-co, #oil-petroleum-and-gasoline, #quantitative-easing, #schlumberger-ltd, #senate-committee-on-banking, #shopify-inc, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

Exxon, Chevron, BP and Others Called to Testify on Climate Disinformation

Executives from Exxon, Shell, BP and others are being called to testify in Congress next month after a secret recording this year exposed an Exxon official boasting of such efforts.

#american-petroleum-institute, #bp-plc, #chevron-corporation, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #house-committee-on-oversight-and-government-reform, #manchin-joe-iii, #oil-petroleum-and-gasoline, #royal-dutch-shell-plc, #rumors-and-misinformation, #united-states-chamber-of-commerce, #united-states-politics-and-government

He’s Still Fighting Developers for the Park His Father Founded

A large, contaminated tract of Liberty State Park in New Jersey will be cleaned and cleared for trails, sports fields and wetlands.

#department-of-environmental-protection-nj, #exxon-mobil-corp, #golf, #jersey-city-nj, #liberty-island-nyc, #liberty-national-golf-club-jersey-city-nj, #liberty-state-park, #parks-and-other-recreation-areas, #sam-pesin, #statue-of-liberty, #volunteers-and-community-service

Is the Party Over for New York’s Outlaw Houseboats?

Newtown Creek, a polluted waterway, is set to be dredged, meaning the end of an era for the adventurous community it inspired.

#boats-and-boating, #department-of-small-business-services-nyc, #environmental-protection-agency, #exxon-mobil-corp, #gentrification, #gowanus-canal-brooklyn-ny, #newtown-creek-brooklyn-queens-ny, #superfund, #waste-materials-and-disposal, #water-pollution

The Little Hedge Fund Taking Down Big Oil

An activist investment firm won a shocking victory at Exxon Mobil. But can new directors really put the oil giant on a cleaner path?

#2021-climate-issue, #alternative-and-renewable-energy, #boards-of-directors, #carbon-capture-and-sequestration, #content-type-personal-profile, #engine-no-1-gp-llc, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #hedge-funds, #hydrocarbons, #james-chris-hedge-fund-manager, #oil-petroleum-and-gasoline, #penner-charlie-1972, #shareholder-rights-and-activism

Exxon Mobil Defeated by Activist Investor Engine No. 1

The energy giant’s stunning loss was the work of a tiny hedge fund that believes investing for social good is also good for the bottom line.

#blackrock-inc, #boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #hedge-funds, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism, #state-street-corporation, #vanguard-group-inc

Exxon Board to Get a Third Activist Pushing Cleaner Energy

The new board member is likely to join two other candidates put forward by an activist investor who were declared winners last week.

#alternative-and-renewable-energy, #boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism

The ‘Mean Greens’ Are Forcing Exxon to Clean Up Its Act

Diversifying beyond oil and gas will benefit everyone.

#alternative-and-renewable-energy, #carbon-capture-and-sequestration, #energy-and-power, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #oil-petroleum-and-gasoline

How Exxon Lost a Board Battle With a Small Hedge Fund

The oil giant’s unexpected boardroom defeat by an activist investor hinged on a few key moments.

#boards-of-directors, #engine-no-1-gp-llc, #exxon-mobil-corp, #oil-petroleum-and-gasoline, #shareholder-rights-and-activism, #stocks-and-bonds, #woods-darren-w-1965

Activists Crashed Exxon’s Board, but Forcing Change Will Be Hard

The tension between climate goals and lifting Exxon Mobil’s profits could make it difficult for activists to make progress.

#alternative-and-renewable-energy, #boards-of-directors, #carbon-capture-and-sequestration, #carbon-dioxide, #chevron-corporation, #executives-and-management-theory, #exxon-mobil-corp, #fink-laurence-d, #global-warming, #greenhouse-gas-emissions, #oil-petroleum-and-gasoline, #stocks-and-bonds, #woods-darren-w-1965

Exxon Mobil to Square Off With Climate Change Activists

Shareholders elected at least two of the four directors nominated by a coalition of investors that said the oil giant was not investing enough in cleaner energy.

#alternative-and-renewable-energy, #engine-no-1-gp-llc, #exxon-mobil-corp, #oil-petroleum-and-gasoline, #woods-darren-w-1965

Exxon Mobil Faces Off Against Activist Investors on Climate Change

The oil company will hold a contested election for four board seats at its annual shareholders meeting on Wednesday.

#alternative-and-renewable-energy, #engine-no-1-gp-llc, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #hedge-funds, #oil-petroleum-and-gasoline, #stocks-and-bonds, #woods-darren-w-1965

Here Is Who’s Behind the Global Surge in Single-Use Plastic

A new report shows that a surprisingly small number of big companies and banks are behind the manufacturing and financing of much of the world’s single-use plastic.

#china-petroleum-and-chemical-corporation-sinopec, #dow-chemical-company, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #oil-petroleum-and-gasoline, #plastics, #pollution, #recycling-of-waste-materials

After a Bruising Year, the Oil Industry Confronts a Diminished Future

Big oil companies lost billions in 2020 because of the pandemic and face broad questions about how they will adapt to climate change and regulations.

#automobiles, #biden-joseph-r-jr, #bp-plc, #coronavirus-2019-ncov, #electric-and-hybrid-vehicles, #europe, #exxon-mobil-corp, #fuel-efficiency, #greenhouse-gas-emissions, #looney-bernard-1970, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #united-states, #woods-darren-w-1965

How GameStop’s Reddit-Fueled Rise May End

Let’s have an honest conversation about GameStop.

