Five of the top Big Oil companies in the world were expected to pay shareholders over $100 billion for 2023. The estimated 2023 payouts from BP, Shell, Chevron, ExxonMobil and TotalEnergies were on track to surpass the dividend payments and share buybacks from 2022, which reached $104 billion, according to the Institute for Energy Economics […]
Fossil fuel giant BP made headlines earlier this year when it announced it would target net zero emissions by 2050. Now, it is in the headlines again, since it announced on Monday that it would slash 10,000 jobs, roughly 15 percent of its workforce, as it struggles during a downturn in the oil market and […]
British-based oil and gas giant BP set the most ambitious climate goal of any company in its industry yesterday when it announced that it will eliminate or offset all of its greenhouse gas emissions by 2050, according to The New York Times. Its ambitious plans included offsetting the burning of oil and gas it takes […]
A Danish pension fund has said it would sell its stake in major oil companies as their business models are incompatible with the goals set out in the Paris climate agreement. MP Pension, a $20 billion pension for Danish M.A’s, M.Sc.’s and Ph.D’s who are employed in public sector universities and upper secondary schools, said […]
By Julia Conley Three Greenpeace campaigners halted a British Petroleum oil rig off the coast of Scotland on Sunday as it prepared to leave for the North Sea to drill oil wells. Carrying enough provisions to last several days aboard the rig, the climate action advocates pulled up to the 27,000-ton vessel in small boats […]
By Andy Rowell It may be a New Year, but there is an old oil spill that keeps on spilling. The trouble is that you will probably have never have heard about the spill. But you need to know. Because, for more than 14 years, some 10,000 to 30,000 gallons of oil have leaked daily […]
Global carbon dioxide emissions from energy use increased 1.6 percent in 2017 following three years of stagnation, according to a new report from British oil giant BP. The analysis, published Wednesday, further emphasizes worldwide failure to meet the goals struck by the Paris agreement to avoid the worst impacts of climate change. Spencer Dale, the […]
King County, which covers the Seattle metropolitan area, followed the lead of 10 other cities and counties in the U.S. when it filed a lawsuit Wednesday against the world’s five largest oil companies for damages incurred by climate change, a county press release announced. “The science is undisputable: climate change is impacting our region today, […]
The Trump administration is ignoring advice from the bipartisan commission that investigated the BP Deepwater Horizon disaster as officials move to repeal offshore drilling safety regulations adopted in its aftermath. Friday is the eighth anniversary of the explosion that killed 11 oil workers and caused more than 210 million gallons of oil to flow uncontrolled […]