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...Some of the largest companies to have bought or received credits were Chevron, Canadian Natural Resources, ConocoPhillips, Imperial Oil and Suncor Energy....
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...Large scale trading of goods like oil and critical minerals has in the past relied on well-connected intermediaries to win business leading to corrupt deals that have drawn the scrutiny of US and European...
...pilita.clark@ft.com...
...Hin Leong, one of the most powerful names in Asia’s oil trading industry, had been hiding losses from trading in futures markets and selling off oil inventories that had already been pledged as collateral...
...The company said it had paid a higher tax rate, and that while oil and gas trading were strong, prices had fallen substantially from a year earlier....
...Share moves to note on the New York Stock Exchange after a busy morning of corporate earnings include GE Aerospace, Kimberly-Clark and JetBlue: GE Aerospace: shares rose 4.5 per cent after the company,...
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...arm and its trading business, which Borkhataria and Himona both estimate was responsible for about 25 per cent of earnings last year....
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...Big oil’s clean-up charter While oil and gas companies have not yet committed to producing less fossil fuels, their pledge to cut emissions from their own operations is noteworthy....
...Oil trading represents about 30 per cent of total revenues. Alongside gas and power trading, the group is investing in green technologies such as battery storage and biogas....
...The SEC described Loudon as currently employed by a publicly traded company....
...These employees earned between 9 per cent and 15 per cent less than similar workers doing the same job in oil companies, mining groups or other less sustainable businesses, the researchers found....
...And it’s not just that we want to be buying back at a $90 or $85 oil price, we need to also think about how we can be buying back shares at $50 [oil]....
...Pilita Clark is an FT business columnist If you want to be hopeful about the world’s chances of tackling climate change, look to China....
...Oil companies make more money today at $90 than they did 10 years ago, when it comes to the long term.”...
...But it is the first to choose a COP president, Sultan al-Jaber, who is also chief executive of one of the world’s biggest fossil fuel companies — the Abu Dhabi National Oil Company....
...Companies warn their employees about trading in their employer’s shares. But, presumably, those admonitions now need to be broadened to a wider universe....
...But he acknowledged that he had been called on to “engage” with governments and oil and gas companies. “And sometimes I am told ‘you can’t do that’....
...Jaber defended the UAE after briefing documents obtained by the non-profit Centre for Climate Reporting alongside the BBC said that Jaber, who also heads up the nation’s state oil company Adnoc, appeared...
...The short-term swings on Friday showed the markets were in an “agitated” state, said Viktor Katona, head of oil analysis at Kpler, an energy data and research company....
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