#boards-of-directors, #california-state-teachersretirement-system-calstrs, #corporate-social-responsibility, #d-e-shawco, #exxon-mobil-corp, #gamestop-corporation, #oil-petroleum-and-gasoline, #reddit-inc

Suriname Could Be Latest Big Oil Find as Industry Cuts Costs

The small South American country has become a hot prospect for oil companies looking to produce fossil fuels while spending less.

#apache-corp, #brazil, #drilling-and-boring, #exxon-mobil-corp, #guyana, #oil-petroleum-and-gasoline, #petronas-petroliam-nasional-berhad, #politics-and-government, #poverty, #prices-fares-fees-and-rates, #production, #royal-dutch-shell-plc, #south-america, #suriname, #total-sa

‘Is Exxon a Survivor?’ The Oil Giant Is at a Crossroads.

Exxon Mobil is struggling to find its footing as demand for oil and gas falls and world leaders and businesses pledge to fight climate change.

#alternative-and-renewable-energy, #carbon-dioxide, #coronavirus-2019-ncov, #dow-jones-stock-average, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #hydrocarbons, #natural-gas, #oil-petroleum-and-gasoline, #raymond-lee-r-1938, #shale, #solar-energy, #stocks-and-bonds, #texas, #tillerson-rex-w, #united-states, #wind-power, #woods-darren-w-1965

New York State’s Divestment Threat Is a Victory for Climate Activists

The comptroller’s threat to pull billions from fossil fuel investments is a big victory for climate activists.

#alternative-and-renewable-energy, #bp-plc, #carbon-dioxide, #coal, #dinapoli-thomas-p, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #natural-gas, #new-york-city, #new-york-state, #office-of-the-comptroller-nys, #oil-petroleum-and-gasoline, #pensions-and-retirement-plans, #stringer-scott-m, #united-nations-framework-convention-on-climate-change

How One Firm Drove Influence Campaigns Nationwide for Big Oil

FTI, a global consulting firm, helped design, staff and run organizations and websites funded by energy companies that can appear to represent grass-roots support for fossil-fuel initiatives.

#blackrock-inc, #environment, #exxon-mobil-corp, #fti-consulting-inc, #global-warming, #greenhouse-gas-emissions, #hydraulic-fracturing, #independent-petroleum-assn-of-america, #main-street-investors-coalition, #natural-gas, #oil-petroleum-and-gasoline

For Long-Term Investors, Small Things Like Presidential Elections Don’t Matter

There is heartbreak almost everywhere you look, our columnist says, but the stock market usually rises anyway.

#amazon-com-inc, #coronavirus-2019-ncov, #corporate-taxes, #democratic-party, #dimensional-fund-advisors, #exxon-mobil-corp, #federal-taxes-us, #high-net-worth-individuals, #infrastructure-public-works, #oil-petroleum-and-gasoline, #presidential-election-of-2020, #regulation-and-deregulation-of-industry, #republican-party, #sp-dow-jones-indices, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy, #united-states-politics-and-government

Trump’s Motto: Your Money or Your Life

The president claims you have to make a choice, but you don’t.

#alternative-and-renewable-energy, #biden-joseph-r-jr, #coronavirus-2019-ncov, #exxon-mobil-corp, #global-warming, #international-renewable-energy-agency, #presidential-election-of-2020, #scientific-american, #trump-university, #trump-donald-j, #united-states, #united-states-politics-and-government

U.S. and European Oil Giants Go Different Ways on Climate Change

While BP and other European companies invest billions in renewable energy, Exxon and Chevron are committed to fossil fuels and betting on moonshots.

#alternative-and-renewable-energy, #bp-plc, #carbon-capture-and-sequestration, #carbon-dioxide, #chevron-corporation, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #hydrocarbons, #natural-gas, #oil-petroleum-and-gasoline

David Kaiser, Rockefeller Heir Who Fought Exxon Mobil, Dies at 50

A great-great grandson of John D. Rockefeller, he steered one of his family’s philanthropies to a feisty stance on the oil giant’s role in climate change.

#criminal-justice, #deaths-obituaries, #exxon-mobil-corp, #global-warming, #kaiser-david-w-1969-2020, #oil-petroleum-and-gasoline, #philanthropy, #rockefeller-family

Environmentalists Targeted Exxon Mobil. Then Hackers Targeted Them.

Federal prosecutors in Manhattan are investigating a global hacker-for-hire operation that sent phishing emails to environmental groups, journalists and others.

#citizen-lab, #computer-security, #cyberattacks-and-hackers, #exxon-mobil-corp, #global-warming, #oil-petroleum-and-gasoline, #phishing-computer-fraud

Stocks Are Rising as Economic News Worsens

Trillions in stimulus dollars have convinced Wall Street that the government has its back, and investors are seizing on even glimmers of good news about the pandemic.

#amazon-com-inc, #apple-inc, #chevron-corporation, #commerce-department, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #exxon-mobil-corp, #federal-reserve-system, #gross-domestic-product, #interest-rates, #recession-and-depression, #remdesivir-drug, #sp-dow-jones-indices, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds, #united-states, #united-states-economy

Former Exxon Chief Lee Raymond Shouldn’t Be on JP Morgan Chase’s Board

Shareholders at JP Morgan Chase should block a former Exxon chief from another term on the bank’s board.

#banking-and-financial-institutions, #blackrock-inc, #dimon-james, #dinapoli-thomas-p, #exxon-mobil-corp, #global-warming, #jpmorgan-chasecompany, #new-york-city, #office-of-the-comptroller-nys, #oil-petroleum-and-gasoline, #raymond-lee-r-1938, #stringer-scott-m