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Environment

Environment

We’re making a small contrarian buy as oil prices and energy stocks get crushed

Is the decline in WTI crude a sign of something more ominous? We don’t think so just yet.

by admin December 6, 2023
Environment

U.S. crude oil falls below $70 a barrel, closing at the lowest level since June

Gas prices at a Shell gas station in Washington, DC, US, on Tuesday, Nov. 28, 2023. Al Drago | Bloomberg | Getty Images U.S....

by admin December 6, 2023
U.S. crude oil falls below  a barrel, closing at the lowest level since June
Environment

Exxon sees big earnings boost from cost cuts, will increase share buybacks after Pioneer deal closes

Darren Woods, chairman and chief executive officer of Exxon Mobil Corp., Brendan McDermid | Reuters Exxon Mobil said Wednesday its expects earnings to more...

by admin December 6, 2023
Exxon sees big earnings boost from cost cuts, will increase share buybacks after Pioneer deal closes
Environment

Oil CEO says blaming the energy industry for the climate crisis ‘like blaming farmers for obesity’

DUBAI, United Arab Emirates —The chief executive of UAE-based energy firm Crescent Petroleum on Tuesday claimed that blaming the oil and gas industry for...

by admin December 5, 2023
Oil CEO says blaming the energy industry for the climate crisis ‘like blaming farmers for obesity’
Environment

‘Beyond justification’: Record number of fossil fuel lobbyists attend COP28 climate talks in Dubai

A man wearing a thawb walks past flags of nations participating in the UNFCCC COP28 Climate Conference the day before its official opening on...

by admin December 5, 2023
'Beyond justification': Record number of fossil fuel lobbyists attend COP28 climate talks in Dubai
Environment

U.S. leads coalition to triple nuclear power by 2050 in effort to address climate change

U.S. Special Presidential Envoy for Climate John Kerry participates in an event on women’s role in building a climate-resilient world, at COP28 World Climate...

by admin December 4, 2023
U.S. leads coalition to triple nuclear power by 2050 in effort to address climate change
Environment

China’s emissions targets not robust enough, U.S. energy chief says

China’s current emissions reduction targets are not as strong as they need to be, U.S. Deputy Secretary for Energy David Turk said Monday. “I think...

by admin December 4, 2023
China's emissions targets not robust enough, U.S. energy chief says
Environment

Manchester United set to confirm 25% stake sale to petrochemicals billionaire Ratcliffe: Report

A statue of George Best, Denis Law and Bobby Charlton standing outside Old Trafford, home of Manchester United in Manchester, England. Mike Hewitt |...

by admin December 4, 2023
Manchester United set to confirm 25% stake sale to petrochemicals billionaire Ratcliffe: Report
Environment

Venezuelans vote to claim sovereignty over a part of oil-rich nation Guyana

President of the Bolivarian Republic of Venezuela, Nicolás Maduro, gestures as he speaks after the National Electoral Council published the results of the consultative...

by admin December 4, 2023
Venezuelans vote to claim sovereignty over a part of oil-rich nation Guyana
Environment

Time to say ‘the F-words’? A fossil fuel fight takes center stage at the COP28 climate summit

Sultan al-Jaber, president of the UNFCCC COP28 climate conference, speaks during day two of the summit on Dec. 2, 2023 in Dubai, United Arab...

by admin December 3, 2023
Time to say 'the F-words'? A fossil fuel fight takes center stage at the COP28 climate summit
Environment

Exxon Mobil CEO urges COP28 to focus on reducing emissions — not phasing out fossil fuels

Dubai, UNITED ARAB EMIRATES — Exxon Mobil CEO Darren Woods on Saturday said the “problem statement” that countries need to focus on at the...

by admin December 2, 2023
Exxon Mobil CEO urges COP28 to focus on reducing emissions — not phasing out fossil fuels
Environment

Bill Gates warns the world is likely to smash through a critical warming threshold

Bill Gates arrives for a press conference to launch the Global Polio Eradication Initiative at the European Commission’s Berlaymont headquarters in Brussels on October...

by admin December 1, 2023
Bill Gates warns the world is likely to smash through a critical warming threshold
Environment

Oil prices could reach $100 a barrel in 2024 if OPEC+ members fulfil pledges for voluntary cuts

Processing towers stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., in Tuapse, Russia, on Monday, March 23, 2020. Andrey Rudakov | Bloomberg...

by admin December 1, 2023
Oil prices could reach 0 a barrel in 2024 if OPEC+ members fulfil pledges for voluntary cuts
Environment

Coinbase rallies more than 60% in same month that FTX and Binance founders brace for prison

Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside...

by admin November 30, 2023
Coinbase rallies more than 60% in same month that FTX and Binance founders brace for prison
Environment

Oil kingpin Saudi Arabia extends its production cut into first quarter as OPEC+ holds policy

The logo of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, on Thursday, July 6, 2023. Bloomberg | Bloomberg | Getty...

by admin November 30, 2023
Oil kingpin Saudi Arabia extends its production cut into first quarter as OPEC+ holds policy
Environment

Brazil set to join the influential OPEC+ oil producers’ alliance

On Sept. 27, 2023, the President of Brazil, Luiz Inacio Lula da Silva, will take part in a ceremony at the Planalto Palace to...

by admin November 30, 2023
Brazil set to join the influential OPEC+ oil producers' alliance
Environment

OPEC+ oil producers head into meeting with quota unease and geopolitical risks casting a shadow

Saudi energy minister Abdulaziz bin Salman on Oct. 5, 2022. Bloomberg | Bloomberg | Getty Images The influential Organization of Petroleum Exporting Countries and...

by admin November 29, 2023
OPEC+ oil producers head into meeting with quota unease and geopolitical risks casting a shadow
Environment

Elliott takes $1 billion stake in Phillips 66, seeks two board seats

Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is seeking as many as two board seats in a push...

by admin November 29, 2023
Elliott takes  billion stake in Phillips 66, seeks two board seats
Environment

American Airlines works with startup to reduce carbon dioxide by storing bricks of plant material underground

The Air Traffic Control tower is seen at the Miami International Airport on September 25, 2023 in Miami, Florida. Joe Raedle | Getty Images...

by admin November 28, 2023
American Airlines works with startup to reduce carbon dioxide by storing bricks of plant material underground
Environment

OPEC says oil industry unjustly vilified ahead of COP28 climate talks

OPEC has refused to switch to bigger output increases as group sources have cited a lack of spare capacity among members to add more...

by admin November 27, 2023
OPEC says oil industry unjustly vilified ahead of COP28 climate talks
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