{
}
In South Texas, dormant uranium mines are reopening as part of a push for a nuclear renaissance, driven by rising energy demands from high-tech industries. Despite local opposition and concerns over groundwater contamination, state regulators have approved permits for new mining operations, with significant investments anticipated in domestic uranium production following disruptions in supply chains. The renewed interest in nuclear energy is fueled by a national goal to triple capacity by 2050, amidst a backdrop of geopolitical tensions and a shift towards zero-carbon energy sources.
China and the US were absent from treaty discussions on production limits, with the US likely shifting its stance post-Trump's victory. The petrochemical industry, heavily represented at the talks, opposes ambitious treaty measures, focusing instead on waste management while ignoring the need for production caps, which could exacerbate plastic pollution and health risks. As fossil fuel demand declines, plastics are seen as a profitable alternative, raising concerns about environmental and health impacts.
ExxonMobil has signed a lithium offtake agreement with LG Chem for 100,000 tons of lithium carbonate, aimed at bolstering the US critical mineral supply chain. The lithium will be sourced from ExxonMobil's upcoming project and supplied to LG Chem's Tennessee cathode plant, which is set to be the largest in the US. This initiative is expected to create jobs, enhance energy security, and utilize Direct Lithium Extraction technology, promising lower environmental impacts compared to traditional mining methods.
A record 221 fossil fuel lobbyists are participating in the UN talks in Busan aimed at establishing a global treaty to combat plastic pollution, with significant opposition to production curbs from oil and gas-producing nations. Despite widespread support for manufacturing limits among most countries, resistance from a powerful minority threatens to derail the negotiations. Concerns over corporate influence echo criticisms of fossil fuel lobbyists' access to climate discussions, raising alarms about the integrity of the treaty process.
Exxon has been identified as the top oil stock, with UBS highlighting the company's significant investment in reducing carbon emissions. This strategic move is expected to yield positive results for the company in the future.
The oil and gas industry is closely monitoring the upcoming winter session of Parliament, starting November 25, as it anticipates the approval of the Oilfields (Regulation and Development) Amendment Bill, 2024. This legislation aims to replace the outdated 1948 Act, fostering investment and policy stability in India's exploration sector.Major international companies, including Chevron and ExxonMobil, are poised to collaborate with Oil and Natural Gas Corporation (ONGC) but are awaiting clarity on the new regulations. ONGC's director of exploration, Sushma Rawat, highlighted ongoing discussions with these firms regarding both exploration and unmonetized discoveries.
Oil Minister Hardeep Singh Puri announced that major oil-consuming countries are unlikely to experience fuel shortages as producers like the US, Brazil, and Canada increase crude supply. Brazil is set to add 300,000 to 400,000 barrels per day, while the US may contribute an additional million barrels. Puri emphasized the importance of stable crude oil prices for India's economic decisions, given its reliance on imports for over 85% of its oil needs.
Azerbaijan's COP29 presidency celebrated a significant early achievement by swiftly approving controversial rules for a new UN carbon market, aiming to facilitate climate action funding. However, critics expressed concerns over the rushed decision-making process and the potential for dubious emission reductions, emphasizing the need for further scrutiny and development of essential market components before trading can commence.
Azerbaijan's President Ilham Aliyev defended fossil fuels at COP29, asserting they are a "gift of the god" and criticizing foreign media for labeling his country a "petrostate." He highlighted Azerbaijan's role in supplying gas to the EU amid the Ukraine crisis, while US climate envoy John Podesta announced a new methane fee for oil and gas companies. Meanwhile, Sweden pledged $18.4 million to the Loss and Damage Fund, and Shell successfully appealed a ruling to cut emissions by 45% by 2030.
ExxonMobil
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Texas Uranium Mining Resurgence Sparks Controversy Amid Nuclear Energy Push
United States Dollar
ExxonMobil
Uranium Energy Corp.
Rio Grande Resources
Dow Inc.
enCore Energy Corp.
Conoco-Phillips
USA
David Michaelsen
Joe Biden
Jamie Walker
Reed Clay
Colin Leyden
Terrell Graham
Greg Abbott
Show more
08:00 07.12.2024
negotiations for global plastic treaty fail amid fossil fuel opposition
United States Dollar
ExxonMobil
Dow Inc.
BASF
SABIC
Saudi Aramco
Chevron Corp
Shell plc
Delphine Levi Alvares
Aileen Lucero
Bethanie M Carney Almroth
Show more
00:08 03.12.2024
exxonmobil and lg chem forge lithium offtake agreement to boost supply chain
17:57 29.11.2024
fossil fuel lobbyists dominate negotiations for global plastics treaty in busan
United States Dollar
BASF SE
ExxonMobil
Dow Inc.
Sabic
KOR
SAU
RUS
IRN
CHN
DOM
EGY
FIN
KAZ
MYS
PER
CAN
AUS
Matt Perryman
Megan Rowling
Von Hernandez
Delphine Levi Alvares
Show more
12:55 28.11.2024
Exxon emerges as top oil stock with focus on carbon reduction
12:37 27.11.2024
il and gas industry anticipates key legislation in upcoming parliament session
11:41 22.11.2024
oil minister assures stable supply as producers increase crude output
United States Dollar
Suncor Energy Inc.
ExxonMobil
Petróleo Brasileiro S.A. - Petrobras
USA
IND
BRA
CAN
Hardeep Singh Puri
Show more
12:57 14.11.2024
COP29 approves controversial rules for new UN carbon market
Saudi Aramco
Shell plc
ExxonMobil
BP p.l.c.
AZE
Maria AlJishi
Injy Johnstone
Mukhtar Babayev
Trishant Dev
Simon Stiell
Show more
20:03 12.11.2024
climate summit highlights divisions on fossil fuels and finance goals
United States Dollar
Shell
ExxonMobil
BRA
GBR
SWE
USA
CHN
NLD
SAU
John Podesta
Antonio Guterres
Wael Sawan
Ilham Aliyev
Darren Woods
Show more
12:08 12.11.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Financial Scams and Security
Finance Mergers & Acquisitions
Banking Regulations
Global Financial Events
Hedge Funds & Private Equity
Market Analysis and Predictions
Retail and Consumer Goods
Supply Chain Management
Startups & Entrepreneurship
Workplace Trends
CEO Changes
Real Estate Investments
Global Trade Developments
Cryptocurrency Trends
Government Economic Policies
Venture Capital Investments
Crypto Adoption and Integration
Countries:
Companies:
JPMorgan Chase & Co.
Barclays PLC
Bank of America Corporation
The Goldman Sachs Group, Inc.
Tesla, Inc.
Citigroup Inc.
Geode Capital Management LLC
Wells Fargo & Company
NVIDIA Corporation
Morgan Stanley
The Charles Schwab Corporation
Charles Schwab Investment Management Inc.
Credit Suisse Real Estate Fund Siat
State Street Corporation
Apple Inc.
Tesmec S.p.A.
UBS Group AG
Broadcom Inc.
Deutsche Bank Aktiengesellschaft
Lloyds Banking Group plc
Currencies:
United States Dollar
British Pound Sterling
Swiss Franc
Chinese Yuan
Euro
Indian Rupee
United Arab Emirates Dirham
South Korean Won
Offshore Chinese Yuan
Japanese Yen
Azerbaijani Manat
New Taiwan Dollar
Saudi Riyal
Singapore Dollar
Vietnamese Đồng
Hong Kong Dollar
People: