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PORT ARTHUR, TEXAS: the End of the Line for an Economic Myth
PORT ARTHUR, TEXAS: The End of the Line for an Economic Myth August 2017 ACKNOWLEDGEMENTS This report was researched and written by Mary Greene and Keene Kelderman of the Environmental Integrity Project. THE ENVIRONMENTAL INTEGRITY PROJECT The Environmental Integrity Project (http://www.environmentalintegrity.org) is a nonpartisan, nonprofit organization established in March of 2002 by former EPA enforcement attorneys to advocate for effective enforcement of environmental laws. EIP has three goals: 1) to provide objective analyses of how the failure to enforce or implement environmental laws increases pollution and affects public health; 2) to hold federal and state agencies, as well as individual corporations, accountable for failing to enforce or comply with environmental laws; and 3) to help local communities obtain the protection of environmental laws. For questions about this report, please contact EIP Director of Communications Tom Pelton at (202) 888-2703 or [email protected]. PHOTO CREDITS Cover photo by Garth Lenz of Port Arthur. Executive Summary The Trump Administration’s approval of the Keystone XL Pipeline will lead to a surge in demand for oil refining at the southern end of the line, in Port Arthur, Texas – and a real test for claims that the administration’s promotion of fossil fuel industries will create jobs. The industrial port of 55,000 people on the Gulf of Mexico has been the home of America’s largest concentration of oil refineries for decades, and business has been booming. But history has shown little connection between the profitability of the petrochemical industries that dominate Port Arthur and the employment or health of the local people who live in this city of increasingly abandoned buildings and empty lots. -
NEW YORK ------X CITY of NEW YORK, : : Plaintiff, : No
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ---------------------------------X CITY OF NEW YORK, : : Plaintiff, : No. 18 Civ. 182 (JFK) -against- : : OPINION & ORDER BP P.L.C., CHEVRON CORPORATION, : CONOCOPHILLIPS, : EXXON MOBIL CORPORATION, : and ROYAL DUTCH SHELL, PC, : : Defendants. : ---------------------------------X APPEARANCES FOR PLAINTIFF CITY OF NEW YORK: Zachary W. Carter Susan E. Amron Kathleen C. Schmid Margaret C. Holden Noah Kazis CORPORATION COUNSEL OF THE CITY OF NEW YORK Steve W. Berman Matthew F. Pawa Benjamin A. Krass Wesley Kelman HAGENS BERMAN SOBOL SHAPIRO LLP Christopher A. Seeger Stephen A. Weiss Diogenes P. Kekatos SEEGER WEISS LLP FOR DEFENDANT CHEVRON CORPORATION: Caitlin J. Halligan Andrea E. Neuman Anne Champion Theodore J. Boutrous, Jr. William E. Thomson Joshua S. Lipshitz GIBSON, DUNN & CRUTCHER LLP Herbert J. Stern Joel M. Silverstein STERN & KILCULLEN, LLC Neal S. Manne Johnny W. Carter Erica Harris Steven Shepard Laranda Walker Kemper Diehl Michael Adamson SUSMAN GODFREY LLP FOR DEFENDANT EXXON MOBIL CORPORATION: Theodore V. Wells, Jr. Daniel J. Toal Jaren Janghorbani PAUL, WEISS, RIFKIND, WHARTON & GARRISON, LLP M. Randall Oppenheimer Dawn Sestito O’MELVENY & MYERS LLP Patrick J. Conlon EXXON MOBIL CORPORATION FOR DEFENDANT CONOCOPHILLIPS: John F. Savarese Jeffrey M. Wintner Ben M. Germana Johnathan Siegel WACHTELL, LIPTON, ROSEN & KATZ Tracie J. Renfroe Carol M. Wood KING & SPALDING LLP JOHN F. KEENAN, United States District Judge: Before the Court is a motion by Defendants Chevron Corporation (“Chevron”), ConocoPhillips, and Exxon Mobil Corporation (“Exxon”) (together, the “U.S.-based Defendants”) to dismiss Plaintiff City of New York’s (the “City”) amended complaint under Federal Rules of Civil Procedure 12(b)(1) and 12(b)(6). -
Climate and Energy Benchmark in Oil and Gas Insights Report
