It was the first commercially significant find of oil in the Middle East. William Knox D'Arcyby contract with the Emir of Mohammerah, Sheikh Khaz'al Khan al-Kaabiobtained permission to explore for oil for the first time in the Middle East,  an event which changed the history of the entire region. The oil discovery led to petrochemical industry development and also the establishment of industries that strongly depended on oil.
Originally published September 30, at 6: Share story Hal Bernton Seattle Times staff reporter In speeches, reports and online posts, BP and Royal Dutch Shell leaders proclaim support for government rules that put a price on greenhouse-gas pollution resulting from the combustion of oil, natural gas and coal.
But as Washington voters head toward a November vote on an initiative to impose a carbon fee on fossil fuels, the two oil giants have gone their separate ways.
If approved, Initiative could serve as a model for other states. But we are not going to fight it, either. These divergent political paths reflect the strains within an oil industry struggling to figure out how to respond to climate change in an era when runaway wildfires and record-shattering rainfalls bring home the risks of a warming world.
Most oil companies have set aside decades of climate-change denial to acknowledge the risks that lie ahead from the atmospheric build up of emissions released by fossil fuels. These policy shifts come amid stepped-up pressures from some shareholders, consumers and a rash of lawsuits — including one from King County — alleging that major oil companies should pay billions of dollars in compensation.
Washington has emerged as an important climate-change state in the oil industry because it has five refineries and is a kind of U.
Within the past decade, the Legislature repeatedly considered — and rejected — different recipes for cutting these emissions, and voters statewide in rejected a carbon tax.
I offers a different approach: The broad principles of carbon pricing have been repeatedly backed by the leaders of Shell and BP. They say such government regulation is key to reducing fossil-fuel consumption in the increasingly longshot effort to try to limit global warming to less than 3.
And Shell appears to accept a French government move to ban the sale of gas- and diesel-powered cars by Corporate positions BP also has rallied around the Paris agreement.
It has backed legislation to renew the California cap-and-trade program, and it is a founding member of the Climate Leadership Councilwhich advocates a nationwide carbon tax in the U.
Other oil companies have not been so outspoken. They include Phillips 66, which operates a Washington state refinery. Some industry observers say the actions of BP and Shell sometimes do not reflect their green rhetoric. Orgwhich tracks corporate actions on climate change.
The group opposed California legislation that set an ambitious cap on state greenhouse-gas emissions, according to Alex Jackson, a California-based staffer with the Natural Resources Defense Council. By July, Shell had decided to suspend participation in the opposition campaign.
He sought unsuccessfully to pass a carbon tax during the last legislative session and is a big supporter of the ballot measure. They note BP worked closely with Carlyle this year in the failed Olympia effort to gain passage of a carbon tax — and would work with him again next year if voters reject the initiative.
Instead, during the last legislative session, lawmakers granted exemptions to some industries facing international competition. Once that happened, BP and other oil companies did not turn their backs on the legislation.
They succeeded in getting their own exemption from the carbon tax on greenhouse-gas emissions released from refinery processing not the fuel they produceaccording to Carlyle. But it does exempt some other significant sources of carbon pollution, including a coal-power plant scheduled to shut down in and an Alcoa smelter.
BP officials say those exemptions undermine the goals of reducing emissions, a charge proponents reject. BP officials also fault the initiative for failing to prevent other state or local carbon regulations that could potentially pile on top of this one.It was a week where oil prices reached their strongest level in over three years, while natural gas futures ended lower on a bearish inventory report.
On the news front, energy biggies BP plc (BP. HOUSTON -- BP has reported that it continues to make progress in shifting its exploration portfolio toward natural gas and advantaged oil. As first described to the financial community in , BP. At least 27 accidents happened at BP’s oil and gas operations in Alaska this year, In June, just days before turning over this report to regulators, BP suffered its fourth Tier 1 event.
It was another leak, of 5, kilograms of gas inside a company building. The fifth event, in early September, was the gas leak that endangered two.
LONDON (AP) — Energy producer BP has bought BHP Billiton's shale oil and gas assets in the U.S. for $ billion in a deal that will give it access to the fast-growing shale industry. BP has launched a pilot program that essentially turns its offshore oil platforms into a giant 'fitbit' for oil and gas assets.
like BP, which has been in the oil and gas Research Report. BP said it “agrees with the report’s core conclusion – consistent with every other official investigation – that the Deepwater Horizon accident was the result of multiple causes, involving.