Oil industry: Shareholders revolt for climate action
07 July 2021 | 10:55 am
Powerful investors are demanding climate action from oil and gas giants for the sake of their bottom lines as well as the planet.
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Shell Petroleum Development Company (SPDC) yesterday announced that it would pay €15 million to farmers in three Niger Delta communities as compensation for damages to their farms from pipeline leaks between 2004 and 2007.
Companies like Klarna and Affirm offer short-term credit for shoppers. What does this mean for retailers and how is it impacting buying habits and buyers' credit in the long run? Regulators are getting more interested.
2022 was a tumultuous year for crypto. One company fell after another, culminating with the spectacular collapse of the FTX cryptocurrency exchange and the arrest of its founder Sam Bankman-Fried, who is now under investigation for fraud.
Uganda on Tuesday commissioned the first of its four planned oil rigs and the start of drilling the first production well, a key milestone as the country races to meet its target of first oil output in 2025 after a long delay.
With the demand for e-cars rising, Europe needs its own battery industry, and the ability to extract its own raw materials used to produce them. We visit one of Europe's largest nickel mines that's working to make the process more sustainable.
More than 13,000 Nigerian residents take Shell to court over oil spills. The claim from 11,317 people and 17 institutions in the Niger Delta area of Ogale was filed last week, according to Leigh Day, the U.K. law firm representing the plaintiffs.
The Big Oil bonanza keeps on coming, as France's TotalEnergies rounds out a week of record profits. Oil and gas giants have faced growing criticism about their environmental impact, as well as calls to pay higher taxes while households and businesses struggle with high energy prices.
The wave of mass layoffs continues to shake tech companies, from global giants to startups. With growing demand from consumers stuck at home and online, the tech sector went on a hiring spree during the pandemic. But since last year, as inflation rose and profits slowed, hundreds of thousands of workers have lost their jobs.
The five largest Western oil firms announced nearly $200 billion in profits after the Ukraine war sent energy prices soaring. As China reopens, oil demand is likely to stay strong, alongside calls for windfall taxes.
A French court has rejected a demand to suspend a controversial oil and gas project largely owned by energy giant TotalEnergies in East Africa. But a lesson could be drawn from the verdict.
Germany has said it wouldn't be buying Russian crude oil this year as it weans itself off its erstwhile biggest energy supplier. But an oil deal with Kazakhstan means Moscow would continue to hold some sway over Berlin.
An explosion on a Nigerian oil pipeline owned by Shell killed at least 12 people on Friday (March 3), authorities at the scene said, while members of the affected community in Emohua said they feared many more had died in the blast.
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