Climate and Energy Benchmark in Oil and Gas Insights Report Partners XxxxContents Introduction 3 Five key findings 5 Key finding 1: Staying within 1.5°C means companies must 6 keep oil and gas in the ground Key finding 2: Smoke and mirrors: companies are deflecting 8 attention from their inaction and ineffective climate strategies Key finding 3: Greatest contributors to climate change show 11 limited recognition of emissions responsibility through targets and planning Key finding 4: Empty promises: companies’ capital 12 expenditure in low-carbon technologies not nearly enough Key finding 5:National oil companies: big emissions, 16 little transparency, virtually no accountability Ranking 19 Module Summaries 25 Module 1: Targets 25 Module 2: Material Investment 28 Module 3: Intangible Investment 31 Module 4: Sold Products 32 Module 5: Management 34 Module 6: Supplier Engagement 37 Module 7: Client Engagement 39 Module 8: Policy Engagement 41 Module 9: Business Model 43 CLIMATE AND ENERGY BENCHMARK IN OIL AND GAS - INSIGHTS REPORT 2 Introduction Our world needs a major decarbonisation and energy transformation to WBA’s Climate and Energy Benchmark measures and ranks the world’s prevent the climate crisis we’re facing and meet the Paris Agreement goal 100 most influential oil and gas companies on their low-carbon transition. of limiting global warming to 1.5°C. Without urgent climate action, we will The Oil and Gas Benchmark is the first comprehensive assessment experience more extreme weather events, rising sea levels and immense of companies in the oil and gas sector using the International Energy negative impacts on ecosystems. -
Quarterly Analyst Themes of Oil and Gas Earnings
Quarterly analyst themes of oil and gas earnings Q2 2021 ey.com/oilandgas Overview The recovery of oil and gas commodity markets and underleveraged and begin to return even more improved company performance continued in the cash to shareholders. As companies grapple with second quarter of 2021 with oil demand and OPEC+ low unlevered returns on renewable energy discipline resulting in a steady reduction in investments relative to oil and gas projects, the inventories and an increase in crude oil prices. matter of gearing is likely to re-emerge. Brent crude averaged US$69/bbl in the second On capital spending, analysts were interested in quarter, up 13% from the previous quarter and companies’ response to the improving macro- twice the average a year ago. Henry Hub averaged environment, specifically whether the companies US$2.95/mmBtu, down from US$3.50/mmBtu in were considering mobilizing additional upstream the first quarter as prices normalized after the investment with commodity prices returning to pre- extreme cold, but were up 50% from the beginning COVID-19 levels. Supply chain interruptions, labor to the end of the quarter, a trend that has market shortages and inflation concerns have continued into Q3. International gas markets begun to take center stage in economic news, and strengthened with northern Asia LNG prices oil and gas industry analysts checked for signs of averaging nearly US$10/mmbtu in 2Q21, driven by pricing pressure in the market for materials and strong growth in Chinese power demand, European services upstream and indications of how inventory rebuild and reduced hydroelectric output companies plan to offset the impact. -
Breakdowns in Air Quality Air Pollution from Industrial Malfunctions and Maintenance in Texas
Breakdowns in Air Quality Air Pollution from Industrial Malfunctions and Maintenance in Texas APRIL 27, 2016 ACKNOWLEDGEMENTS Written and researched by Ilan Levin and Kira Burkhart of the Environmental Integrity Project, and Luke Metzger and Sara Smith of Environment Texas. THE ENVIRONMENTAL INTEGRITY PROJECT The Environmental Integrity Project (http://www.environmentalintegrity.org) is a nonpartisan, nonprofit organization established in March of 2002 by former EPA enforcement attorneys to advocate for effective enforcement of environmental laws. EIP has three goals: 1) to provide objective analyses of how the failure to enforce or implement environmental laws increases pollution and affects public health; 2) to hold federal and state agencies, as well as individual corporations, accountable for failing to enforce or comply with environmental laws; and 3) to help local communities obtain the protection of environmental laws. ENVIRONMENT TEXAS Environment Texas Research & Policy Center is a statewide advocacy organization bringing people together for a cleaner, greener, healthier future.www.EnvironmentTexasCenter.org For questions about this report, please contact Ilan Levin, Director of EIP’s Texas office, at (512) 637-9479 or [email protected] PHOTO CREDITS Tom Pelton/ Environmental Integrity Project. Cover photo: East of Houston Texas, near the Shell Oil Deer Park plant. Page 13 photo by Blas Espinosa. CORRECTIONS Corrections were made in this report on May 10, 2016 updating the current owner of the Flint Hills Chemical Plant in Port Arthur (Jefferson County) to Koch/Flint Hills Resources and the owner of Port Arthur Refinery in Port Arthur (Jefferson County) to Motiva Enterprises, LLC. Breakdowns in Air Quality Executive Summary Texas leads the nation in energy production. -
