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Leading Investors Back Shell's Climate Targets

Royal Dutch Shell plc (Shell) announces plans to set short-term targets as part of a long-term ambition to reduce the Net Carbon Footprint of its energy products. The company plans to link these targets to executive remuneration, subject to shareholder approval.

Coast Guard to Taylor Energy: Clean Up Oil Spill or Massive Fines

The Washington Post is reporting that United States Coast Guard (USCG) has ordered Taylor Energy Company to contain and clean up an ongoing oil spill in the Gulf of Mexico, which the federal government says has leaked more than a million barrels of oil since 2004—or face fines of $40,000 per day.

Federal Deregulation Could Change Industry Rules for the U.S. Outer Continental Shelf

A notice from the Federal Register published on 16 November 2018 proposes streamlining how companies gain authorization for geophysical surveys in the Gulf of Mexico. It also indicates planned actions on other regulations for the offshore oil and gas industry, which range from blowout prevention and well control to pipeline right-of-way and air quality rules.

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