Tag: decarbonization

ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements

Ms. Cat

ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements

With an annual total capital expenditure and exploration expense projection ranging between US$23 billion to US$25 billion, ExxonMobil is set to allocate US$22-$27 billion annually toward project spending until 2027. This includes a commitment to emerging ventures in lithium and low-carbon initiatives, with an 18% increase in spending in these areas.

Emphasizing its dedication to the energy transition, ExxonMobil’s Low Carbon Solutions division is expected to witness an increase in budget from US$17 billion to US$20 billion between 2022 and 2027, contingent upon government support.

The company plans to ramp up annual share buybacks to $20 billion by 2025, an increase from the current US$17.5 billion, following the completion of the Pioneer merger. Additionally, ExxonMobil continues its divestment strategy for refining operations.

Related:

US Strategic Oil Reserve Refill Is Limited Despite Low Prices

NATO in the Amazon: Petro Plays with Fire

Ms. Cat

By Roger D. Harris on October 26, 2022

NATO recently expanded to Sweden and Finland, has been de facto incorporated in Ukraine, and may extend to Georgia. Now, NATO’s entry into the Amazon is in the works under the aegis of newly elected President Gustavo Petro of Colombia.

NATO in the Amazon: Petro Plays with Fire

Related:

The US warns Petro of the danger of falling into the hands of China:

The Government of Colombia replies to Washington that if it wants to prevail over Beijing, it must finance the purchase of land from ranchers to distribute among the peasants

Quid pro quo?!

Jeff Bezos says everything will be ok

Ms. Cat

The climate crisis may be dire, with ever more frequent and increasingly devastating floods and wildfires, with killer droughts and heatwaves across the globe, with oceans warming 40% faster and arctic ice sheets melting 70% faster than had been predicted a mere five years ago, with arctic permafrost melting and belching super-greenhouse methane into the atmosphere, and with carbon emissions from fossil fuel combustion continuing to rise year on year regardless.

Jeff Bezos says everything will be ok

Related:

Climate Capitalists/Green Capitalism

China Hit With Sobering Splash of Reality as Alaskan Talks Melt Under Heat of U.S. Belligerence

Ms. Cat

By Matthew Ehrett | Strategic Culture Foundation | March 24, 2021

They had some reason to make their hopeful assumptions as the U.S. State Department press releases announced that the meetings would “highlight cooperation that promotes peace, security and cooperation in the Indo-Pacific region and around the world.”

The Chinese certainly hoped that the sanctions imposed under Trump’s watch might be rolled back by the new administration and that the new team might respect China’s sovereign right to pursue its economic interests without being seen as an opponent to the decaying western empire. They have understandably gotten quite tired of dealing with the constant unipolar intimidation as has been so common since Obama’s Asia Pivot was first announced in 2012. In response to the pressure of a dying empire attempting to insecurely impose its will on a growing nation which will soon find itself as the economic leader of the world, China has responded consistently with class and restraint calling for cooperation and dialogue.

China Hit With Sobering Splash of Reality as Alaskan Talks Melt Under Heat of U.S. Belligerence