When Texas companies say ‘no’ to climate-related job cuts
DALLAS — For years, the oil and gas industry has been struggling to find new markets, as companies have cut back on the number of employees they need to run operations, according to interviews with people involved in the industry.
But now, with the oil price plummeting and a host of environmental regulations on the horizon, the industry is looking for new sources of revenue.
“It’s a new day for companies,” said James Stokes, a Texas energy consultant.
Companies are now looking for ways to shift resources and employees to other countries, and there is a sense that they are now more focused on diversifying their operations than on keeping employees.
A recent survey by McKinsey & Co. found that 70 percent of the energy industry said they would consider a global move in the coming year, with more than half of the respondents saying they would look to expand to a third of their workforce.
This is the first time that companies have publicly announced that they would make cuts to their workforce, although a few companies have announced cuts in the past.
Exxon Mobil Corp., which employs about 3,000 people in Dallas, has been considering cutting staff to save money.
The company said it would invest $1 billion to expand operations in Nigeria and the Middle East.
Chevron Corp., the largest oil company in the United States, said it planned to cut staff to a range of 150,000 to 200,000 employees by the end of this year, to save $500 million, according the Wall Street Post.
Companies that are moving to the renewable energy industry, such as wind and solar, say they are having to shed employees.
“They are looking at the climate-sensitive work that they can do, and it’s changing our business models,” said Jim Hall, president of the American Wind Energy Association, an industry group.
But some energy experts worry that the industry will be less willing to spend money on climate-resilient jobs in the future. “
We have to have a strategy that puts people on the ground, is more resilient to climate change and climate change impacts.”
But some energy experts worry that the industry will be less willing to spend money on climate-resilient jobs in the future.
“In the coming years, we’re going to see companies that are more committed to their core operations being more vulnerable to climate impacts,” said David Shostak, a professor at Cornell University’s business school.
A major part of the shift in the energy sector is driven by changes in the laws and regulations governing how the industry operates. “
But that doesn’t mean it can’t find ways to do things like clean up its operations.”
A major part of the shift in the energy sector is driven by changes in the laws and regulations governing how the industry operates.
Under the Clean Air Act of 1970, companies are required to reduce emissions by 25 percent below 1990 levels by 2030, according a report from the National Association of Manufacturers.
And the Environmental Protection Agency issued new regulations that require companies to reduce carbon emissions by 40 percent below 2005 levels by 2025.
“I don’t think the industry has done a good job of communicating what they are actually doing and what the impact is going be,” said John Cone, a former adviser to the National Resources Defense Council.
“You are going to hear the industry say, ‘Well, we will do this and this and that.’
Many companies say they can afford to invest more in renewable energy sources, because the prices are so low. “
The reality is that we are not making a lot of progress in the clean-up, and I don’t see a lot happening in the near term.”
Many companies say they can afford to invest more in renewable energy sources, because the prices are so low.
The price of a kilowatt-hour of wind energy dropped to $11.50 in June, down from $14 in June 2016, according data from the Energy Information Administration.
And solar panels cost about $7.40 a watt in July, down $5 from July 2016.
Solar panel costs are expected to average $2.80 per watt in 2018.
Solar is not only cheaper than fossil fuels, but also more resilient.
The U.S. solar industry has recovered from the collapse of the solar industry in 2009, when the price of solar was $5.25 per watt, according TOEIC data.
The average cost of wind power, however, is about $60 per watt.
“Wind and solar have been very good performers over the last several years,” said Robert Romm, chief executive officer of the National Renewable Energy Laboratory.
That is a good news story.” “
When we look at the price, solar is really cheaper than wind, and wind is much cheaper than solar.
That is a good news story.”
Companies are also looking for other ways to make money.
Last year, Chevron cut its dividend to 15 cents per share, and Exxon Mobil