With a fuel duty rise due this summer and the possibility of strikes by fuel tanker drivers, it will be interesting to measure
the impact on the oil companies and whether BP and Shell can ensure that any blame attached is shared around equally, rather than disproportionately focused on them.
Not exact matches
Gary Kelly, Southwest Airlines chairman, president & CEO, breaks down his
company's quarterly results and the
impact of lower
oil prices
on jet fuel costs.
Exxon has argued against all the other shareholder proposals as well, including a «policy to explicitly prohibit discrimination based
on sexual orientation and gender identity»; a policy articulating Exxon's «respect for and commitment to the human right to water»; «a report discussing possible long term risks to the
company's finances and operations posed by the environmental, social and economic challenges associated with the
oil sands»; a report of «known and potential environmental
impacts» and «policy options» to address the
impacts of the
company's «fracturing operations»; a report of recommendations
on how Exxon can become an «environmentally sustainable energy
company»; and adoption of «quantitative goals... for reducing total greenhouse gas emissions.»
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the
Company's control, including natural and other disasters or climate change affecting the operations of the
Company or its customers and suppliers; (2) the
Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including
oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the
impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the
Company's information technology infrastructure; (10) financial market risks that may affect the
Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the
Company's Annual Report
on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports
on Form 10 - Q (the «Reports»).
Rosenstein says that the
company's average
oil and gas production over three years has a significant
impact on management's long - term incentive pay, which makes up the largest part of its compensation.
Depressed earnings at
oil companies should benefit from a rebound in crude
oil prices, while slightly higher interest rates can have a positive
impact on bank earnings.
While we think
oil prices are approaching their bottom, we are beginning to see the dramatic
impact depressed
oil prices have
on energy
company behavior.
This will have a catastrophic effect
on the
oil industry through price collapse (an equilibrium cost of $ 25.4 per barrel), disproportionately
impacting different
companies, countries,
oil fields and infrastructure depending
on their exposure to high - cost
oil.
Researchers analyzed the finances of a major palm
oil company to determine the
impacts of conserving land
on biodiversity and profits.
The carbon entity data allows for the differentiation between carbon emissions, produced and marketed by each of the 90 major multi-national and state - owned coal,
oil and gas
companies (and their predecessors), and the total human attribution
on climate change
impacts.
Some high yield bond funds are reeling with the
impact of the price of
oil on energy related
companies with debt.
Rapidly decreasing
oil prices have had a negative
impact on the forecast operating cash flows of energy
companies.
The plays off of the pipeline construction are improved probability by the Canadian
oil sands producers, a slight positive
impact on Gulf Coast margins, and the construction and E&C
companies involved.
«Small increases in the price of
oil and natural gas will have a very strong
impact on the margin profile
on energy
companies, because their costs are still declining,» Marks said.
This
oil they want to drill for represents at most 2 years of America's
oil needs, will go
on the international
oil market when and if it is finally extracted, and so only benefit
oil companies, and, as these environmental
impact statements clearly state, has a 50 - 50 chance of causing spills harmful to the environment.
The American Petroleum Institute together with the nation's largest
oil companies ran a task force to monitor and share climate research between 1979 and 1983, indicating that the
oil industry, not just Exxon alone, was aware of its possible
impact on the world's climate far earlier than previously known.
Protesters fear environmental damage, especially from possible
oil spills; are frustrated with
oil companies» grip
on US politics; and condemn the
impacts of tar sands exploitation
on the boreal forest and First Nations in Canada.
«There is an incoherence at best between
oil companies on the one hand positioning themselves as being
on the side of the world's developing countries and while
on the other actively pursuing strategies which will entail catastrophic climate change which we already know is having a significant
impact on the global south,» she said.
California cities San Francisco and Oakland filed separate lawsuits against five
oil companies on Wednesday seeking billions of dollars to protect against rising sea levels they blamed
on climate change... Marin and San Mateo counties and Imperial Beach, California, in July brought similar public nuisance and failure to warn lawsuits alleging climate change
impacts.
The world's largest
oil companies are increasingly faced with public pressure to do something about their
impact on climate change.
With a decision that could have far - reaching implications, a federal judge in California has ordered the first ever U.S. court hearing
on climate science for a «public nuisance» lawsuit, meaning that major
oil and gas
companies for the first time may have to go
on the record regarding what they knew about the planetary
impacts of their products — and when.
The memo — sent by the American Petroleum Institute and obtained by Greenpeace, which sent it to reporters — urges
oil companies to recruit their employees for events that will «put a human face
on the
impacts of unsound energy policy,» and will urge senators to «avoid the mistakes embodied in the House climate bill.»
The carbon entity data allows for the differentiation between carbon emissions, produced and marketed by each of the 90 major multi-national and state - owned coal,
oil and gas
companies (and their predecessors), and the total human attribution
on climate change
impacts.
Oil prices will continue to drop, fossil fuels will continue to supply more than three - quarters of world energy use in 2040, and natural gas is expected to grow the fastest
impacting on economies,
companies, communities, and individuals.
The proposed ALEC model «Environmental
Impact Litigation Act,» based
on a law passed in North Dakota in 2015, would allow coal,
oil, and gas
companies to pay into a fund for the state to sue against a number of key federal environmental laws, including the Clean Air Act.
In the face of this political pressure, Speaker Nancy Pelosi and the other Democrats in the House crafted an energy bill that gave the Republicans the vote they demanded
on drilling, but that also limited the
impacts of OCS drilling
on coastal tourism, renewed the renewable energy tax credit, and that stripped away many
oil company subsidies.
We are organizing to hold
oil companies and their corporate consumers accountable for their
impact on our lives.»
$ 906 billion annual turnover is a risk for publicly listed
companies as a result of deforestation and the
impact on products (timber, palm
oil, soy and cattle)
When students at UCL in London escalate actions
on campus highlighting the conflict between the university's research and its investments, and exposing the close connections of university council members to fossil fuel
companies; when pressure from scientists, climate activists and museum employees force
oil mogul David Koch to step down from the board of New York's American Museum of Natural History; when the City of Cape Town comes under pressure to divest from the
companies at the root of the city's water crisis; when Nobel Prize winners urge the prestigious Nobel Foundation to cut their financial ties to fossil fuel
companies, we have exactly the kind of
impact we aim for with the Fossil Free campaign.
Robert's commercial disputes experience has focused
on the energy sector and includes representing a multinational energy
company in a $ 150 million ICC arbitration concerning the
impact of government - imposed price renegotiation in the coal industry; representing an
oil & gas major in a dispute under a long term gas supply agreement in relation to an off - shore West African field; defending a Russian energy infrastructure
company in LCIA arbitration proceedings; and advising an
oil major
on potential claims under a bi-lateral investment treaty related to corruption charges and maltreatment of
company officers.
prepare detailed reports, such as environmental
impact assessments, for agencies, commercial organisations, governmental bodies such as the Department for Environment, Food and Rural Affairs (DEFRA), or
oil companies drilling
on the seabed
Climate - related litigation is a reality, particularly in the United States where action has been taken against private
companies, administrative decisions and government agencies... In relation to the
impacts on Indigenous peoples, in February 2008 the Alaskan native village of Kivalina filed a lawsuit against a number of
oil, coal and power
companies for their contribution to global warming and the
impacts on homes and country disappearing into the Chukchi Sea.
Alberta continues to grapple with the
impact of low
oil prices
on the economy, with Calgary particularly
impacted due to the high concentration of energy
companies occupying spaces in the downtown market, says JLL.