A fumbled layoff hurt morale at Exxon, and it could hinder the oil giant s recovery Benji Jones
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It s Friday before a long weekend. What joy.
Last month I had the pleasure of interviewing Bill Gates about his climate and energy work, and the role of tech in slowing global warming. Stay tuned for our coverage over the weekend.
Inside Exxon Mobil s God Pod
Benji JonesJan 29, 2021, 23:23 IST
President Joe Biden signs an executive orderKevin Lamarque/Reuters
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I really thought climate and energy would enjoy an enduring spotlight this week. Enter, GameStop, a company I haven t thought about since I tried to like video games as a kid. (You can read our coverage of the rapidly snowballing story here.)
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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. President Joe Biden signs an executive order Kevin Lamarque/Reuters
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And then there was Wednesday. Shortly after his inauguration, Biden issued a burst of energy-related orders.
What they do: Biden rejoined the Paris Agreement, which, of course, dominated headlines. But an executive order had much farther-reaching implications for the energy industry.
The order includes a moratorium on the Arctic National Wildlife Refuge s oil leasing program and revokes a key permit for the embattled Keystone XL pipeline.
Also on Wednesday: The Interior Department placed a temporary ban on oil and gas leasing on federal lands.
Is it a big deal? Yes and no. Federal lands and waters make up about a quarter of US oil output, according to Reuters, but companies stockpiled permits before Biden took office, in anticipation of this exact situation.