Sentences with phrase «make hydrocarbon reserves»

Webb wrote to Davey a few days later: «[Newspaper] articles reported you backing moves that would encourage investors to think about moving their money out of «risky» fossil fuel assets, suggesting global emissions limits could make hydrocarbon reserves unburnable, therefore stranding assets and rendering them worthless.»

Not exact matches

Releasing a report responding to Ceres — a group made up of institutional investors which has for years been pushing resource companies to disclose their carbon bubble risks — Exxon vice-president of corporate strategic planning William Colton said, «All of ExxonMobil's current hydrocarbon reserves will be needed, along with substantial future industry investments, to address global energy needs.»

A perfect example of this was oil major ExxonMobil's March response to shareholders on managing climate risk, which made clear that the company has no expectation of government regulations that would strand its oil and gas reserves in the ground and would spend millions and even billions to continuing digging, literally, for more hydrocarbon reserves.

This new bargain will include making the most of the hydrocarbon reserves in the Athabasca Basin, while building a bridge from the old - energy economy to the new - energy economy — a combination that could unite as much pan-Canadian support as Sir John A. Macdonald's railway.