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Exxon said it has made extensive efforts to reach an agreement but the union hasn t allowed employees to vote on its offer.
(Bloomberg) Union leaders at Exxon Mobil Corp.’s Beaumont plant in Texas asked the oil giant to resume contract negotiations and not move forward with its plans for a lockout of more than 650 workers on May 1.
United Steelworkers Local 13-243’s six-year work agreement with Exxon expired Feb. 1 and no new collective bargaining agreement was settled upon for the Beaumont refinery and blending and packaging plant. The union, which offered to extend the current contract an additional year, contends Exxon’s offer would enact major changes in the existing contract that impact members’ safety, security and seniority.
Gov. Gavin Newsom s order Friday follows multiple failed legislative attempts to prohibit hydraulic fracturing in the state.
(Bloomberg) Californian Governor Gavin Newsom will ban new hydraulic fracturing permits in the coming years as the state pushes to eliminate net greenhouse-gas emissions by 2045.
His order Friday to halt new permits by January 2024 follows calls from environmental groups for executive action after two Democratic state senators failed to pass legislation that would prohibit fracking altogether in 2023. The bill aimed to protect communities that are most impacted by the oil production technique, which involves blasting a mix of water, sand and chemicals underground to unleash oil from shale rock.
Oil fell this week with spreading coronavirus cases in countries such as India tempering optimism.
(Bloomberg) Oil fell this week with spreading coronavirus cases in countries such as India tempering optimism around positive signs out of the U.S. and Europe.
Futures in New York rose the most in over a week on Friday, but were unable to reverse a 1.6% weekly loss as the market weighed a global economic reopening that’s coming in fits and starts. The U.S. has remained near the forefront of the world’s budding demand recovery from the pandemic, and the latest manufacturing figures out of Europe have stoked optimism around a recovery there.