Oil & Gas

U.S. Cap-and-Trade Creates Winners and Losers among Largest Emitters

Under the Kerry-Boxer cap-and-trade bill, ExxonMobil would face an annual charge of $5.9 billion to purchase carbon allowances, while electricity giants like Exelon and Pacific Gas ...

Chesapeake Energy Changes Natural Gas Drilling Over Water Concerns

Due to environmental concerns over safe drinking water, Chesapeake Energy Corp. has agreed not to drill for natural gas within the New York City ...

EPA Orders Review of Air Pollution at BP Refinery

The U.S. Environmental Protection Agency (EPA) has ordered Indiana to re-examine several sources of air pollution at BP's Whiting refinery in northwest Indiana, one of the ...

Leading CEOs Advise Congress to Support All Energy Sources, Electric Grid

Business Roundtable, an association of chief executive officers at leading U.S. companies, is urging Congress and the Obama Administration to support renewable and traditional sources of ...

EIA Projects 2009 Emissions Reduction of 29M Metric Tons

The Energy Information Administration (EIA) expects CO2 emissions from the commercial and residential sectors to be 29 million metric tons lower in 2009, or just over ...

Oil Stakeholders Rally against Low-Carbon Fuel Standard

A 125-member group, comprised of oil companies, retailers, trucking and transportation groups, and industry organizations, are stepping up efforts against a low-carbon fuel standard (LCFS), reports ...

Oil Refiners and Farmers Lobby for Climate Change Concessions

It's a tough road ahead for the U.S. climate bill in the Senate. So far, oil refiners and farmers as well as a leading trade group are expressing their dissatisfaction with the climate legislation recently ...

BP Shutters Alternative Energy HQ

British Petroleum has shutdown its alternative energy headquarters in London, accepted the resignation of its managing director and announced budget cuts - all moves likely to ...

California Delays Carbon Fee Decision

California has delayed a decision on whether to implement the nation's first statewide carbon fee on utilities, oil refineries and ...

Cap-and-Trade Financial Risk Small For Most, Disaster for Some

The financial risk to companies in the S&P 500 would vary greatly under a cap-and trade program requiring the purchase of carbon emission credits, according to ...

Chevron First Big Oil Firm to Track Carbon Content

The Sisters of St. Dominic of Caldwell, N.J., a faith-based institutional investor and member of the Interfaith Center on Corporate Responsibility (ICCR), has withdrawn its greenhouse ...

Exxon Mobil Reduces GHG Emissions by 10M Metric Tons

Exxon Mobil Corporation provides details on its environmental, economic and social performance improvements in its newly released 2008 Corporate Citizenship ...

Total Cuts Emissions by 5.2% in 2008

Total, the world's fifth largest publicly-traded integrated oil and gas company, has cut its greenhouse gas (GHG) emissions by 5.2 percent in 2008, according to its recently ...

Mirant Gets Top Sustainability Grades in the Energy Sector

The Roberts Environmental Center of Claremont McKenna College (CMC) has released a new study that provides an analysis of the social responsibility reporting efforts ...

Canada, China, Germany Struggle to Reduce GHG Emissions

Although many countries are setting carbon reduction targets, many of them are still struggling with ways to reduce greenhouse gas emissions -- much of it from ...

Global Climate Coalition Ignored Own Scientists’ Advice

It's coming to light that for years the Global Climate Coalition, an industry funded group that has argued that global warming is a sham, ignored the ...

BP Lowers Emissions by More Than Three Percent in 2008

British Petroleum (BP) has released its Sustainability Review 2008 that provides an update on the company's responsible operations, environmental performance and its role in society. BP's total ...

Clean Energy Backs Natural Gas Vehicle Legislation

Clean Energy Fuels Corp. is adding its support for the New Alternative Transportation to Give Americans Solutions (NAT GAS) Act recently introduced in Congress. The federal ...

Shell Scales Back Renewable Energy Investments

Royal Dutch Shell has angered "green" groups by announcing plans to scale back its renewable energy business to focus on oil, gas and biofuels, reports the ...

Obama’s Budget Relies on Cap-and-Trade to Offset Costs

President Obama's economic team Feb. 26 released details of his nearly trillion-dollar budget - to be funded in part by cap-and-trade limits on carbon emissions - revealing how the energy and environment sectors are likely ...