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.
Tag Archives: Oil (Petroleum) and Gasoline
A North Sea Auction Produces Big Plans for Scottish Wind Farms
Oil giants like BP and Shell propose to spend billions on renewable energy, bolstering Scotland’s efforts to move away from an economy based on fossil fuel.
OPEC Plus and Other Oil Producers Aren’t Keeping Up With Demand
OPEC Plus, the United States and others have been slow to ramp up output, lagging production goals.
For the Climate, Biden Must Be More Aggressive in Ending New Truck and Bus Emissions
To meet his climate goals, the president must clean up these carbon-spewing vehicles.
Source of Mysterious Gas Leak Explosion in Canadian Town Stumps Officials
An explosion last summer in an Ontario community built on 19th-century gas wells has left locals searching for answers and some certainty that their town will ever recover.
Amid Crisis, Kazakhstan’s Leader Chose His Path: Embrace Russia
With his government under siege, Kassym-Jomart Tokayev, Kazakhstan’s president, turned to Russia’s Vladimir V. Putin for support. The choice could realign Central Asia’s politics.
Kazakhstan Shuts Internet as Government Offices Burn in Protests
Anger sparked by a gas price increase in the resource-rich Central Asian nation has swelled despite concessions from the ruling party and a strict state of emergency.
Kazakhstan Declares State of Emergency as Protests Over Fuel Prices Spread
In a rare show of dissent in the authoritarian country, thousands took to the street as gas prices doubled. The government responded with curfews and tear gas.
Biden ‘Over-Promised and Under-Delivered’ on Climate. Now, Trouble Looms in 2022.
Mounting challenges will make the coming months critical for the president’s environmental agenda, analysts say.
Injuries Reported in Fire at Exxon Mobil Refinery in Baytown, Texas
The complex in Baytown is about 25 miles east of Houston.
Taylor Energy to Pay $43 Million for Longest-Running Oil Spill in U.S. History
Taylor Energy’s undersea wells have been leaking into the Gulf of Mexico since 2004, when they were damaged by Hurricane Ivan.
E.P.A. Announces Tighter Auto Pollution Rules
Under the new plan, designed to reduce planet-warming tailpipe emissions, new vehicles would be required to average 55 miles per gallon starting in 2026.
Manchin Is Expected to Reject Democratic Plan to Ban New Offshore Drilling
The Democrat from West Virginia, a coal and gas stronghold, has single-handedly stripped key elements from his party’s plan to tackle climate change.
An Intimate Look at the Dangerous, Boom-and-Bust Lives of Oil Workers
In “Sea State,” Tabitha Lasley writes about the time she spent in Scotland investigating life on and around oil rigs.
In Hawaii, Fears Grow Over Unsafe Levels of Petroleum in Drinking Water
State health officials warned residents at a military base near Pearl Harbor to avoid using the water after the Navy found petroleum in samples taken from one of its wells.
In Bakersfield, Many Find a California They Can Afford
Known for both oil and agriculture, the “Texas of California” rises in population as city dwellers seek backyards and shorter commutes.
One-year jump in energy prices is a big factor in inflation’s jump.
Energy prices rose by one-third in the last year, and 6.8 percent in November alone, but there are recent signs of relief.
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.
How Is the U.S. Economy Doing?
Why do Americans say that the economy is awful but that they’re doing fine?
U.S. Threat to Squeeze Russia’s Economy Is a Tactic With a Mixed Record
Sanctions, like aiming to cut oil exports, could also hurt European allies. “It’s a limited toolbox,” one expert said.
Urea Shortage Is Felt Around the World
Farmers in India are desperate. Trucks in South Korea had to be idled. Food prices, already high, could rise even further.
OPEC Faces Omicron Uncertainty and Rebellious Customers
The oil cartel and Russia want to bolster prices after a 10 percent drop last week. But they also need to consider the release of reserves by the U.S. and other countries.
Israel and Iran Broaden Cyberwar to Attack Civilian Targets
Iranians couldn’t buy gas. Israelis found their intimate dating details posted online. The Iran-Israel shadow war is now hitting ordinary citizens.
Interior Dept. Report on Drilling Is Mostly Silent on Climate Change
The department recommended higher fees for oil and gas leases, but there was no sign the government planned to take global warming into account when weighing new applications.
