Business COVID 19

The era of peak oil has already arrived for this energy giant

Royal Dutch Shell Plc said its carbon emissions and oil production have peaked and will decline in the coming years as the company laid out a detailed plan for its transition to cleaner energy. In a sign of how much the petroleum industry has shifted away from its mantra of growth and exploration, Shell said […]

Business COVID 19

Exxon and Chevron CEOs reportedly discussed a mega merger last year

The chief executive officers of Exxon Mobil Corp. and Chevron Corp. spoke last year about combining the two largest U.S. oil companies, Dow Jones reported, citing people familiar with the talks. Chevron’s Mike Wirth and Exxon’s Darren Woods spoke as the Covid-19 outbreak hurt oil and gas demand, adding financial strain to both companies, Dow […]

Business

Why investors Enjoy socially responsible Firms

Once the COVID pandemic appeared as a worldwide meltdown in February and March, several investors stampeded for the exits and offered their stocks off. However one team kept purchasing: Investors from funds which focus on ESG investment , that select companies according to their own documents about the environment, social responsibility, and corporate governance.  The […]

Business

In pursuit of’Web zero,’ Spain’s Iberdrola Stakes big on America

Our assignment that will assist you browse the new standard is fueled by readers. To enjoy unlimited access to our own journalism, subscribe now . The price reflects the rising might of a bunch of fast-moving, low-carbon utilities firms –progressively coming from overseas –from the race to decarbonize America’s electricity industry. The bargain folds PNM Resources–that […]

Business

‘Risky and Harmful’: Energy Business body IEA Seems the Alert on Petroleum demand and Also uses the P-word

Oil demand is anticipated to have a years-long reach from COVID-19–along with also oil-dependent export countries must fundamentally alter their markets to fulfill that fact. He cautioned that petroleum demand, as a result of COVID, will probably be feeble in the next few years. But {} the pandemic (ideally ) fades off, the economy prospects […]