Exxon Mobil's U.S. oil refineries pump out far more lung-damaging soot than similarly-sized facilities operated by rivals, according to regulatory documents and a Reuters analysis of pollution test results.
The U.S. Supreme Court on Monday ruled in favor of BP PLC (BP.L), Chevron Corp (CVX.N), Exxon Mobil Corp(XOM.N), Royal Dutch Shell PLC (RDSa.L) and other energy companies contesting a lawsuit filed by the city of Baltimore seeking monetary damages from them due to costs caused by global climate change.
Chevron Corp (CVX.N) said it backed the decision to suspend payments to shareholders in a Myanmar gas pipeline in which it holds a minority stake, as announced by operating company Total (TOTF.PA).
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The Royal Dutch Shell logo is seen at a Shell petrol station in London, January 31, 2008. REUTERS/Toby Melville/File Photo
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Rating agency Moody s said on Friday that the credit risk of major oil producers has increased with recent events including Royal Dutch Shell (RDSa.L) losing a Dutch climate lawsuit this week and Exxon (XOM.N) losing a battle with shareholders.
Chevron also lost a vote to shareholders demanding it cut emissions further. read more These actions represent a substantial shift in the landscape for oil companies, which had previously prevailed in courts, and largely fend off significant shareholder votes, on climate related matters, Moody s said.
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A board with the logo of Gazprom Neft oil company is on display at a fuel station in Moscow, Russia, May 30, 2016. REUTERS/Maxim Zmeyev
Russia s first ship designed to run on liquefied natural gas (LNG) and fuel other vessels with LNG has completed its sea trials, energy firm Gazprom Neft (SIBN.MM) reported on Friday.
The Dmitry Mendeleev is expected to enter Gazprom Neft s fleet in the second half of this year, the company said. The next stage will be the testing of systems for loading, storing and discharging of LNG, it said.
The Dmitry Mendeleev is an Arc4 ice-class vessel which will able to transport up to 5,800 cubic metres of LNG. It will operate in ports on the Gulf of Finland and the Baltic Sea, including St. Petersburg, Ust-Luga and Primorsk.