Sunday, February 23, 2025
Climate is changing. Investing needs to, too, says BlackRock- oil and gas 360

Climate is changing. Investing needs to, too, says BlackRock

AP News NEW YORK — A changing climate means dramatic risks for the world — and for investments too, the chief of the world’s largest investment manager said Tuesday. To prepare for and protect against those risks, BlackRock CEO Laurence Fink said in his influential annual letter to CEOs that his firm, which manages roughly $7 trillion for investors, will make a

U.S. oil growth to slow, may spur shale buyouts: Schlumberger’s Papa

Reuters DHAHRAN, Saudi Arabia – U.S. oil output growth is expected to slow over the next five years, likely prompting oil majors to “gobble up” smaller shale oil producers, Mark Papa, shale pioneer and non-executive chairman of Schlumberger, told Reuters. U.S. output surged to nearly 13 million bpd last year, making it the world’s largest producer. The Energy Information Administration

Texas oil & gas industry breaks tax records while grappling with climate change- oil and gas 360

Texas oil & gas industry breaks tax records while grappling with climate change

Houston Chronicle The oil & gas industry broke state tax records in 2019 while grappling with ways to control emissions that are believed to be responsible for climate change. In a report issued on Tuesday morning, the Texas Oil & Gas Association reported that the industry paid $16.3 billion in taxes and royalties to the State of Texas, county governments