Paris

BP plc and shareholder Follow This have agreed to work together toward offering a resolution at the 2021 annual meeting to support more investments beyond oil and natural gas that would move the supermajor toward its net zero emissions goals.

BP plc and shareholder Follow This have agreed to work together toward offering a resolution at the 2021 annual meeting to support more investments beyond oil and natural gas that would move the supermajor toward its net zero emissions goals.

As world leaders gather in Poland this week to address climate change, the International Energy Agency (IEA) said the world’s advanced economies are on track to increase carbon dioxide (CO2) emissions this year, breaking a five-year run of declines, driven in part by higher oil and gas consumption.

States, mayors, conservation groups and billionaire Michael Bloomberg on Thursday wasted no time in announcing they would continue pouring energy and money toward combating climate change following President Trump’s decision to pull out of the voluntary Paris climate change accord signed at the end of 2015.

ExxonMobil Corp. is urging the Trump administration to not pull out of the landmark climate change agreement cobbled together in late 2015 by more than 200 countries.

After two weeks of negotiations in Paris, representatives of nearly 200 nations, including the United States, India and China, entered into an agreement to reduce global carbon emissions.

Baker Hughes Inc. and Halliburton Co. said last week they have received civil investigation demands (CID) from the Department of Justice (DOJ) to provide documents and information on their pressure pumping businesses.

Baker Hughes Inc. and Halliburton Co. said they have received civil investigation demands (CID) from the Department of Justice (DOJ) to provide documents and information on their pressure pumping businesses.

While its investments with Chesapeake Energy Corp. in Barnett and Utica shale gas and oil plays have been widely publicized, Paris-based Total SA also is quietly investing in a major research and development (R&D) project looking at in-ground ways to develop oil shale, an unrealized dream of energy independence that the industry and some policymakers have flirted with for decades.