Tag #Oil And Gas

Showing 25 to 36 of 61 results

forbes.com
🌐 75% Global Worthiness
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BP Stock Plummets, Activist Investor Pushes for Oil and Gas Focus

BP's stock price has plummeted 32.42% year-to-date, significantly underperforming competitors like Shell and ExxonMobil. This prompted activist investor Elliott Investment Management to take a stake, leading to a strategic reset focusing on oil and gas, job cuts, and a shareholder revolt at BP's ann...

Progress

64% Bias Score

Climate Action
elmundo.es
🌐 75% Global Worthiness
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BP Shifts from Green Transition After Activist Investor Pressure

BP's chairman, Helge Lund, is leaving after activist investor Elliott Management pressured the company to increase oil and gas production, derailing its planned 40% reduction in hydrocarbon dependence. This follows the 2023 departure of CEO Bernard Looney.

Progress

64% Bias Score

Climate Action
theglobeandmail.com
🌐 85% Global Worthiness
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Record High Temperatures and CO2 Levels Highlight Climate Change

2023 was the hottest year on record globally, with the ten hottest years all occurring in the last decade; record-high atmospheric carbon dioxide levels (800,000-year high) are attributed to human activity by the World Meteorological Organization.

Progress

40% Bias Score

Climate Action
theglobeandmail.com
🌐 75% Global Worthiness
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Alberta Premier Demands Federal Action to Avert National Unity Crisis

Alberta Premier Danielle Smith met with Prime Minister Mark Carney, demanding immediate action on wildfires, oil sales, and resource rights to prevent a national unity crisis; she listed specific policy changes and warned of an unprecedented crisis if demands aren't met within six months.

Progress

60% Bias Score

Sustainable Cities and Communities
theglobeandmail.com
🌐 85% Global Worthiness
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Canada Rejects Partial Tariff Exemptions, Demands Full Trade Agreement Restoration

Canadian Energy Minister Jonathan Wilkinson opposes partial tariff exemptions from the U.S., demanding a return to the original trade agreement due to significant economic damage caused by President Trump's threatened tariffs, resulting in retaliatory measures and potential trade diversification by ...

Progress

44% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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BP's Strategic U-Turn: Share Price Falls Despite Increased Fossil Fuel Focus

BP's shift to prioritize shareholder value over climate goals, reducing low-carbon investments and increasing oil and gas production, led to a 1.4% share price drop despite a FTSE 100 increase, highlighting market skepticism of the strategy.

Progress

60% Bias Score

Climate Action
theglobeandmail.com
🌐 75% Global Worthiness
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Newfoundland and Labrador Delays Budget Balancing Amidst Global Uncertainty

Newfoundland and Labrador's 2025-26 budget forecasts a $372 million deficit, delaying the province's plan to balance its budget due to global economic uncertainty stemming from US tariffs on Canadian goods; the province will borrow $4.1 billion, increasing its net debt to $19.4 billion, while alloca...

Progress

40% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 75% Global Worthiness
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Alberta Proposes Industry-Managed Insurance Fund for Inactive Oil Wells

A revised Alberta government report proposes a province-managed insurance fund, rather than taxpayer-funded, to address nearly 80,000 inactive oil wells, alongside creating new industry-funded companies to manage well reclamation, shifting from a zero-risk to a risk-based cleanup framework.

Progress

56% Bias Score

Climate Action
theglobeandmail.com
🌐 75% Global Worthiness
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Alberta Explores 'ClosureCo' Model to Tackle Massive Oil Well Cleanup Liability

Alberta faces a $33-billion to hundreds of billions of dollars liability from 274,215 inactive oil and gas wells; the province is considering a "ClosureCo" model, where specialized companies acquire and clean up wells, but its success hinges on securing funding without public subsidies.

Progress

44% Bias Score

Clean Water and Sanitation
theguardian.com
🌐 90% Global Worthiness
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CeraWeek 2024: Fossil Fuel Industry Celebrates Energy Dominance Amidst Internal Uncertainty

At this year's CeraWeek, the fossil fuel industry celebrated the Trump administration's environmental rollbacks and focus on energy dominance, abandoning previous sustainability pledges; this shift, however, is not without internal concerns regarding regulatory uncertainty and potential price drops,...

Progress

64% Bias Score

Climate Action
theguardian.com
🌐 85% Global Worthiness
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UK to End North Sea Oil Windfall Tax, Ban New Drilling Licenses

The UK government announced plans to end the windfall tax on North Sea oil and gas from 2030, replacing it with a price-linked system, and to ban new drilling licenses, aiming for a transition to clean energy by 2050, prompting mixed reactions from unions and environmental groups.

Progress

44% Bias Score

Climate Action
bbc.com
🌐 85% Global Worthiness
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BP Shifts Back to Oil and Gas, Abandoning Renewable Energy Goals

BP is shifting back to oil and gas production, cutting renewable energy investment due to lower profits in renewables and shareholder pressure for maximizing returns, despite climate concerns and potential for stranded assets.

Progress

56% Bias Score

Climate Action

Showing 25 to 36 of 61 results