ENERGY (MSM)

Conoco changes bylaws to allow proxy access: filing

ConocoPhillips , the largest U.S. independent oil and gas company, on Tuesday said its board amended its bylaws to allow minority shareholders to nominate directors. Investors led by New York City Comptroller Scott Stringer had pushed hard for so-called proxy access at 19 oil companies, arguing that shareholders should have the right to nominate climate experts to board seats. The aim of the campaign was to demand more accountability from

EPA hasn't decided if new software on 2016 VW diesels is legal

U.S. regulators haven’t determined the legality of a new emission-control device on Volkswagen’s 2016 diesel models, a top official said on Tuesday. The existence of the new software was made public last week by VW’s top U.S. executive in testimony to a congressional subcommittee investigating the German automaker’s diesel cheating scandal. “We have a long list of questions for VW,” said EPA Assistant Administrator Janet McCabe at a media briefing

Canadian minister rejected Arctic drilling review warning: memo

By Mike De Souza CALGARY (Reuters) – Canada’s Conservative government rejected advice from its bureaucrats warning it was “inappropriate” to use a sole-source contract to hire a consultant to review the country’s Arctic drilling legislation, according to a memo obtained by Reuters. The memo, released under Canada’s Access to Information Act, was prepared for Aboriginal Affairs and Northern Development Minister Bernard Valcourt by his department. Canada is reviewing Arctic drilling

Wall St. flat as investors await bank earnings

Chevron’s 1.2 percent fall to $88.56 made it the biggest drag on the Dow Jones industrial average . “I think it will be a generally very quiet day and investors will be content to sit on the sidelines today and wait for more earnings numbers tomorrow and some economic data,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. At 10:59 a.m. ET, the Dow was down 2.84