"fossil fuel" tag
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ExxonMobil boosts fossil fuel commitment with Pioneer buyout

With the acquisition, ExxonMobil will command a dominant position over the top oilfield in the United States. Fossil fuel emissions are considered the main drivers of climate change. ExxonMobil has sealed a $59.5 billion (€56...

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BlackRock CEO draws investor fire over ESG ‘greenwashing’

UK activist investor Bluebell Capital has called on BlackRock to replace CEO Larry Fink over his failures to move the money management firm beyond investments in fossil fuels. Larry Fink’s annual letter to CEOs is...

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Plastic is the next oil for oil companies

With fuel demand depressed by coronavirus and a price war threatening to pump out more oil, the fossil fuel industry’s traditional revenue streams are on even shakier ground. Climate change will make that worse. As...

Coal versus Kiwis – New Zealand struggles to balance business and environment

In New Zealand, a century of coal mining tradition is clashing with efforts to protect pristine nature, and unique animals and plants. Hidden deep underground, below a wild frontier of native forest and jagged cliffs...