Axios1 month agoEnvironmentOil, gas set to sail past Paris targetsOil and gas sector is set to exceed 2°C global temperature rise None of the top oil and gas companies are Paris compliant [ more ]
Chicago Tribune5 months agoEnvironmentTo save the climate, the oil and gas sector must slash planet-warming operations, report saysThe oil and gas sector needs a rapid and substantial overhaul to combat climate change. Investment in the sector needs to be halved and greenhouse emissions reduced by 60%. Oil and gas companies have a crucial role in transitioning to cleaner energy. [ more ]
www.cbc.ca3 months agoCanada newsOil and gas sector CEO compensation jumps double-digits amid surging profits | CBC NewsCEO pay in the oil and gas sector has increased significantly in 2022, with median compensation ranging from $425,255 to $16.6 million. The increase in executive pay is attributed to the industry's strong position, rebounding energy demand, and record profits in Canada. [ more ]
www.theguardian.com5 months agoCanada newsCanada oil and gas firms to drill 8% more wells next year as emissions target slipsOil and gas producers in Canada plan to drill 8% more wells next year, taking advantage of new shipping options and pipelines. Canada is considering an emissions cap for the oil and gas sector, but the industry argues the proposed caps are too restrictive. Despite ambitious climate commitments, Canada is expected to miss its emissions reduction goals, with no significant reductions since 1990. [ more ]