Kashagan consortium: delays mean longer contracts or missed targets.
FT: “The oil companies behind the $50bn Kashagan oil project in the Caspian Sea will not be able to raise production to a million or more barrels a day as planned unless they can extend the life of the...
View ArticleShell is wrong to accuse Carbon Tracker of “trivialising the climate debate”.
Jeremy Leggett in Recharge: “A debate is growing in the capital markets about whether carbon-fuel assets are at risk of being stranded — rendered unuseable by trends and events, including policies to...
View ArticleExxon begins drilling in Russian Arctic immune to sanctions.
Bloomberg: “Sanctions, what sanctions? ExxonMobil Corp. will start drilling a $700 million well in the Arctic Ocean tomorrow, Russia’s government said, showing that for all the talk of action against...
View ArticleExxonMobil underestimates climate risks: Carbon Tracker.
Carbon Tracker press release: “In March 2014 ExxonMobil published a document entitled, “Energy and Carbon – Managing the Risks” in response to a shareholder proposal by Arjuna Capital and As You Sow.”...
View ArticleExxon winds down Russian Arctic drilling campaign as sanctions bite.
FT: “Exxonmobil, the US oil company, is winding down its drilling campaign in the Russian Arctic, making it the biggest corporate casualty of sanctions announced by the US and EU this month, by putting...
View ArticleBig oil groups blame climate change on coal at UN summit.
FT: “….Khalid A Al-Falih, chief executive of the world’s biggest oil producer, Saudi Aramco, a goliath in a fossil fuel industry that many summit speakers said would eventually need to be wiped out....
View ArticleRosneft and ExxonMobil find oil with their $700m Arctic well.
FT: “Russia’s top crude oil producer Rosneft confirmed on Saturday that it has made an oil discovery with ExxonMobil at their controversial joint well in the Arctic.” “The Universitetskaya-1 well in...
View ArticleExxon releases report on fracking impacts, under shareholder pressure.
NYT: “Exxon Mobil issued a report Tuesday that acknowledges the environmental risks of hydraulic fracturing but also defends the practice as being better for the environment than other types of energy...
View ArticleExxon accuses divestment movement of fuelling global poverty.
National Journal: “Exxon Mobil is wielding its public relations might against the fossil-fuel divestment movement, signaling that climate-change activists have struck a nerve at the world’s biggest...
View ArticleShareholders tell Exxon: Oil price, climate should mean $56B in dividends.
Houston Business Journal: “ExxonMobil Corp. needs to face the reality of low oil prices and climate change, according to shareholders from Arjuna Capital and As you Sow.” “An unspecified number of...
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