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...The group sits on an $18.4bn pile of investments, which Nuttall and Bae have bet will fuel earnings in the coming years....
...Acting as emissaries of Carlyle’s brand would similarly fuel their collective prospects, he said....
...It has its own $60bn, all-stock deal for Pioneer Natural Resources in Texas. Acquiring the Hess portion of Stabroek would involve, among other things, paying off Hess’s capital gain taxes....
...Chevron’s rival ExxonMobil agreed to acquire Texas shale producer Pioneer Natural Resources earlier this month for an enterprise value of $64bn....
...The biggest western oil supermajor said on Wednesday it had sealed an all-stock deal that values Pioneer at $253 per share....
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...Exxon is buying Pioneer Natural Resources, the biggest producer in the Permian, for $60bn, while Chevron is paying $53bn for Hess, giving it access to the Guyana discovery as well as assets in the Bakken...
...But recent forecasts say global demand for fossil fuels will soon reach its peak....
...of a peak in fossil fuel demand in the next decade....
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...But as the world targets an energy transition away from fossil fuels, countries in the region are diversifying their economies and investing in new industries, including mining....
...In 2012, Clark and his cousin Galahad founded Vivobarefoot, a footwear brand (certified B Corp) developing design solutions to tackle these issues....
...TMTG has gained one-third in value since it began trading on Tuesday after its merger with Digital World Acquisition Corp....
...In both deals, the buyers are giving up just over a tenth of pro forma equity to access ostensibly high-growth businesses in a world where fossil fuel remains crucial....
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...“It is a huge turnaround from where we were at in the 1970s,” said Harold Hamm, chair of Continental Resources and a shale pioneer....
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...Exxon’s desire to expand its oil assets reflects its belief that fossil fuels will remain part of the global economy for years to come, despite warnings that demand must fall to protect the earth’s climate...
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