ExxonMobil Shareholders to Company: We Want a Different Approach to Climate Change
Two new corporate directors, voted in by a majority at the oil giant’s annual meeting, are expected to help push the company to take stronger action.
May 26, 2021
Vehicles refuel at an Exxon Mobil Corp. gas station in Houston, Texas, on Oct. 28, 2020. Credit: Callaghan O Hare/Bloomberg via Getty Images
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ExxonMobil has spent the last six months locked in a battle for its future, ever since a small investment firm launched a long-shot bid to reshape the company’s board of directors and steer the oil giant on a more climate-friendly path.
North Dakota, Using Taxpayer Funds, Bailed Out Oil and Gas Companies by Plugging Abandoned Wells
The bailout, environmentalists say, raises bigger questions about who will pay, in an energy transition, to close off the nation’s millions of aging wells.
May 23, 2021
An abandoned oil well sits on a farm in Western North Dakota, with contamination spreading into the field beyond it. Credit: Daryl Peterson
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When North Dakota directed more than $66 million in federal pandemic relief funds to clean up old oil and gas wells last year, it seemed like the type of program everyone could get behind. The money would plug hundreds of abandoned wells and restore the often-polluted land surrounding them, and in the process would employ oilfield workers who had been furloughed after prices crashed.
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The Financial Post has five finalists in the seventh annual Best in Business awards, which recognize excellence in business reporting and are handed out annually by the Canadian chapter of the Society of American Business Editors and Writers (SABEW).
Nine Post journalists are recognized for their work during 2020 in five categories ranging from newsletters to podcasting to investigative reporting.
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“In a challenging pandemic year, the Financial Post’s journalists and editors produced outstanding work across the board,” Financial Post managing editor Joe Hood said. “These awards are a testament to the range, dedication and talent of the FP team.”