Pollution

New law to force French car adverts to include green travel message

A new law will force car advertisements in France to carry messages that encourage more eco-friendly forms of transport such as cycling and public transport. Many products in France are required to carry warnings: “Smoking kills”; “Avoid eating too much fat”; “Abuse of Alcohol is dangerous for your health”. From March 2022, a new law will

Exxon’s Plan for Surging Carbon Emissions Revealed in Leaked Documents

Internal projections from one of world’s largest oil producers show an increase in its enormous contribution to global warming Exxon Mobil Corp. had plans to increase annual carbon-dioxide emissions by as much as the output of the entire nation of Greece, an analysis of internal documents reviewed by Bloomberg shows, setting one of the largest

Could Exxon Be … Running Out Of Cash?!

Could Exxon be running out of cash? This question stems from an article by Yahoo! Finance that reported on ExxonMobil Corp facing a $48 billion shortfall through next year, which are Reuters and Wall Street estimates. This number was calculated by using cash from operations, commitments to shareholder payouts, and costs for Exxon’s planned massive

BP cuts 10,000 jobs as COVID-19 downturn pinches

UK oil and gas major BP has announced it will cut 10,000 jobs in a response to COVID-19 and the subsequent economic downturn. The company is reducing expenditure across the business, with additional measures such as senior staff not receiving a pay rise this year and cash bonuses under question. In February, BP’s new

Coronavirus crisis could cause $25tn fossil fuel industry collapse

Value of reserves could fall by two-thirds as Covid-19 hastens peak in demand, study shows The coronavirus outbreak could trigger a $25tn (£20tn) collapse in the fossil fuel industry by accelerating a terminal decline for the world’s most polluting companies. A study has found that the value of the world’s fossil fuel reserves could

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