Page 1 C H E M I C a L C O N T a M I N a T I O N I N F
C H E M I C A L C O N T A M I N A T I O N I N F E N C E L I N E C O M M U N I T I E S Port Arthur, Texas: Public Housing Residents Breathe Contaminated Air From Nearby Refineries and Chemical Plants By Steve Lerner Hilton Kelley grew up on the frontlines of toxic chemical exposure in the United States. Kelley, 45, a big man with a shaved head and a brown belt in Tae Kwan Do, lived for six years in the Carver Terrace public housing complex just across the fenceline from the Motiva Enterprises refinery in the West Side neighborhood of Port Arthur, Texas. To this day, Motiva’s 3,800-acre refinery remains the 800-pound gorilla on his block producing 285,000 barrels of oil a day. Refinery officials plan to expand its capacity 125 percent and produce 625,000 barrels a day making it the largest refinery in the nation. Playground at Carver Terrace The Motiva facility, jointly owned by Shell Oil Photo: Steve Lerner and Saudi Aramco, is not the only oil refinery or petrochemical plant fouling the air in this largely African-American and low-income neighborhood. Heavy emissions are also released into the air by the Valero refinery, Huntsman Petrochemical, and the Chevron Phillips plant, as well as the Great Lakes Carbon Corporation’s petroleum coke handling facility. The air is further burdened by massive releases from a major refinery owned by Total Petrochemicals USA (formerly Final Oil), Premcor Refining, as well as BASF Fina Petrochemicals located a few miles away in East Port Arthur. -
Chevron Sustainability Report 2020
2020 corporate sustainability report for complete reporting, visit chevron.com/sustainability 2020 ESG highlights protecting the empowering getting results environment people the right way $15M climate change resilience increase in our investment advancing a lower-carbon future to address racial equity 40% of our Board were women highlighted three action areas for advancing a lower-carbon future in our Climate Change Resilience report 12 networks 2020 marked the 20th $400M anniversary of our first spent on woman- and formal employee network minority-owned businesses joined the World Bank’s Zero Routine Flaring by 2030 initiative chevron 2020 climate lobbying 40% report targeted reduction in oil carbon intensity 26% issued our first targeted reduction in climate lobbying report gas carbon intensity 51 years of our Employee Assistance Program During the pandemic, it offered virtual programs for our employees and their families, including mindfulness and yoga instruction. 40%+ joined the of outstanding common Environmental, social and governance (ESG) data WBCSD’s Value Chain Carbon are as of December 31, 2020, and exclude spend that stock represented in substantive Transparency Pathfinder is ultimately shared with our partners. ESG engagements message from our chairman and CEO In the face of this environment, our people responded with resilience, embracing adversity as an opportunity to learn and improve. Though we shared hardships, the lessons of 2020 “Over the past year, made us a better company, and strengthened our ongoing we, like every company, commitment to help advance a better future for all. navigated a world We believe energy enables modern life and powers human facing the economic and progress. -
Optimism Returns As the Oil Majors Post Stronger Results Themes from the Oil Majors’ Q2 2021 Earnings Calls
