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Oil Giants Say New York City’s Suit Targeted at Them is Aimless

Oil Giants Say New York City’s Suit Targeted at Them is Aimless

New York City is suing BP, Chevron, ConocoPhillips, Exxon Mobil and Royal Dutch Shell, saying that each has contributed to global warming and has cost the city billions of dollars as it has tried to mitigate the harm done from such things as deviant weather patterns. The oil giants, though, are firing back, noting that they are on board with efforts to reduce heat-trapping emissions.

Tesla-SolarCity, Total-Saft Acquisitions: In the Race to Integrate Power Companies, Who Is Next?

Tesla-SolarCity, Total-Saft Acquisitions: In the Race to Integrate Power Companies, Who Is Next?

These are tough times for oil giants. They’re up against falling profits and facing threats from alternative fuels and battery technologies as global momentum shifts toward a low-carbon economy. To overcome these challenges, global oil “supermajors” should follow in the footsteps of Total — which bought energy storage company Saft … Read more »

offshore oil drilling

Shareholder Group Says Oil Companies Need to Turn the Corner, or Crash

Corporate environmental managers may be eyeing this report with skepticism. But they are reading it closely, nonetheless. As You Sow is reporting that the oil industry’s fundamentals are weakening, which could cut into its future market share and future profitability.


US Reps to Oil Giants: Did You Fund Climate Change Denial?

CEOs of major fossil fuel companies — including ExxonMobil, Chevron, Shell, ConocoPhillips, Peabody Energy and BP — have received letters from a group of US congress people asking them if they were involved in efforts to “spread disinformation about climate science.” The letter, signed by 45 Democratic representatives, follows a … Read more »

Global 500 Firms’ GHG Emissions Rise

Global 500 Firms’ GHG Emissions Rise

Greenhouse gas emissions from the world’s 500 largest businesses rose 3.1 percent from 2010 to 2013, according to a Thomson Reuters report written in collaboration with BSD Consulting. During this time the UN says major companies should have seen a 4.2 percent reduction to keep global temperatures within a 2 … Read more »

Toolkit Highlights Sustainability Best Practices

The Global Environmental Management Initiative has launched a toolkit designed to help corporations better address sustainability topics by communicating the value of sustainability to employees and using other internal means to achieve objectives. The GEMI Quick Guide on Cultivating Sustainability Within an Organization includes best practices and mini case studies from … Read more »

Oil Sands Companies Pledge Environmental Impact Reduction Targets

Canadian oil sands producers including ConocoPhillips, ExxonMobil and Royal Dutch Shell will commit to specific environmental impact reduction targets later this month, The Wall Street Journal reports. The pledges are the result of an industry partnership established two years ago. The companies say water treatment, greenhouse gas emissions, land reclamation … Read more »

2014 Corporate Water Investment Up Over Second Half of 2013

2014 Corporate Water Investment Up Over Second Half of 2013

Corporate investment in water and wastewater was up by 53 percent during the first half of 2014 compared to the second half of 2013, according to the Cleantech Group. However, water and wastewater is still a relatively small portion of venture and corporate investment compared to areas such as energy … Read more »

Drones Fighting the Sustainability Battle

Unmanned aerial vehicles are most commonly associated with shadowy wars in far-off lands, but they are now starting to be used for the more benign task of sustainability, reports Fuel Fix. Last year, for example, ConocoPhillips employed a fleet of drones to help meet environmental regulations Alaska’s Chukchi Sea, the website reports. … Read more »

Oils Sands Industry Unlikely CO2 Recycling Champion

The Canadian oil sands industry, long held up as a pariah by the environmental movement, has recently been the source of a flurry of financial and technical assistance for recycling carbon emissions, The Guardian reports. The impetus for such a seemingly counter-intuitive move appears to be financial, according to the … Read more »

States Accuse Companies of Improper Cleanup Payments

Chevron, Exxon, ConocoPhillips and Sunoco have paid more than $105 million through state settlements in the past three years after they were accused of getting paid twice to deal with the same contamination cases, including leaks from underground fuel storage tanks. The cases allege the companies were paid once by … Read more »

Big Oil, Major Firms Plan for Carbon Price

Big Oil, Major Firms Plan for Carbon Price

Walmart, BP, ExxonMobil, General Electric and about two dozen other major US companies have already integrated a price on carbon emissions into their long-term business plans, according to a CDP report. In 2013, 28 companies based or operating in the US disclosed that they use an internal carbon price in … Read more »

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