Canadian oil and gas companies facing a federally imposed emissions cap will decide to cut their production rather than invest in too-expensive carbon capture and storage technology, a new report by Deloitte says.
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.
As the urgency of addressing climate change grows across the United States, one unprecedented heat wave and flood at a time, cities are finding ways to cut fossil fuels out of their future.
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.
The regulator says the move would reward companies that remediate their old sites promptly, cutting the amount of environmental red ink on their books and making it easier for them to sell or buy old wells.
There is no room for ambiguity in the face of the layered crises of climate change, economic strain and a pandemic, writes Anjali Appadurai. We must pick a side.
Alberta's New Democrat Opposition wants public consultations on a government plan that would subsidize oil and gas companies to fulfil legal commitments to clean up old wells, a major proponent of which has been working directly in Premier Danielle Smith's office for months.
Canadian oil and gas companies are expected to increase spending in 2023, but analysts say it will be another year of modest growth and not a return to boom times.
With oil and gas companies under increased scrutiny for how they choose to use their record-breaking profits in 2022, the chief executive of Cenovus Energy took aim at critics by highlighting the billions of dollars the industry is expected to contribute in taxes and royalties this year.
The research adds utility companies and their affiliated groups to the growing list of actors that spent years misleading the public about the threat of climate change.
The European Union on Friday, September 9, 2022, intensified its mission to shield the population from dramatically increasing energy prices that threaten to plunge millions into cold and poverty over the winter as tensions mount with Russia over the war in Ukraine.