August 2021 Optimism returns as the oil majors post stronger results Themes from the oil majors’ Q2 2021 earnings calls The oil majors reported results for the calls. This remained the case despite the US- second quarter that were typically ahead of based companies being asked fewer questions expectations. Compared to the prior quarter, on the theme this period. management teams were more optimistic on the near-term outlook despite some uncertainty Top five themes from questions asked created by the spread of the Delta variant. by anlysts - number of questions that Companies expressed confidence in both the relate to a theme continuing market recovery and their underlying business performance. 0 Stronger results were widely anticipated 0 on the back of a more supportive macro 0 environment. However, the scale of the increase 20 in shareholder distributions proposed by most companies was above the level expected 10 0 by some analysts. Consequently, a significant 2 2020 2020 2020 1 2021 2 2021 Energy transition Shareholder distributions number of questions were posed around Capital allocation Portfolio optimisation commitments by the oil majors to return some Production outlook of their excess cash generation to shareholders. Analysts sought more detail on the metrics and oil price assumptions used by the companies to Policy frameworks were the main theme arrive at their dividend figure. Some companies explored by analysts, accounting for 44% of all also signalled an intention to commence share questions on the energy transition. Around half buyback programmes. These companies fielded of these questions focused on the European questions on the split between dividends Commission’s 'fit for 55' package of proposals and buybacks going forward and any upside aimed at reducing its greenhouse gas emissions distribution potential if oil prices trend above by 55% by 2030. -
Table of Contents Accounting Auditor
Chevron 2021 annual stockholders meeting – additional questions June 16, 2021 We addressed as many questions during the meeting as time permitted. Responses to other questions are below. A summary or an answer to a question that represents the others has been used where we received multiple inquires on the same topic. We appreciate hearing from our investors. table of contents accounting auditor ..................................................................................................................... 2 advocacy .................................................................................................................................. 2 annual stockholders meeting ........................................................................................................ 2 Board of Directors ..................................................................................................................... 2 China ....................................................................................................................................... 5 climate change and energy transition............................................................................................. 5 climate change litigation ............................................................................................................. 8 corporate headquarters................................................................................................................ 8 COVID-19............................................................................................................................... -
A Case Study of Chevron Nigeria
Investing in Fragile Contexts: A Case Study of Chevron Nigeria Background to Chevron in Nigeria: Chevron is one of the world's leading integrated energy companies. Its roots go back to the formation of Pacific Coast Oil Company in 1876. That company later became Standard Oil Company of California and, subsequently, Chevron Corporation. Chevron acquired Gulf Oil Corporation in 1984, merged with Texaco (formerly The Texas Fuel Company, formed in Beaumont, Texas, in 1901) in 2001 and acquired Unocal in 2005. These mergers and acquisitions have strengthened Chevron's position as an energy industry leader, increasing its crude oil and natural gas assets around the world. Chevron is involved in virtually every facet of the energy industry. It has a diverse and highly skilled global workforce of approximately 64,700 employees. Its business operations traverse 100 countries. In 2014, Chevron's average net production