Bloomberg) – Shell Plc Chief Executive Officer Wael Sawan will meet with employees later this month to discuss the decision to put a greater share of investment into fossil fuels. Shell CEO Wael Sawan Sawan […]
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The fall refinery maintenance season in the US is shaping up to be the heaviest since before the Covid-19 pandemic forced plants to slash rates and delay all but emergency work. Nearly 2.5 million barrels […]
LONDON, Sept 27 (Reuters) – Shell (SHEL.L) CEO Wael Sawan has come under pressure over his strategy from within the energy company after two employees issued a rare open letter urging him not to scale back investments […]
Shell and Fortescue Metals, two major companies, back away from large-scale carbon offset plans. A UC Berkeley study suggests most carbon offset credits might not provide real climate benefits. Leading carbon credit certifier Verra faced […]
BP’s strategy is under the microscope following the departure of CEO Bernard Looney, who resigned after failing to disclose the extent of personal relationships with company staff. Wholesale changes — whether embracing the renewables-free approach of its US competitors […]
Six US governors have implored President Joe Biden to boost support for the fledgling offshore wind industry amid growing concerns that surging costs imperil multi-billion dollar projects planned for coastal Atlantic waters — and the nation’s climate […]
SINGAPORE/SYDNEY (Reuters) – Workers at Chevron’s liquefied natural gas (LNG) projects in Australia, which produce 5.1% of the world’s supply of the super-chilled fuel, went on strike on Friday after mediation talks ended without a […]
LONDON, Sept 7 (Reuters) – Shell considered shutting its flagship Prelude liquefied natural gas facility off Australia for a year to fix issues that have plagued its operations, but instead opted for shorter maintenance period to allow […]
Despite the call heard ’round the world commanding the global business community to divest from fossil fuels and shrink their carbon footprints in the name of net zero, international oil companies (IOCs) still recognize Africa […]
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