Exxon Mobil says it will appoint two new directors with energy industry and climate experience within the next 12 months, a pledge made days before a shareholder contest over the oil company's climate stance and board makeup.
A deep freeze across Texas over the weekend took a toll on the energy industry in the largest U.S. crude-producing state, shutting oil refineries and forcing restrictions from natural gas pipeline operators.
Environmentalists and labor unions that threw their support behind U.S. President Joseph Biden now find themselves on the opposite sides of a battle over the construction of big pipeline projects between Canada and the United States.
Exxon Mobil Corp, under increasing pressure from investors and climate change activists, reported for the first time the emissions that result when customers use its products such as gasoline and jet fuel.
President-elect Joe Biden's promise to end U.S. fossil fuel subsidies worth billions of dollars a year for drillers and miners could be hard to keep due to resistance from lawmakers in a narrowly divided Congress, including from within his own party.
President Vladimir Putin said on Tuesday Russia wanted to retain its "superiority" in the Arctic and that it planned to renew its icebreaker fleet to bolster its presence there.
The U.S. Supreme Court has agreed to hear an appeal by energy companies including BP PLC, Chevron Corp, Exxon Mobil Corp and Royal Dutch Shell PLC contesting a lawsuit by the city of Baltimore seeking damages for the impact of global climate change.
