Sustainability is about more than commitment -- it requires a top-down approach that begins with the CEO and involves the whole organization, says Pascual Berrone, a professor at IESE Business School in Madrid who has researched these issues. "We found that when there's a gap between a company's symbolic and substantive environmental actions, it negatively affects a company's perceived legitimacy, reputation, and market value," he says.
The goals of mindfulness help leaders improve focus and performance by emphasizing presence, awareness and intentionality, writes Alaina Love. Mindfulness also represents an ability to learn from failures and to be open-minded in what we witness rather than rush to judgment, she writes.
Concerns about how US sanctions against Iran and Venezuela affect oil supplies have pushed the price of Brent crude past $80 per barrel, the highest level since 2014. Despite calls from President Donald Trump for OPEC to increase production, members have not responded to an expected shortfall in supply once measures announced against Iran take effect in November.
The Pipeline and Hazardous Materials Safety Administration announced Monday that it's rolling back an Obama-era rule that would have required oil trains to install electronically controlled pneumatic brakes to improve safety. The PHMSA said the economic costs associated with installing these brakes outweigh the safety benefits.
US crude oil exports climbed by nearly 80% to 1.8 million barrels daily in the first half of 2018 from the same period last year, overtaking hydrocarbon gas liquids as the country's largest petroleum product export, reports the Energy Information Administration. The top destinations for US crude were China, Canada, Italy and the UK.
Houston-based offshore oil and natural gas producer Fieldwood Energy may launch an initial public offering early next year that could give the company a valuation of over $5 billion, according to a source. Fieldwood emerged from bankruptcy in April, two months after seeking Chapter 11 protection.
Six refineries in West Texas and New Mexico are enjoying margins of over $15 per barrel or $9 million per day, thanks to their direct access to cheap Permian Basin oil supplies, reports independent investment research firm Morningstar. Permian oil has been trading at a price differential of almost $19 per barrel to Houston crude due to infrastructure bottlenecks.
Enable Midstream Partners is holding a nonbinding open season to gauge shipper interest for the Gulf Run Pipeline, which would feed natural gas to an LNG export terminal on the Gulf Coast. The pipeline would come online in 2022.
MHI Vestas Offshore Wind has introduced a 10-megawatt offshore wind turbine and expects to begin delivering it in 2021. The model is part of MHI Vestas' V164 platform and features a stronger gearbox and some other changes from the 8-MW version.
Renewable Power Direct is testing a new program, Purely Green, that combines the procurement power of major companies like Intuit with residential and business demand for more access to wind and solar. The startup and Intuit, for example, have purchased a small block of output from EDP Renewables' Lone Star II project in Texas and are selling it for a competitive rate through retail energy company Just Energy.
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