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...It is one of the biggest western refining companies, with 12 plants spread across the US and Europe....
...They continued in March this year, when Glencore chief executive Gary Nagle visited Tesla’s factory in Fremont, California, as part of a roadshow for the mining company’s annual results....
...The National Cement Company of California, owned by French materials group Vicat, won up to $500mn for a proposal to become “carbon neutral”, including by using carbon capture and replacing some fossil fuels...
...It was backed by several deep-pocketed investors, including BlackRock, US oil refiner Valero Energy and Poet, a top US biofuel refiner....
...The company plans to store wood chopped down from California’s forests in vaults designed to contain greenhouse gases....
...The disclosures relate to its oil production and refining operations there, where the company can trace its history back more than 140 years....
...That might not matter since most big companies operate in California and thus must meet those Scope 3 standards. But the jury is out. 4....
...Doing so could divide the company’s more than 43,000 employees, he reasons, many of whom work in progressive California or conservative Texas....
...TechMet’s 10 portfolio companies include the UK’s Cornish Lithium and its fellow lithium miner EnergySource Minerals of California; rare earth producers such as South Africa-focused Rainbow Rare Earths;...
...DLE has generated excitement, notably in the US, where companies including start-up EnergySource Minerals are seeking to use it at the Salton Sea, a salty lake in California....
...In November last year, for instance, Luma AI, a California-based start-up founded in 2021, released a research preview of its new generative AI tool, Genie....
...Cruise, the driverless car company owned by General Motors, paused its operations after California regulators barred its vehicles from the state’s roads following an accident in San Francisco....
...Valero, the world’s biggest independent refiner, dismissed concerns about market weakness during a recent earnings call....
...Morgan Stanley has boardroom links to the oil and gas industry too; director Rayford Wilkins Jr is a sitting board member of Texas-based oil refining company Valero Energy....
...executive of large refining company Valero Energy, said in an earnings call last month....
...Shareholders of two independent refiners, Valero Energy and Marathon Petroleum, have enjoyed stock price rises of at least 78 per cent in the last year....
...However, investors scored a win at Valero Energy, a fuel refining and retail company, which agreed to make pay changes based on climate without a shareholder vote....
...“As long as inventories remain low, you would expect that to translate into a very strong refining margin environment,” said Joseph Gorder, chief executive of refiner Valero, referring to the profit margins...
...In letters sent to seven oil companies including ExxonMobil, BP, Shell and Valero, Biden called for “immediate actions” to supply more fuel, and said the administration was prepared to use “all reasonable...
...The first auction for offshore wind leases along California’s coastline finished yesterday....
...Gary Simmons, chief commercial officer at Valero Energy, told analysts recently that the company had seen a “bit of a lull” in early July but that demand had since recovered to June levels....
...Al-Khowaiter, a second-generation Aramco employee educated at the University of California and the Massachusetts Institute of Technology, is a key figure in the company’s drive for “sustainability”....
...Additional reporting by Derek Brower in San Ramon, California...
...China is way out in front when it comes to converting the metal to raw materials for batteries; the International Energy Agency puts its share of global refining capacity at 58 per cent....
...Extreme weather and high utility bills are pushing more households to adopt rooftop solar and cut ties with utility companies....
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