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Last August, ExxonMobil warned that it may need to remove 20 percent of its oil and gas proved reserves from its books. While that was a shocking number from the oil major, reality proved to be even more of a shock to the company. On February 24, Exxon reported that it would actually remove over 30 percent of its proved reserves from its books — essentially wiping out the value of its Canadian tar sands holdings from its books. According to the Securities and Exchange Commission (SEC), proved reservesare “the estimated quantities of crude oil, natural gas, and natural gas liquids which g...

February 5, 2021 President Nicolás Maduro seeks to rapidly boost Venezuelan oil production by one million barrels per day (bpd), threatening to ravage the ecologically sensitive Orinoco region. To achieve the increase, he would reverse Chávez’s oil reforms, which extended Venezuelan sovereignty over its natural resources and captured super-profits that would otherwise have flowed to transnational oil companies. Chávez was an outspoken critic of capitalism and global warming, telling the Copenhagen summit on climate change in March 2013 that “climate change is undoubtedly the most devas...

22 Jan 2021 Nissan’s chief operating officer has said that Brexit “is a positive” for the carmaker, and that it will be moving battery production from Japan to Britain. “Brexit for Nissan is a positive. We’ll take this opportunity to redefine the auto industry in the UK. In certain conditions, our competitiveness is improved. For some of the cases, it is at par. It depends on which car, but competitiveness is definitely improved in electric vehicles,” said Ashwani Gupta, speaking from Yokohama, Japan. “Sunderland is one of the top three plants in the world for competitiveness fo...

CNN Tops Fox News and MSNBC in Impeachment Day Ratings According to Nielsen, CNN brought in a total of 3.804 million average viewersLindsey Ellefson | January 14, 2021 @ 1:56 PM Last Updated: January 14, 2021 @ 2:03 PM Getty Images CNN led the way in cable news ratings during Wednesday’s impeachment of outgoing President Donald Trump, according to early Nielsen Media Research data. According to Nielsen, from 12:30 p.m. ET to 4:45 p.m. ET Wednesday, CNN brought in a total of 3.804 million average viewers. MSNBC was in second place among the big three cable news networks, pullin...

It's not great but it's going to be very, very good for americans' wallets. ed: outrage still about the kate steinle verdict. not guilty in that horrible, horrible murder. and the bottom line is you have got the attorney general saying look, we have got an arrest warrant out there. we are going to crack down on sanctuary cities. mayor ed lee of san francisco doubles down. san francisco is and always will be a sanctuary city. how do you react to that? >> you know, this is really horrible. i mean, how do you read this story about this father, this poor father who is literally cradling his daught...