Sustainable investing’s credibility took a hit when the S&P 500 ESG index dropped the electric vehicle-maker but kept the oil giant. The SEC is now considering new disclosure rules.
A woman sells drinks on a street in Georgetown in Guyana, one of South America’s poorest countries, March 1, 2020.
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Buyers are avoiding Russian oil in response to the war in Ukraine. Can smaller producers leverage this moment to strike favorable deals with big oil companies?
Pumps at a Shell fueling station in Tatarstan, Russia, Nov. 20, 2017.
Yegor Aleyev\TASS via Getty Images
Yan Anthea Zhang, Jones Graduate School of Business at Rice University
The world’s largest energy companies are used to doing business in risky places with difficult partners. But with war in Ukraine, preserving their reputations outweighs profits.
The oil industry was aware of the risks of climate change decades ago.
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Transcripts and internal documents show how the industry shifted from leading research into fossil fuels’ effect on the climate to sowing doubt about science.
To date, courts have often been reluctant to interfere in what is viewed as an issue best left to policymakers. These recent judgements, and others, suggest things are changing.
Engine No. 1 wants Exxon to focus less on fossil fuels.
AP Photo/Matthew Brown
Engine No. 1 convinced other shareholders to support at least two of its nominees to join the company’s board as part of its push for a stronger sustainability strategy at Exxon.
Secretary of State Mike Pompeo with Guyana’s president, Mohamed Irfaan Ali, Sept. 18. Pompeo is the first U.S. secretary of state to visit the tiny South American country.
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Tiny Guyana hoped to see unprecedented wealth this year as ExxonMobil’s offshore wells began pumping out crude. Instead, it got a pandemic and political strife. Other oil states are struggling, too.
Protesters rally to have Colorado’s then-incoming governor put an up-to-nine-month moratorium on oil and gas development.
Helen H. Richardson/The Denver Post via Getty Images
Millions of dollars are spent every election by corporations that want to influence state regulations and policies, and that’s likely to continue in the upcoming election.
BHP has voted to stay in the Minerals Council of Australia.
Environmental Change and Security Program/Flickr
Despite voting to remain a member of an Australian coal lobby group, there are growing divisions between fossil fuel extractors and the larger energy industry.
A rig off the coast of Cyprus explores the region’s gas potential.
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With ExxonMobil set to begin oil production in Guyana next year, this tiny South American country will soon become unthinkably rich. But neighboring Venezuela shows how an oil boom can go bust.
Wind power can create jobs for workers like these while cutting carbon pollution.
AP Photo/Steven Senne
Ensuring no industry becomes too big to fail can be achieved by changing the way companies are run. The aim is to develop a sustainable model for corporations.
The biggest U.S. oil company wants to pay every American a dividend.
AP Photo/Richard Drew
Exxon Mobil has a clear motive to back a new plan to tax carbon with its clout and money. And a carbon tax that is high enough to work might prove politically impossible to enact.
Former EPA chief Scott Pruitt, second from left, conferring with auto industry leaders.
AP Photo/Andrew Harnik
A scholar of climate misinformation campaigns explains how, in part, the large gap in public opinion on global warming emerged since a scientist’s landmark clarion call for action.
Oil companies are pushing the world to believe they are the solution to, not the cause of, climate change.
Protesters have sought for years to force Exxon Mobil to disclose the risks it faces due to climate change and to do more to minimize them.
AP Photo/LM Otero