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Ovintiv faces proxy challenge from investment firm Kimmeridge theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Article content Kimmeridge Energy Management Co on Tuesday launched a proxy fight against Ovintiv Inc to win three seats on the oil producer’s board. The private investment firm urged Ovintiv to alter its capital spending, focus on governance and said that the board had allowed Ovintiv to become an environmental laggard, trailing peers on key environmental metrics. We apologize, but this video has failed to load. Try refreshing your browser, or Kimmeridge launches proxy fight for seats on Ovintiv board Back to video Kimmeridge owns 2.5% of Ovintiv’s common shares and is one of the oil driller’s top ten shareholders. ....
North America LNG export growth ambitions face test over emissions North American LNG export developers may have a smaller field of potential buyers in 2021 as European utilities appear hesitant to sign new long-term commitments for shale gas amid the bloc’s carbon emission reduction goals. That wrinkle could shorten the list of projects that advance, raising the possibility of a supply shortage around the middle of the decade. The 17 liquefaction trains across five terminals in the US, Canada and Mexico that S&P Global Platts Analytics forecasts to be online in the next five years have all been sanctioned. The forecast does not include any of the more than 16 other projects that are under active development, some of which are still proposing to start up their first trains within that time frame despite having not yet begun construction. ....
Biden no barrier to LNG growth petroleum-economist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from petroleum-economist.com Daily Mail and Mail on Sunday newspapers.