The oil price implosion and strategies for survival have replaced climate change and diversity as the top issues for energy industry boards, but employee health and safety, executive succession and compensation, and industry perceptions are ESG issues that will need attention, legal experts say.
A recent survey revealed the energy transition will likely be immune to COVID-19 as 92% of oil and gas executives reported already having or developing a strategy to reduce reliance on fossil fuels.
Chevron shareholders on May 27 voted to approve a proposal demanding that the company issue a report on its climate change related lobbying activities.
Under CEO Darren Woods, Exxon Mobil blocked six climate resolutions from this year's ballot, encouraging activists to seek the split.
The order was the latest legal blow to U.S. President Donald Trump's effort to increase oil and gas production on federal lands by rolling back environmental regulation.
The letter addresses concerns that the COVID-19 crisis may push oil and gas companies and governments around the world to delay action on climate change.
Tech giant says it will honor contracts, but pulls away from energy partnerships following the release of a Greenpeace report.
State agency says construction of NESE would violate water quality standards.
Shareholder activists have this year taken up a call to split the CEO and chairman roles at Exxon Mobil, expecting a better reception for climate-change proposals from an outsider.
PHMSA says the state’s limits on vapor pressure won’t reduce the chance of explosions.