Early on Monday, according to a report from The Times, BP Plc is preparing to bid for the rights to build wind farms off Scotland. In an interview, BP’s CEO Bernard Looney stated, the company “was looking at bidding in the… Read More ›
BP Plc
Oil major Exxon Mobil keeps Q4 dividend unchanged, a first since 1982
In a development that marks and underscores the massive impact the coronavirus is having on the oil industry, Exxon Mobil Corp stated, it will keep its fourth-quarter dividend flat at 87 cents a share. This is the first time since 1982… Read More ›
Climate change poses a systemic risk to financial markets: U.S. Commodity Futures Trading Commission
In a significant development, a landmark report commissioned by the U.S. Commodity Futures Trading Commission, clearly states that climate change poses a “slow motion” systemic threat to the stability of the U.S. financial system, requiring urgent action from financial regulators,… Read More ›
Exxon Mobil Corp’s position on climate change is “shortsighted”: investors
Two group of investors, who have a combined total of $1.9 trillion assets under management are pushing Exxon Mobil Corp to address significant climate risk concerns. According to two groups of investors, Exxon Mobil Corp is attempting to block an… Read More ›
New York sues Exxon Mobil Corp for misleading investors on the risks posed by climate change
Cities across the U.S. as well as countries are suing oil companies for misleading investors for years on the risks posed by climate change on their businesses. The state of New York has sued Exxon Mobil Corp alleging that it… Read More ›
Microsoft, Intel, JPMorgan Chase and others join race to tap blockchain technology
The development underscores the latest push by large companies to move towards a distributed ledger systems. Two dozen companies which includes Microsoft, Intel Corp and JPMorgan Chase & Co have come together to create standards and technology which enterprises can… Read More ›
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