The market is focused on making money now and isn’t heeding urgent warnings about climate change, our columnist says.
Tag: Hess Corporation
-
Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
-
Chevron to Acquire Hess for $53 Billion in Latest Major Oil Deal
The acquisition marks further consolidation of the oil industry and highlights the confidence that energy companies have in the future of fossil fuels.
-
Global Oil Prices Dip Below $100 as Recession Fears Spread
Oil prices have been slipping over the last two weeks, but the drop has accelerated in recent days.