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.
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?
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.
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 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.
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.
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.
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.
Russia’s influential position as Europe’s main supplier of natural gas is under threat from new discoveries.
As the impacts of climate change escalate, bankruptcies and other corporate financial woes are likely to only increase.
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.
There are ways to reduce the risk of protests like France’s yellow vests movement.
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.
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.
The environmental responsibility some businesses say they embrace is only a veneer.
There are precedents for trying to make the industries responsible for climate change foot the bill for adapting to a changed climate.
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.
The oil giant is bowing to pressure exerted by shareholders and the authorities as it tries to catch up with its competitors.