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A new report finds that the productivity of ExxonMobilโs wells in the Permian basin declined in 2019, raising โtroubling questions about the qualityโ of its assets.
ExxonMobil says a 9 billion barrel oilfield off the low-lying South American nationโs coast could soon outpace Permian production.
Indigenous activists in Northern Minnesota occupied sites of Enbridgeโs Line 3 pipeline, seeking to disrupt construction. The action puts national attention on an issue that President Biden has tried to ignore.
Pro-fracking union leader Gary Smith has accused politicians of โpreaching about the need for a green jobsโ revolutionโ and said Glasgow's hosting of the UN climate summit showed the UK had its "priorities all wrong".
Experts shine a spotlight on the worst offenders in the Permian basin. The technological fixes are obvious, they say, but state regulators are so far unwilling to act.
The accounting companies hired by oil companies to evaluate their inflated financial claims are on the hook from investors frustrated by the lack of accountability.
The influential agency is also wildly overestimating the amount of bioenergy currently in production, argues Biofuelwatchโs Almuth Ernsting.
Despite talk of an energy transition and a wave of fossil fuel bankruptcies, big bank CEOs described plans to continue business with beleaguered fossil fuel industries.
Campaigners welcomed the result but warned against complacency after claiming the bank had left a number of questions unanswered during its annual general meeting.
"We canโt recall another time that an energy companyโs shareholder has been so effective and forceful in showing how a companyโs failure to take on climate change has eroded shareholder value."
