Industry representatives have characterized the lawsuits as a “waste of taxpayer resources” and contended that climate change should be addressed by Congress, not the courts.
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.
At least 1,300 employees of organizations representing fossil fuel interests registered to attend this year's United Nations climate talks in Dubai, more than three times the number found in an Associated Press analysis of last year's talks, as new rules took effect requiring attendees to disclose their employment.
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.
Global energy giant BP, one of Britain’s biggest and most recognizable companies, is scurrying to find a new chief executive after CEO Bernard Looney became the latest corporate leader to step down amid questions about his personal conduct.
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.
Shell reported on Thursday that it earned nearly $5.1 billion in the second quarter, nearly half what the oil and natural gas giant pulled in during the first three months of the year as energy prices have plunged.
When the gas rig arrived off the coast of Saint-Louis, residents of this seaside Senegalese town found reason to hope. Officials promised the drilling would soon bring thousands of jobs and diversification of the economy.