oil and gas

Exxon to Slash 14,000 Jobs Worldwide as Oil Demand Drops

Exxon to Slash 14,000 Jobs Worldwide as Oil Demand Drops

Exxon Mobil will lay off an estimated 14,000 workers, about 15% of its global workforce, including 1,900 workers in the U.S., the company announced Thursday. Analysts said the layoffs are part of an effort by the beleaguered company to maintain its stock dividend despite sharply reduced demand during the coronavirus pandemic. While other oil majors […]

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    Huge Victory: Seismic Blasting Is Halted in Atlantic Ocean

    Huge Victory: Seismic Blasting Is Halted in Atlantic Ocean

    By Andrea Germanos The federal government and fossil fuel industry announced at a legal hearing Thursday that seismic blasting will not be carried out in the Atlantic Ocean this year—and possibly not in the near future either—a development welcomed by conservation groups who lobbied forcefully against what they said would have been an “unjustified acoustic […]

    Major Utility Companies Lag Switching to Clean Energy

    Major Utility Companies Lag Switching to Clean Energy

    By Jo Harper Only 10% of global energy utility companies are expanding their renewable energy capacity at a faster rate than their gas or coal-fired capacity. That is the main finding of a study by Galina Alova from the Smith School of Enterprise and the Environment at the University of Oxford. The study, published in […]

    City of Hoboken Files Climate Suit Against Big Oil: Exxon, Shell, More

    City of Hoboken Files Climate Suit Against Big Oil: Exxon, Shell, More

    By Kenny Stancil The city of Hoboken on Wednesday filed a lawsuit against multiple Big Oil players—including ExxonMobil, incorporated in New Jersey—joining an increasing number of state and local governments using litigation in efforts to hold the fossil fuel industry accountable for defrauding the public about foreseen climate crisis damages and to make companies “pay […]

    Mauritius Oil Spill: Japan Asked to Pay $34 Million for Recovery Efforts

    Mauritius Oil Spill: Japan Asked to Pay $34 Million for Recovery Efforts

    By Seerat Chabba Mauritius has asked Japan to pay close to 3.6 billion yen (€28.5 billion, $34 million) in order to support local fishermen whose livelihoods were adversely impacted by an oil leak last month, according to a Mauritian government document accessed by Japanese news agency Kyodo News. The spill occurred when Japanese bulk carrier […]

    President Donald Trump’s Climate Change Record Has Been a Boon for Oil Companies, and a Threat to the Planet

    President Donald Trump’s Climate Change Record Has Been a Boon for Oil Companies, and a Threat to the Planet

    By Vernon Loeb, Marianne Lavelle and Stacy Feldman In the middle of his 44th month in office, two weeks before the start of the Republican convention in late August, President Trump rolled back Barack Obama’s last major environmental regulation, restricting methane leaks. The move represented an environmental trifecta of sorts for the president, who had […]

    Trump Admin Proposes Drilling for Oil and Gas in National Forests

    Trump Admin Proposes Drilling for Oil and Gas in National Forests

    The Trump Administration released a proposed rule allowing oil and gas drilling on millions of acres of protected national forests, The Houston Chronicle reported. The new rule would allow drilling without public review or environmental reviews that would analyze the impact of industrial actions, The Guardian reported. “By undermining the public participation and environmental review […]