Reuters LONDON – BP BP.L is set to make around 7,500 compulsory redundancies after roughly 2,500 staff – or just over one in ten of those eligible – applied for voluntary severance, according to an internal memo seen by Reuters and company sources. The oil major announced plans in June to lay off almost 15% its 70,000-strong workforce as part of
Reuters OSLO – Microsoft Corp on Wednesday signed a memorandum of understanding with Norway’s Equinor to explore the use of a carbon dioxide storage facility as the tech firm seeks to cut its carbon footprint, the Norwegian oil ministry said. The world’s largest software company pledged in January to remove enough CO2 by 2050 to account for all its emissions
Reuters WASHINGTON – The U.S. Supreme Court on Friday agreed to hear an appeal by energy companies including BP PLC, Chevron Corp, Exxon Mobil Corp and Royal Dutch Shell PLC contesting a lawsuit by the city of Baltimore seeking damages for the impact of global climate change. The justices will weigh whether the lawsuit must be heard in state court
CNBC Looking for policy differences between President Donald Trump and his Democratic challenger former Vice President Joe Biden? The most stark may be on climate change, the issue that more than any other will shape America’s energy future. Biden has a climate plan — a big one. Trump simply doesn’t. Biden aims to push as much as $1.7 trillion over 10
Bloomberg Law The U.S. Supreme Court launches its new term with a light environmental docket and a heavy air of uncertainty, with a nomination battle raging and a global pandemic continuing to disrupt the institution’s normal order. The court sits for its first environmental case on the opening day of oral arguments Oct. 5, wading into a water war between
Hellenic Shipping News Oil & Gas 360 Publishers Note: Very interesting article with some nice nuggets. Don’t agree with many of the view points, but still an interesting article. At UN Climate Week this week, calls have increased for shipping to urgently ditch fossil fuels to meet the planet’s climate goals. The global shipping industry remains weakly regulated and is
inside climate news Oil & Gas Publishers Note: This is an excellent article by Nicholas Kunetz, and worth your time to read. He covers an excellent discussion of the carbon capture as a bi-partisan supported climate change discussion in the energy news. There are several key takeaways: (1) Exxon, BP, and other major oil companies have stated plans to move
Offshore A week after British oil and gas giant BP announced its plan to transition from mainly an oil operator into a clean-energy giant, the company saw its share price drop to a 25-year low. BP’s shares in London on Thursday stood at 232.4p, the lowest they have been since October 1995. The development follows the efforts of BP chief
Platts Houston — Texas must take the lead in carbon-capture technologies because the state serves as both a major leader in the oil and gas industry and the petrochemicals sector, panelists said Sept. 24 at the National Clean Energy Week and Climate Week NYC. Texas leads the nation in oil and gas production in the Permian Basin where more CO2 can
California Bioenergy LLC (CalBio), Chevron U.S.A. Inc. and local dairy farmers today an…
Economic Times Oil & Gas 360 Publishers Note: John Kemp has an excellent opinion piece about yesterday’s announcement from China and their “more vigorous policies” on carbon dioxide emissions peak before 2030. Personally I find this kind of an empty announcement from China. There is no meat to the announcement, and the number one source of pollution in the world
CNBC China is targeting peak carbon dioxide emissions by 2030 and carbon neutrality by the year 2060, according to President Xi Jinping. In an address to the United Nations General Assembly delivered remotely, Xi described the Paris Agreement on climate change as charting “the course for the world to transition to green and low-carbon development.” According to a translation of his
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