oil and gas
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Ocean Infrastructure Has Basically Created Cities at Sea
The oceans may seem vast and indomitable, and yet humanity has found a way to spread its influence over them. New findings show that the world’s oceans are cluttered with all other sorts of human infrastructure.
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Fossil Fuel Companies Are Beginning to Fall Behind on Their Loans
The oilpocalypse continues. The industry has been in a tailspin since the coronavirus lockdowns drove demand into the ground. Fossil fuel companies have scrambled to figure out what to do, and it seems the latest tactic is not paying loans.
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The Oil Industry Threatens Alaskan Polar Bears in Their Dens
Pregnant polar bears enter dens when they give birth for up to eight months. The process makes bear mums super vulnerable — they fast, surviving off the fat on their bodies, and can lose up to 43% of their body weight. And in that environment, the mums must care for their newborn cubs.
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BP CEO Calls Plan to Lay Off 10,000 Workers the ‘Right Thing’
The coronavirus pandemic has been a wild ride for the oil industry as it struggles to grapple with cratering demand for its main product. The biggest hits have been to small firms and middle-tier oil companies, but Big Oil is feeling the impacts, too.