The oil and gas giant's profits reached US$14 billion, angering climate advocates as the corporation continues to grow its fossil fuel business while pulling back on low-carbon alternatives.
In lieu of clear legislation, many individuals, communities and environmental groups are banding together to sue the makers of single-use plastic products, looking to address the gap with litigation.
Oil Change International graded the plans of eight major oil corporations and found all of them are failing to meet their much-publicized climate pledges — with American firms receiving "worst of the worst" reviews.
Former president Donald Trump's ask for $1 billion in campaign donations from Big Oil seems a small price to pay to preserve the tax loopholes that his presidential opponent, Joe Biden, has indicated he intends to close.
The world’s five largest listed oil companies have made profits of more than a quarter of a trillion dollars since Russia’s invasion of Ukraine led to dramatic increases in energy prices and household bills.
The company hopes to stop investors voting on a motion put forward by Follow This, a Dutch green activist investor group, which called for Exxon to accelerate its attempts to cut greenhouse gas emissions.
MPs on the federal natural resources committee want Suncor CEO Rich Kruger to answer questions after Kruger indicated the oil giant must lessen its focus on energy transition to ensure maximum profitability.
Energy giant BP said on Tuesday it earned nearly $2.6 billion in the second quarter, almost half what it posted in the first three months of the year as oil and natural gas prices that surged after Russia's invasion of Ukraine have fallen.
Greenpeace Canada senior energy strategist Keith Stewart told Canada’s National Observer that Newfoundland and Labrador’s plan is “like giving money to Bill Gates to buy a computer.”