Occidental Petroleum Corp.’s shareholders approved a proposal Friday to require the oil and gas exploration company to report on the business impacts of climate change, marking the first time such a proposal has passed over the board’s objections.
The joint venture was known as Motiva Enterprises and the division of ownership and therefore control seemed to breed conflict between the oil titans from the start.
Oil and gas company executives believe that they’re doing right by the world. Most people disagree.
Researchers in Belgium claim to have created a device capable of converting dirty air into clean energy. The system is powered by sunlight and produces hydrogen gas that can be stored and used as fuel.
If humanity has any hope of stopping the civilization-threatening climate change crisis, gas-powered cars have to go. But how are people supposed to get around without them?
Saudi Arabia and Russia, the world’s top two oil producers, agreed on Monday on the need to extend output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices.
Hyundai’s luxury brand Genesis unveiled a hydrogen-powered concept at the New York Auto Show in April — and it shows the direction other automakers in the space should be taking.
Santa Barbara is dripping with oil. Walk along the beaches of this Southern California city and chances are, tar will stick to your feet from the natural seeps.
Carmakers readying a salvo of electric cars will be stung by ramp-up costs until about 2025, amid an industry-wide push to make the vehicles more appealing to the mass market, according to automotive supplier Continental AG.
Dumping oil in the sea is prohibited as per the environmental act, but many of the shipbreaking yards in Sitakunda upazila of Chittagong do not follow the rule while dismantling ships.
