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Oil Titans Help Give Trump an Edge Over Biden in Fundraising

Latest, US News / By

Oil producers backed Trump’s political operation in April Former president has appealed directly to industry for support Oil industry titans are opening their checkbooks to support Donald Trump, with Texas tycoons Syed Javaid Anwar and Jeff Hildebrand among the donors contributing to the Republican candidate’s biggest fundraising month yet. Anwar, the founder and chief executive officer of Midland Energy …

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Shell Investors Ok Weaker Emissions Targets at Meeting

CDN and International News, Emission Reduction, Energy Topics & Technology, Latest / By

Chief executive Wael Sawan said he’s “very pleased” with the result Bloomberg News “I’m very pleased with what we’ve got” in support from investors, Shell chief executive Wael Sawan said on the sidelines of the meeting in London. “And I’m pleased that we have seen the Follow This resolution, get an even lower share of …

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Macron Urges TotalEnergies to Stay in France After Talk of U.S. Listing

Energy Topics & Technology, Exploration & Production, Latest, US News / By

(Reuters) – France supports companies that believe in the country, its President Emmanuel Macron said in an interview published on Wednesday, in response to a question on oil major TotalEnergies’  potential pursuit of a U.S. listing. WHY IT’S IMPORTANT A pillar of France’s CAC 40 blue chip index, TotalEnergies is one of the world’s largest oil …

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U.S. on Track to Establish Domestic Rare Earths Supply Chain for Defence, Official Says

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PERTH, Australia, May 22 (Reuters) – The United States is on track to establish a domestic rare earths supply chain to meet its defence needs by 2027, a senior defence official said on Wednesday. The U.S has been driving the build out of a global supply chain for rare earths, metals used in magnets for …

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More State Officials Oppose Exxon Directors Over Climate Lawsuit

Energy Topics & Technology, Environment, Exploration & Production, Latest, US News / By

A group of state financial officers and other public and labor leaders called on Tuesday for major asset managers to vote against top Exxon directors, citing the U.S. oil company’s ongoing lawsuit against climate activists. The group including New York City Comptroller Brad Lander and the state treasurers of Connecticut, Nevada and other states called …

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Hess Facing Three Lawsuits Over Disclosures in Chevron Deal

Energy Topics & Technology, Latest, Mergers and Acquisitions, Tri-Pinned, US News / By

 Oil producer Hess on Tuesday said it is currently facing three lawsuits alleging inadequate disclosures over its proposed sale to Chevron. Chevron last October offered to acquire Hess in a move to gain a foothold in oil-rich Guyana’s lucrative offshore fields. However, the deal has been stalled due to a conflict with Exxon Mobil and pending regulatory …

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Global Carbon Emissions Pricing Raised Record $104 Billion in 2023

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Countries raised a record $104 billion last year by charging firms for emitting carbon dioxide, but prices remain too low to drive changes needed to meet Paris climate accord targets, the World Bank said in a report on Tuesday. Several countries are using a price on carbon emissions to help meet their climate goals by …

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