The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

U.S. House panel subpoenas Big Oil in climate deception probe

Tue, 02nd Nov 2021 21:20

By Timothy Gardner

WASHINGTON, Nov 2 (Reuters) - The head of a U.S. House panel
on Tuesday subpoenaed four major oil companies and two lobbying
groups for documents related to their actions on global warming
as part of a year-long probe into potential climate deception by
the energy industry.

Representative Carolyn Maloney, a Democrat and the
chairwoman of the House Committee on Oversight and Reform,
issued subpoenas to Exxon Mobil Corp, Chevron Corp
, BP America and Shell Oil, and to
industry body the American Petroleum Institute (API) and the
U.S. Chamber of Commerce.

The committee had asked the companies and organizations on
Sept. 16 for documents on issues including their role in
contributing to climate change, their marketing and lobbying
efforts, and any funding of third parties to spread
disinformation on climate.

"To date, none of the entities has substantially complied
with the Committee’s requests" Maloney said on Tuesday in a memo
https://oversight.house.gov/sites/democrats.oversight.house.gov/files/2021-11-2%20Fossil%20Fuel%20Subpoena%20Memo%20%28Final%29.pdf
to fellow members of the committee about the subpoenas https://oversight.house.gov/sites/democrats.oversight.house.gov/files/Final%20Fossil%20Fuel%20Subpoenas.pdf.

Maloney had announced last week at the end of a hearing on
Big Oil and climate disinformation that she would subpoena the
companies and organizations, saying much of what the committee
had received were publicly-available documents.

Maloney and other Democrats on the committee say oil
companies have reaped huge profits for decades while they misled
the public on climate change and prevented action to curb it.
The companies and organizations deny the assertions.

The panel has received some documents from former Exxon
lobbyist, Keith McCoy, who was secretly recorded by
environmental group Greenpeace, https://www.reuters.com/business/cop/big-oil-hearing-kick-off-us-probe-into-climate-disinformation-lawmaker-2021-10-27
saying the company's support of a carbon tax was a ruse, since
the company believed the idea would never become law.

Democrats are modeling the probe on the Big Tobacco hearings
of the 1990s which took place over many months and eventually
revealed that companies buried evidence that cigarettes are
addictive and harmful.

In response to the subpoena, Exxon spokesperson Casey Norton
said the company has now provided almost 130,000 pages of
documents "including internal emails".

Shell spokesperson Curtis Smith said Shell will continue to
cooperate with the committee.

J.P. Fielder, a BP America spokesperson said BP is reviewing
the subpoena and will continue working with the committee. BP
has provided more than 17,000 pages of documents including
internal materials.

Matt Letourneau, spokesperson for the U.S. Chamber of
Commerce said "we will review" the subpoena.

API spokesperson Bethany Aronhalt Williams said the group
will work with the committee.

Chevron did not immediately respond to a request for
comment.
(Reporting by Timothy Gardner
Editing by Marguerita Choy)

More News
27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

Read more
21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

Read more
15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, part of an ongoing retreat of long-time producers from the ageing basin.

Read more
7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating the firm was "on a roll".

Read more
31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Read more
31 Jan 2022 07:48

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

Read more
28 Jan 2022 11:25

Shell's renewables boss steps down after less than two years

* Elisabeth Brinton leaves for new role, she says* Shell creates two new renewables leadership roles* Thomas Brostrøm to head renewables generation* Steve Hill to head energy marketingBy Ron BoussoLONDON, Jan 28 (Reuters) - Shell's head of renewable...

Read more
27 Jan 2022 16:14

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
26 Jan 2022 17:02

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

Read more
26 Jan 2022 14:36

China's Sinopec awards fewer cargoes in recent LNG tender

By Chen Aizhu and Marwa RashadSINGAPORE/LONDON, Jan 26 (Reuters) - Unipec, the oil and gas trading arm of China's Sinopec Corp has awarded fewer-than-planned cargoes in a recent tender to sell up to 45 cargoes of liquefied natural gas for 2022 del...

Read more
26 Jan 2022 12:16

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

Read more
26 Jan 2022 09:33

UPDATE 2-Commodity, bank stocks lead FTSE 100 higher; Playtech drops

* Oil and banking shares top gainers* Wizz Air reports Q3 loss, expects improvement in spring* FTSE 100 up 1.3%, FTSE 250 add 1.1% (Updates to market close)By Shashank Nayar and Ambar WarrickJan 26 (Reuters) - London's FTSE 100 rose on Wednesday wit...

Read more
26 Jan 2022 09:12

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

Read more
25 Jan 2022 21:13

UPDATE 1-U.S. awards 13 mln barrel exchange of crude from strategic reserve

(Adds details on sale, background on 50 million barrel SPR plan)WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to ...

Read more
25 Jan 2022 20:10

U.S. awards exchange of 13 mln barrels of crude from strategic reserve

WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to seven companies.The companies are Shell Trading US, 4.2 million ...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.