Memorial fund created for Officer Ty Lenehan
Memorial fund created for Officer Ty Lenehan
Memorial fund created for Officer Ty Lenehan
Saudi Aramco CEO Amin Nasser told attendees at CERAWeek by S&P Global, a global energy conference, that global leaders should "abandon the fantasy of phasing out oil and gas." When asked about those comments, ExxonMobil Chairman and CEO Darren Woods (XOM) tells Yahoo Finance's Julie Hyman that things like wind and solar power and the rise of EVs are a "necessary but not sufficient set of solutions" to the energy transition. Instead, Woods proposes a "broader" set of solutions is needed, including things like carbon capture and storage, hydrogen, and biofuels. Woods credits the Inflation Reduction Act (IRA) for opening "the aperture on other opportunities to reduce emissions above and beyond what wind and solar can do." When it comes to the IRA, Woods calls it "technology agnostic." The legislation "says what you should focus on is achieving an outcome which is lower carbon intensity for a product," Woods says, and as a result, the door is opened to other businesses to help achieve that goal, something Exxon is a "fan" of. The legislation has come under fire from Republicans, with Trump campaign officials telling the Financial Times that the former president would "gut" the IRA if he were reelected to the White House. If that were to happen, Woods says Exxon would be "responsive" to changes made by a new administration, but that "ultimately the world needs to decarbonize. We need to do more to reduce emissions. And I think the IRA is a good step towards that in terms of being technology agnostic, focus on reducing the emissions and lowering the carbon intensity of society. And I think that's the right approach." One of the big issues facing ExxonMobil right now is Chevron's (CVX) $53 billion deal to buy Hess (HES). Exxon, Hess, and China National Offshore Oil Corporation all have a stake in the Stabroek Block in Guyana. Exxon claims it has a right of first refusal when it comes to Hess's Guyana stake and has filed for arbitration with the International Chamber of Commerce. Woods says there are three reasons why the arbitration is important: to confirm and preserve their preemption rights, learn how Chevron values the assets in the Hess deal, and to "understand the value of that preemption right and what's in the best interest of the corporation and for our shareholders." Editor's note: This article was written by Stephanie Mikulich. Key video moments 00:00:25 Woods on reframing the energy transition 00:02:15 Woods discusses what works in the Inflation Reduction Act 00:04:39 How to balance the need for fossil fuels with the need to reduce emissions 00:06:28 Woods talks plans to be net zero in the Permian Basin by 2030, carbon capture technology 00:08:30 Woods on Chevron-Hess deal and Guyana
This Saturday, March 23, show your support for environmental issues by switching the lights off
Tunisia and Libya have closed a major border crossing at Ras Jdir due to armed clashes, Tunisian state TV and Libyan authorities said. Libya's interior ministry said in a statement on Tuesday that "outlaws" had attacked the border, which sees a large flow of Libyans often going to Tunisia for medical treatment and trucks with goods coming in the opposite direction. Libya has had little peace since a 2011 uprising and is split between eastern and western factions, with rival administrations governing each area.
Beyoncé’s new album, Cowboy Carter, is about to convert a lot of her fans to country music. Get ahead of the pack with our pick of the songs and artists that have defined the genre
3/5 The show is fun, but it ultimately falls short of the greats it strives to emulate
The Swiss economy will grow at a tepid rate in 2024, the government said on Tuesday, maintaining its earlier forecast for 1.1% growth this year albeit with a lower outlook for inflation. The government in December said that it expected the economy to grow by 1.1% this year, when adjusted for sporting events, slower than the long-term average of 1.8%. Next year the Swiss economy will expand by 1.7%, the State Secretariat for Economic Affairs (SECO) said, also the same level as the December forecast.
4/5 The small show follows two women who patronised the most fashionable stores and dressmakers in London at the turn of the 20th century
The number of people affected by violence in South Sudan surged by 35% in the last three months of 2023, the United Nations reported. The U.N. Mission in South Sudan, or UNMISS, documented 233 incidents of violence affecting 862 people. Of that, 406 were killed, 293 were injured, 100 were abducted and 63 subjected to conflict-related sexual violence, it said in a report released Monday.
You might need to take a look in the toilet and get yourself to a doctor.
This research-backed tool can be a game-changer for productivity — and you might already be doing it.
Rail experts share their top tips for making train journeys as smooth as possible.
During Koch-funded trips to mountain resorts, Trump judges huddled over a new strategy to advance “history and tradition” as the law of the land.
Former president attempts to turn tables on successor with lurid campaign video after his attorneys reveal he has been rejected by 30 lenders with clock ticking towards New York fraud case deadline
Liz Truss and the so-called ‘mini-Budget’ are still weighing down the Tories as they seek to turn around their fortunes for a general election, says a leading pollster.Sir John Curtice, Professor of Politics at Strathclyde University, said opposition parties only had to say the words “Liz Truss” for voters to start questioning whether to trust the Tories with the economy.
Dufferin County has proclaimed March as Amyloidosis Awareness Month to help bring awareness to this rare, incurable and sometimes fatal disease. “Happy to proclaim the month of March 2024 the Amyloidosis Awareness Month in the county to help get the word out on behalf of the organization,” Melancthon Mayor and Dufferin County Warden Darren White said. At the March 14 county council meeting, Canadian Amyloidosis Support Network (CASN) board member and secretary Keith Dares addressed council to re
The Runaway rapper made the grandiose statement in a joint interview with his Vultures collaborator Ty Dolla $ign. Kanye told industry heavyweight Big Boy on his YouTube channel BigBoyTV, "I done invented every style of music of the past 20 years. I created this genre. I created (The) Weeknd's genre, Trav(is Scott), Drake... I'm gonna go 'head and say it, with all love, Future and (Young) Thug also, because of the autotune album, 808s (& Heartbreaks), if you think about it. Now everyone, they added whatever it was to it."
MrBeast is taking his act from YouTube to Amazon Prime with a $5 million prize on the line.
French President Emmanuel Macron said on Tuesday that Europe needed to take bold steps towards its long-stalled capital markets union project and that France would move ahead to make Paris a more attractive financial hub. The French government is making a big push to revive EU plans to better integrate capital markets across borders to mobilise private cash for the investment needed in artificial intelligence and the transition to a climate-neutral economy. In a video address for the 10th anniversary of the listing of the Euronext pan-European stock market operator, Macron said the capital markets union should be a priority for the next European Commission.
Prince Harry and Meghan Markle launched their new website Sussex.com last month and it has the full support of King Charles. See how.
The new Manchester United shareholder has expressed a desire to build a ‘world class’ stadium for the club