Staying nimble and flexible is key to leading a major firm amid the Covid-19 pandemic, says ExxonMobil Asia-Pacific chairman and managing director Geraldine Chin.. Read more at straitstimes.com.
Over the last couple of days, the world s largest cement manufacturer, one of the world s largest fossil fuel firms and the founder of the biggest electric vehicle (EV) manufacturer have all unveiled strategic efforts to commercialise carbon captu.
Scientists tracking the invisible, odorless danger of methane emissions over Texas say so much gas is escaping it could heat 2 million homes. But the state's governor doesn't want any new restrictions.
(Jason Franson/Bloomberg via Getty Images)
President Joe Biden signed executive actions last week prioritizing solutions to the “existential threat” of climate change, drawing the ire of many key players in the politically powerful oil and gas industry.
Biden’s actions pressed pause on the leasing of federal lands and waters for oil drilling, set a goal of keeping 30 percent of federal lands for conservation purposes and announced the electrification of the federal government’s fleet of vehicles. The move comes a week after Biden revoked the permits for the controversial Keystone XL pipeline just hours after his inauguration, following through on a campaign-trail promise.
By Will Englund
So many sets of parentheses show up on the latest oil company earnings reports denoting losses that long columns of figures seem to be doing a shimmy right on the page.
An already weakening market was shredded last year by the pandemic, as prices and volumes fell worldwide. Oil majors that were once the most powerful corporations in the world lost much of their footing in 2020, along with many billions of dollars.
A bad global economy, a promise by the Biden administration to get serious about climate change and growing confidence in a future of all-electric vehicles have started to raise questions about just how viable these companies will be.