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.”
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.