Biden to Tap Into U.S. Oil Reserves to Combat Rising Gas Prices
In an attempt to reduce global energy prices, the White House will release 50 million barrels of crude oil along with Britain, China, India, Japan and South Korea.
Inflation Batters Pakistan and Puts Pressure on Imran Khan
Rising prices and a weakened currency are straining households, intensifying pressure on Prime Minister Imran Khan to find solutions.
How the U.S. Lost Ground to China in the Contest for Clean Energy
Americans failed to safeguard decades of diplomatic and financial investments in Congo, where the world’s largest supply of cobalt is controlled by Chinese companies backed by Beijing.
High Gas Prices Force Sacrifices, Like Travel and Dining Out
They hit their highest level since 2014 last month, forcing Americans to rejigger household budgets and forgo leisure activities.
As Gas Prices Surge, Biden Asks F.T.C. to Investigate
President Biden asked the Federal Trade Commission to look into whether big oil companies are fueling a spike in gas prices.
As Gas Prices Surge, Biden Tells F.T.C. to Investigate
President Biden asked the Federal Trade Commission to look into whether big oil companies are fueling a spike in gas prices.
Gas Prices Are Up in the U.S. Don’t Blame the President.
What do voters actually know about government and the economy?
Oil Output Is Increasing, Possibly Easing Prices, a Report Says
The International Energy Agency said in its monthly report that oil production was picking up in the United States.
With Gas Prices High, Calls Grow to Tap Strategic Oil Reserve
President Biden is under pressure to release oil from the Strategic Petroleum Reserve. Here’s how it works, and how it might lower prices (modestly, and maybe not for long).
Biden Plans to Bar New Drilling Around a Major Native American Cultural Site
After years of tribal requests, the president plans to block new oil and gas leases within 10 miles of Chaco Canyon in New Mexico. The ban is likely to generate strong pushback from industry.
Shell Plans Shift to Britain, and Dropping ‘Royal Dutch’
The restructuring is meant to make the company more appealing to investors and make it easier to sell assets, the oil giant said.
How to Save Money on Your Winter Heating Bills
Start with insulating the attic and turning down the thermostat at night. And there’s always your father’s advice: Wear a sweater.
Winter Heating Bills Loom as the Next Inflation Threat
After plunging during the pandemic as the economy slowed, energy prices have roared upward. Washington is already moving to offer homeowners relief.
Tanker Truck Explodes in Sierra Leone, Killing at Least 98
The truck first started leaking fuel and people had rushed to collect it, an official said. Many of them died in the blast, along with others nearby.
Cambo, a Proposed Oil Field, Is Drawing Controversy in U.K.
What is Cambo? It’s a proposed oil field deep underwater off Scotland that has become an intense focus of environmentalists and the energy industry.
OPEC and Russia Will Ponder Oil Output Under Pressure From Biden.
Big oil producers decided to stick with a scheduled increase, rejecting calls for a bigger boost in production.
Iran Seizes an Oil Tanker, but Whose Tanker Is Disputed
U.S. and Iranian officials gave conflicting accounts of a ship that was seized last month. Some reports said it was the same tanker the United States had seized last year. The Pentagon denied that.
Biden Administration Moves to Limit Methane, a Potent Greenhouse Gas
A new rule will be announced at a U.N. summit where the United States is facing skepticism about its commitment to climate change, aides said.
Even as Biden Pushes Clean Energy, He Seeks More Oil Production
President Biden acknowledged “it seems like an irony” that he is asking energy-rich nations to boost oil production as he implores the world to tackle climate change.
At Climate Talks, Biden Will Try to Sell American Leadership to Skeptics
The president wants to assure Glasgow’s climate summit that the U.S. is serious about climate change. But he lacks a legislative win at home.
U.A.E., an Oil Giant, Aims to Burnish Climate Credentials
Trying to attract investors and retain customers, the United Arab Emirates says it will step up its efforts to cut emissions.
An Electricity Crisis Complicates the Climate Crisis in Europe
Prices for power have soared, and some politicians are now trying to use that as a lever to slow action on climate change, a strategy with far-reaching consequences.
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.
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.
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.
Latest National Climate Plans Still Fall Far Short, U.N. Report Warns
Ahead of a major climate summit in Glasgow, many countries have vowed to do more to curb their emissions. But those plans still put the world on path for dangerous warming.