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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.

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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 »

Shell Takes $2.6bn Hit from Ending Arctic Drilling Operations

Shell reported a $6.1 billion loss on its third quarter 2015 earnings — 216 percent lower than the same quarter a year ago — after announcing announcing it will cease further exploration activity in offshore Alaska for the foreseeable future. Earnings per share for the third quarter of 2015 plummeted … Read more »

Shell

Shell Boss: Global Carbon Price Needed

Shell CEO Ben van Beurden says governments should put a price on carbon, which will then drive the “right behavior of consumers and producers” in terms of tackling climate change. The oil giant’s boss, speaking at a conference yesterday, said heavy industry, heavy-duty transport, chemicals and other industries will continue … Read more »

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Oil Giants Form Climate Lobbying Group

Shell, Schneider Electric and the Rocky Mountain Institute introduced the Energy Transitions Commission at the Fortune Brainstorm E Conference in Austin, Texas. The commission was formed to develop actionable insights to help energy decision-makers sustain economic growth while also mitigating climate change. Commissioners come from the following energy companies, renewable … Read more »

Shell

Shell Ends Arctic Drilling Operations

Shell has abandoned its Arctic drilling operations, yesterday announcing it will cease further exploration activity in offshore Alaska for the foreseeable future. The decision comes as the oil giant has been under increasing pressure from environmentalists and businesses to halt its drilling operations in the Arctic Ocean. After exploring the … Read more »

Shell

Shell Exits Climate Change Corporate Leaders Group

Royal Dutch Shell is no longer a member of the Prince of Wales’s Corporate Leaders Group — a leading climate change advocacy group it helped start 10 years ago. Shell’s departure comes as environmentalists increasingly call for the oil company to halt its drilling operations in the Arctic Ocean. A … Read more »

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