was 2.571 million oil-equivalent barrels per day. About 74 percent of that production occurred outside the United States. At the end of 2014, Chevron had a global refining capacity of 1.9 million barrels of oil per day. Challenges: Nigeria is the most populous country in Africa and has the largest economy on the continent. It has an estimated population of 170million people who are from different ethnic backgrounds and speak more than 200 languages. The country has a high rate of unemployment and poverty, and outbreaks of violent, inter-ethnic conflicts are rife. Governance and transparency is sometimes a challenge. Nigeria gained its independence from Great Britain in October, 1960 and Chevron arrived in the country a year after. -
Port Arthur Center
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp a Texas licensed real estate broker (“HFF”). PORT ARTHUR CENTER PORT ARTHUR, TEXAS - EXECUTIVE SUMMARY INVESTMENT HIGHLIGHTS PROPERTY OVERVIEW • Newly Redeveloped Class “A” Shopping Center in Houston MSA | 100% Leased to National Tenants ADDRESS 2770 Highway 365, Port Arthur, Texas 77640 • Average Lease Term of 9.25 Years | Long Term Stable Cash Flow LOCATION SEC of Highway 365 & Highway 69 • Located at a Dynamic Retail Intersection | National Tenants include Walmart Supercenter, Office OCCUPANCY 100% Depot, Ross Dress for Less, Petco, Best Buy, and Academy Sports + Outdoors PARKING 334 Spaces (3.95/1,000 SF) • Outstanding Location at a Highly Visible Intersection of Highway 69 & Highway 365 | Traffic YEAR BUILT 1996; Renovated 2014. Petsmart; New Construction 2015 Counts over 65,000 Cars per Day TOTAL GLA 84,584 SF • Exceptional Demographics | Immediate Area has Seen Nearly 10% Growth Over the Last 5 Years LAND SIZE Approximately 5.75 acres • Significant Commercial Activity & Development in Port Arthur | Natural Gas Project Golden Pass LNG Terminal will Create Approximately 45,000 Direct and Indirect Jobs across the Country DEBT Available for New Market Rate Financing 2 HIGHWAY 287 | 49,048 VPD FM 365 | 12,966 VPD PORT ARTHUR CENTER 3 LOCATION MAP DEMOGRAPHICS DESCRIPTION 1 MILE RADIUS 3 MILE RADIUS 5 MILE RADIUS POPULATION Magnolia St Folsom Dr 2020 Projection 4,241 37,577 80,378 W Lucas Dr 2015 Estimate 3,925 36,272 78,512 Major Dr 1442 2010 Census 3,571 35,348 77,674 -
Chevron Usa Inc
Case Number: PC-2018-4716 Filed in Providence/Bristol County Superior Court Submitted: 1/13/2020 11:48 PM Envelope: 2422242 Reviewer: Carol M. STATE OF RHODE ISLAND SUPERIOR COURT PROVIDENCE, SC. STATE OF RHODE ISLAND, : Plaintiff, : : v. : : P.C. No. 2018-4716 CHEVRON CORP.; : CHEVRON U.S.A. INC.; : EXXONMOBIL CORP.; : BP P.L.C.; : BP AMERICA, INC.; : BP PRODUCTS NORTH AMERICA, : INC.; : ROYAL DUTCH SHELL PLC; : MOTIVA ENTERPRISES, LLC; : SHELL OIL PRODUCTS COMPANY : LLC; : CITGO PETROLEUM CORP.; : CONOCOPHILLIPS; : CONOCOPHILLIPS COMPANY; : PHILLIPS 66; : MARATHON OIL COMPANY; : MARATHON OIL CORPORATION; : MARATHON PETROLEUM CORP.; : MARATHON PETROLEUM COMPANY : LP; : SPEEDWAY LLC; : HESS CORP.; : LUKOIL PAN AMERICAS, LLC; : GETTY PETROLEUM MARKETING, : INC.; AND : DOES 1 through 100, inclusive : Defendants. DEFENDANTS’ MOTION TO DISMISS FOR FAILURE TO STATE A CLAIM UPON WHICH RELIEF CAN BE GRANTED Case Number: PC-2018-4716 Filed in Providence/Bristol County Superior Court Submitted: 1/13/2020 11:48 PM Envelope: 2422242 Reviewer: Carol M. Pursuant to R.I. R. Civ. P. 12(b)(6), Defendants1 Chevron Corporation; Chevron U.S.A., Inc.; Exxon Mobil Corporation; BP Products North America Inc.; BP P.L.C.; BP America Inc.; Royal Dutch Shell, PLC; Motiva Enterprises, LLC; Shell Oil Products Company LLC; Citgo Petroleum Corporation; ConocoPhillips; ConocoPhillips Company; Phillips 66; Marathon Petroleum Corporation; Marathon Petroleum Company LP; Speedway, LLC; Hess Corp.; Marathon Oil Company; and Marathon Oil Corporation collectively move this Court to dismiss Plaintiff’s Complaint with prejudice for failure to state a claim. Defendants rely upon the Complaint, all prior pleadings and proceedings and the contemporaneously filed Memorandum of Law in Support of Defendants’ Motion for Failure to State a Claim Upon Which Relief Can be Granted.2 Dated: January 13, 2020 Respectfully submitted, /s/ Gerald J.