The Obama administration’s announcement yesterday that it was delaying a ruling on the Keystone XL oil pipeline drew an angry reaction from supporters of the $5.4 billion project, including some who said it was designed to push the issue beyond the November election.
Exxon Mobil Corp., a lightning rod for environmental activists since the Valdez oil spill a quarter-century ago, is appeasing some of its harshest critics by agreeing to disclose internal risk and cost assessments.
Bloomberg BNA — Exxon Mobil Corp. has agreed to publish a report describing its plans for a future in which market forces and stricter climate regulation may leave some of its carbon reserves unburnable.
Environmentalists fighting the Keystone XL pipeline are rallying to block a Maryland natural gas export terminal as momentum builds to use the U.S. fuel as a weapon against Russia’s intervention in Ukraine.
A Canadian company may have found a way to ship more oil across the U.S. border without becoming enmeshed in the red tape that’s tied up the proposed Keystone XL pipeline -- by relying on a permit it got four decades ago.