The combination of falling gas prices and the boomlet of higher-riding crossovers is forcing automakers to stop making certain passenger cars that don’t generate sufficient sales or profits to satisfy Wall Street or American consumers.
McClendon’s death comes a day after he was indicted by federal prosecutors on charges of conspiring, when CEO of Chesapeake Energy CHK +23.19%, to rig bids for oil and gas leases.
The U.S. government will open nearly 45 million acres in the Gulf of Mexico to oil and natural gas development later this month, at a time when low prices are forcing producers to cut back sharply on their exploration budgets.
Ritzy Beverly Hills’s famous oil well, which sits on the grounds of their high school and is bedecked in flowery art, has long been scheduled to stop extracting oil at the end of this year, with cleanup of the site supposed to begin as soon as possible, lasting about three months. But there are a couple kinks in the plan.
Southern California’s air quality board is moving to replace its top executive a month after Republicans gained a majority on the panel with new appointees who have vowed to make pollution regulations less burdensome for businesses.
Regardless of their political party, Iowans strongly support a government program promoting ethanol — reaffirming its popularity in the nation’s No. 1 ethanol-producing state, according to results of the new Des Moines Register/Mediacom Iowa Poll.
Royal Dutch Shell’s environmental record will come under renewed fire on Wednesday in two cases that will test the ability of aggrieved communities in Nigeria to use UK courts to hold the company to account.
