Exxon Mobil Corp. , Chevron Corp. , ConocoPhillips and Royal Dutch Shell Plc plan to build and deploy a $1 billion rapid-response system to capture and contain oil in the event of a future underwater well blowout.
BP Plc may saddle potential buyers of its assets with lawsuits as Europe’s second-biggest oil company tries to raise money to pay claims that may reach $100 billion from the Gulf of Mexico spill, lawyers said.
Bloomberg BNA — A group of nongovernmental organizations is warning executives of major greenhouse gas emitting companies that they could face personal liability if they are found to have been involved in funding climate denial or opposing policies to fight climate change.
With Exxon Mobil Corp. poised to lose its lead as the largest publicly traded oil producer by output, acquiring Anadarko Petroleum Corp. or EOG Resources Inc. would accelerate growth and help the company regain its lead.
New York’s highest court was asked by Bank of America Corp. , UBS AG and other institutions to reinstate their lawsuit claiming that bond insurer MBIA Inc.’s 2009 restructuring was intended to defraud policyholders.