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|    sci.environment    |    Discussions about the environment and ec    |    198,385 messages    |
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|    Message 197,612 of 198,385    |
|    MrPostingRobot@kymhorsell.com to All    |
|    oh, no! oil hit by record losses! (1/2)    |
|    04 Feb 21 00:08:42    |
      XPost: alt.global-warming              Big Oil hit by record losses from pandemic and clean fuel       Derek Brower and Anjli Raval, Financial Times via Carbon Brief       Following a "brutal" 12 months for the oil industry, some of the       world's largest energy companies have reported record annual losses,       according to the Financial Times. It adds that ExxonMobil made losses       of more than $20bn in 2020, the first annual loss in its history,       while BP's reached $5.7bn, its first annual loss since the Deepwater       Horizon disaster more than a decade ago. On top of the "devastation"       to their revenue resulting from the Covid-19 pandemic and last year's       associated price crash, "investors and environmental activists have       also assailed the sector with demands that it step up efforts to       reduce carbon emissions", the article notes. The New York Times says       such years are likely to become "more commonplace" for the industry,       amidst growing concerns about climate change and the rise of electric       vehicles, with General Motors "rais[ing] the stakes" last week by       declaring it aimed to sell only electric cars by 2035. According to       the newspaper, European oil companies are investing "considerable       resources" in offshore wind and solar energy, while their American       counterparts have been slower to begin moving away from fossil       fuels. Even the oil companies that are making the transition are       unlikely to see their investments pay off "for years", it       notes. Despite the news, the fossil fuel majors have taken an       optimistic tone, with BP chief executive Bernard Looney - who last       year made a commitment to achieving net-zero emissions by 2050 -       telling staff that following a successful vaccine rollout his company       "will be ready to really take off", the Times reports. The Financial       Times' Lex column asks why Looney's strategy has not yet received       approval from the market, noting that since announcing the net-zero       goal "the stock market has given him little credit" and "BP's share       price has trailed its rivals in Europe for the past year".       Meanwhile, according to the Financial Times, there is currently a       sustained campaign by "activist investors" at Exxon for the company to       "cuts costs and overhaul a strategy that is focused on increasing oil       and gas supply". BusinessGreen reports that as the company faces this       "barrage" of criticism, it has pledged to invest $3bn into carbon       capture and other "lower emission" energy projects over the next five       years. There is another Financial Times Lex column looking at Exxon,       which says that, while you could blame its significant losses on last       year's recession, the "reality is that 2020 was a milestone year for       action on climate change". It says efforts so far "have not been       enough to repel climate-focused activist investors who want more       radical action". Finally, DeSmog UK has an "exclusive" story reporting       that the fossil fuel giant "may be understating the financial damage       to its assets", according to a former Exxon employee turned       whistleblower. Franklin Bennett has accused the oil major of       overvaluing its assets in a practice he describes as "fraudulent and       defiant behaviour" in a 31 Jan supplement to a whistleblower       complaint he filed with the US Securities and Exchange Commission,       DeSmog UK reports.              --       BREAKING (3 Feb): Vic Prem Andrews has announced a case of community       covid has been detected in a quarantine worker. In a late night press       conf he announced a long list of sites the man has visited in the past       few days and called on people that have symptoms or were at any of the       shopping centers or clubs at the times given to go for testing. It's       not known if the virus is one of the new more dangerous variants.              [Exhibit A:]       Travellers at Perth's COVID outbreak hotel say guards not wearing masks       ABC News, 02 Feb 2021 22:01Z       Returned travellers who have had their quarantine period at a Perth hotel       extended raise concerns over security guards not wearing masks and say they       have been kept in the dark about changes to their stay.              [Exhibit B:]       Australia's on high alert for new COVID-19 variants. Here's what we know       about them       ABC Health & Wellbeing, 02 Feb 2021 22:28Z       The recent emergence of several new coronavirus variants has triggered a       fresh wave of concerns over how quickly the virus is changing, and new       questions about whether COVID-19 vaccines will be able to keep up.              [Data Science!]       Scientists Can Predict Breakups From Unrelated Internet Posts 3 Months       Before It Occurs       IFLScience, 02 Feb 2021 15:30Z       A study looking at the language people use when they are going through       breakups has found that markers of an impending breakup can be seen 3       months ...              Victorian authorities investigating possible transmission of UK COVID strain       in hotel quarantine       ABC News, 03 Feb 2021 05:46Z       Victorian authorities investigate the possible transmission of COVID-19       within the state's hotel quarantine system after 2 groups of travellers on       the same floor test positive for the same UK variant of the virus.              Westpac faces tens of mns of dollars in fines after High Court ruling       ABC News, 03 Feb 2021 05:45Z       Westpac is facing mns of dollars in fines after the High Court ruled it       overstepped financial advice laws in promoting superannuation services to       its customers.              Morrison publicly reprimands Kelly over coronavirus vaccine misinformation       ABC News, 03 Feb 2021 05:44Z       Prime Minister Scott Morrison offers his first public rebuke of Liberal       backbencher Craig Kelly for spreading misinformation about COVID-19.              'Not scientifically possible': Victoria accused of overinflating kangaroo       numbers to increase harvest       ABC Goulburn Murray, 03 Feb 2021 06:44Z       The Victorian Government is accused of "massively overinflating" kangaroo       numbers in order to support a 65 per cent increase in the state's commercial       harvest quota.              Study challenges ecology's 'Field of Dreams' hypothesis       Phys.org, 02 Feb 2021 18:45Z       If you build it, they might not come. That's the key finding of a new study       on habitat restoration practices that challenges a commonly accepted       principle in ...              Antarctica Is Melting in a Way Our Climate Models Never Predicted,       Scientists Say       ScienceAlert, 03 Feb 2021 04:44Z       The Antarctic ice sheet is not melting in the linear way our climate models       predicted it would. Instead, a more detailed model shows that while the rate       of ice loss ...              The Wisconsin pharmacist who sabotaged 500 vaccine doses believes the Earth       is flat and that the sky is a shield to stop us seeing God, according to FBI       documents       msnNOW, 02 Feb 2021 11:05Z       Steven Brandenburg, the Wisconsin pharmacist who destroyed COVID-19 vaccines,       told law enforcement he reads lots of conspiracy-theory books.              Study: Pandemic's cleaner air added heat to warming planet       Yahoo News, 02 Feb 2021 21:04Z       Earth spiked a bit of a fever in 2020, partly because of cleaner air from       the pandemic lockdown, a new study found. For a short time, temperatures in       some places ...              Chickens were the first species to be diagnosed with coronavirus more than       90 years ago              [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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