President Donald Trump's administration has been contacting US energy companies to ask them about their views on the UN global climate accord, according to two sources with knowledge of the effort, a sign Trump is reconsidering his 2016 campaign pledge to back out of the deal. The sources, ...
They include Trump’s son-in-law Jared Kushner; his former ambassador to China and continued ally Terry Branstad; and companies run by informal energy adviser and oil mogul Harold Hamm and powerful booster Howard Lutnick. Big oil companies like Occidental Petroleum and Energy Transfer, whose CEOs...
The news was met with cheers from Alaska’s congressional delegation, which has long sought to expand oil and gas drilling on federally owned and oil-rich lands. “I welcome the BLM’s announcement today,” Sen. Dan Sullivan (R-AK) said in a statement.“Exploration and development of the...
oil companies will welcome Trump’s election. But history shows that the health of the industry reflects industry cycles and the macroeconomic environment, not White House policy. It is risky to assume any president will be the industry’s savior or its saboteur. Guest commentaries like ...
U.S. oil company stocks rose Wednesday, with former President Donald Trump, viewed as a big backer of increased oil supply,set to return to the White House. ExxonMobil (XOM) shares climbed 2%, while those of rival Chevron (CVX) gained around 3%. Shares of smaller oil companies including ...
And Trump suggested wiping away some environmental regulations to boost energy production, saying America has “got the oil, it’s got the gas. We have everything. The only thing we don’t have is smart people leading our country.” Tuesday’s series of economic proposals raised a lot of ...
"Californians are vigorous advocates for their coast, and the prospect of new drilling in coastal waters provokes fierce opposition and sparks outrage," read CSLC's letter to the U.S. Bureau of Ocean Energy Management. San Francisco businessman Glenn Nemhauser said: "Oil companies have a proven...
Exxon Mobil Corp., whose former CEO Rex Tillerson is now secretary of State, was one of the most vocal opponents of the rule, along with other major oil companies. The SEC is still obligated under the Dodd-Frank law to write some form of a transparency rule for extractive industries. ...
Although the United States last year produced more oil than it ever has, Kamala Harris could blunt that trajectory if she were to defeat Trump and replace Biden. As attorney general in California, Harris prosecuted oil companies for leaks from pipelines and storage tanks, and even sued the ...
Targeted tariffs will likely rule out duties on imports of oil. US refineries rely on imports of heavier grades of oil to optimize the operations of some of their units. US shale oil makes up nearly all of the growth in the nation’s crude pro...