RESULTS Tags: "companies"
The loophole dates from an effort in 1995 to encourage drilling in the Gulf of Mexico by offering oil companies a temporary break from paying royalties on the oil produced.The Interior Department said it “takes seriously” its responsibility to ensure that the American public receives a fair value for public resources.
Health|$260 Million Opioid Settlement Reached at Last Minute With Big Drug CompaniesThe deal involves large pharmaceutical distributors and Teva, resolving cases that sought redress from the devastation caused by two decades of opioid abuse.Polster summoned chief executives for the three major drug distributors to the Federal Reserve courthouse in Cleveland for negotiations on Friday.
The practice has consequence for climate change because natural gas is a potent contributor to global warming.The company also said it was not putting new wells in the area unless they had access to a gas pipeline, reducing the need to burn off or vent excess natural gas.
By the companies’ own estimates, a majority of those financial risks could start to materialize in the next five years or so.The disclosures show how business leaders expect climate change, and the policy responses to it, to ripple through every corner of the global economy.