A tiny hedge fund won a seismic victory over Exxon Mobil Corp on Wednesday as shareholders elected two of the fund's nominated directors to the oil giant's board after a months-long battle over the company's business strategy and growth plans.
A tiny hedge fund won a seismic victory over Exxon Mobil Corp on Wednesday as shareholders elected at least two of the fund's nominated directors to the oil giant's board after a months-long battle over the company's business strategy and growth plans.
The maritime shipping industry will fall short of achieving net zero greenhouse gas emissions (NZE) by 2050, the International Energy Agency (IEA) said in a report.
By Reuters Staff
1 Min Read
TORONTO, May 18 (Reuters) - Canada’s Centerra Gold is taking all measures possible to protect shareholder rights and is seeing good support from the Canadian and UK governments, Chief Executive Scott Perry said on Tuesday, a day after Kyrgyzstan seized control of the company’s Kumtor gold mine.
Kyrgyzstan’s parliament voted Monday to take over the gold mine, the country’s largest, after Centerra said it would take the government to an international court.
Reporting by Jeff Lewis Editing by Chizu Nomiyama
3 Min Read
LONDON (Reuters) - A group of mostly Green Party lawmakers from the European Parliament on Wednesday urged the leaders of Germany, France and Italy not to support a Russian Arctic liquefied natural gas (LNG) project due to climate change concerns.
The $21 billion project, led by Russian gas producer Novatek and with international backers including French oil major Total, is expected to launch in 2023 and reach full LNG production capacity of almost 20 million tonnes a year in 2026.
The lawmakers’ call comes a day after the International Energy Agency said to cap global warming in line with the goals of the Paris Agreement on climate change, all investments in new fossil fuel projects must cease.