Trustees for New York City’s two largest pension funds have approved a plan to divest from some upstream natural gas, oil and coal companies by 2025. Led by Comptroller Brad Lander, trustees are ready to implement plans to achieve net-zero emissions by 2040 in the New York City Employees’ Retirement System (NYCERS) and the Teachers’…
Divest
Articles from Divest
New York City Looks to Excise Oil Heavyweights From Pension Plans
New York City wants to shut the door on investor-owned fossil fuel funds within five years and is seeking damages from BP plc, Chevron Corp., ConocoPhillips, ExxonMobil Corp. and Royal Dutch Shell plc to protect the city from what it claims are the effects of climate change.
Halcon: ‘Progress On All Fronts,’ But Earnings Miss
Halcon Resources Corp. is still figuring out the Utica/Point Pleasant play while it is making progress on well completions in the Bakken/Three Forks and adding acreage to its recently announced East Texas Eagle Ford play, CEO Floyd Wilson said Thursday.
SM Energy Inks $225M Eagle Ford Asset Sale
SM Energy Co. said it has agreed with undisclosed buyers to divest a portion of its Eagle Ford Shale position.
Concho Completes Marbob Deal, Seeks Permian Asset Divestiture
Concho Resources Inc. said Thursday it is looking to divest “certain Permian Basin properties” because they are mostly not in the company’s core areas of operation and because they have a higher per-unit cost than Concho’s existing portfolio of assets.
Marbob Deal Complete, Concho Seeks Permian Asset Sale
Concho Resources Inc. said late last week it is looking to divest “certain Permian Basin properties” because they are mostly not in the company’s core areas of operation and because they have a higher per-unit cost than Concho’s existing portfolio of assets.
Suncor Seeking Gas Asset Buyers
Calgary-based Suncor Energy Inc. wants to sell about one-third of its North American-weighted natural gas properties, part of a plan to divest up to C$4 billion of oil and gas assets in 2010.
Suncor Shops Third of North American Gas Assets
Calgary-based Suncor Energy Inc. wants to sell about one-third of its North American-weighted natural gas properties, part of a plan to divest up to C$4 billion of oil and gas assets in 2010.
Constellation to Sell Downstream Gas Trading Operations
With its acquisition by Berkshire Hathaway’s MidAmerican Energy Holdings working its way through the regulatory process and plans to divest itself of its upstream gas assets and international coal and freight businesses already announced, Constellation Energy said Thursday it also intends to sell its Houston-based downstream gas trading operations.
Constellation to Sell Downstream Gas Trading Operations
With its acquisition by Berkshire Hathaway’s MidAmerican Energy Holdings working its way through the regulatory process and plans to divest itself of its upstream gas assets and international coal and freight businesses already announced, Constellation Energy said Thursday it also intends to sell its Houston-based downstream gas trading operations.