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Tag: oil
ExxonMobil CEO: ending oil production 'not acceptable for humanity'
2016-05-25 21:25:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Rex Tillerson, the boss of oil giant ExxonMobil, said cutting oil production was not acceptable for humanity as he fought off shareholders and activists attempts to force the company to fully acknowledge the impact of climate change on the environment and Exxons future profits. During a long and fractious annual meeting in Dallas on Wednesday, Tillerson, who serves as Exxons chairman and chief executive, beat back several proposals to force the company to take more action on climate change....
Tags: production
oil
ending
ceo
Oil sands found to be a leading source of air pollution in North America
2016-05-25 20:09:00| Climate Ark Climate Change & Global Warming Newsfeed
Globe and Mail: A cloud of noxious particles brewing in the air above the Alberta oil sands is one of the most prolific sources of air pollution in North America, often exceeding the total emissions from Canada's largest city, federal scientists have discovered. The finding marks the first time researchers have quantified the role of oil-sands operations in generating secondary organic aerosols, a poorly understood class of pollutants that have been linked to a range of adverse health effects. The aerosols...
Oil prices rise towards $50 a barrel due to shrinking supply
2016-05-25 01:00:00| Offshore Technology
Oil prices have increased to almost $50 a barrel, based on expectations that a global decrease in oil will reduce amounts of unwanted crude.
US leads globe in oil production for third year
2016-05-24 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Central: The U.S. led the world last year in producing both oil and gas, federal government estimates published Monday show, even as the country committed to cutting greenhouse gas emissions. The U.S. was the globe's leading producer of crude oil for the third year in a row in 2015. Government estimates show that crude oil production has continued to grow across the country, from nearly 8 million barrels of oil per day in 2008 to about 15 million in 2015. The U.S. produced about 14 million barrels per...
Tags: year
third
production
oil
Total rules out Arctic oil drilling, citing 2C goal
2016-05-24 14:18:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Home: French oil major to cut back on expensive tar sands development and avoid the Arctic, raising the bar for industry action on climate change Shell's ill-fated Polar Pioneer rig was destined for the Arctic Total is slashing expensive oil ventures in line with international efforts to hold global warming below 2C. The French oil major is reducing its exposure to tar sands and avoiding the Arctic ice pack. When deciding where to drill, it assumes a carbon price of US$30-40 a tonne. That...
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