BP Slashes Its Oil Exploration Team by 85%, Starts Switching to Renewables

Reuters reports on big changes at BP (the company formerly known as British Petroleum):
Its geologists, engineers and scientists have been cut to less than 100 from a peak of more than 700 a few years ago, company sources told Reuters, part of a climate change-driven overhaul triggered last year by CEO Bernard Looney. “The winds have turned very chilly in the…

Exxon Holds Back on Technology That Could Slow Climate Change

Carbon capture can make money for oil giants, and scientists say we need it. Is the industry willing to invest enough? From a report: Elk and pronghorn antelope migrate each fall through southern Wyoming, where the sparsely vegetated landscape slowly gives way to the foothills of the Rocky Mountains. Interrupting this serene vista is a dense web of steel pipes, tanks,…