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The goal was to deflate the carbon bomb
The world’s five largest oil and gas firms handed over $100 billion to shareholders in 2022, a new record, according to a study by the Financial Times. The companies, including ExxonMobil, Chevron and Royal Dutch Shell, are the world’s biggest private sector oil and gas companies. The firms spent 40% of their profits on renewable…
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Big oil companies want to be seen as good guys.
ExxonMobil’s operations in Guyana will have “about 30% lower greenhouse gas intensity” than its average oil or gas production by 2027, a company spokesperson said. By 2030, the company expects Guyana to be one of the world’s top 20 oil producers because of it’s dense blanket of rain forests and minimal emissions. By 2027, Guyana…