Under fire after a string of high-profile disasters, mining firms are shaking up their boardrooms in response to criticism that they are failing to meet their own environmental, social, and governance standards. Shareholders are demanding change from an industry whose reputation has been battered by deadly collapses of mine waste storage facilities in Brazil, and Rio Tinto's destruction of sacred rock shelters in Australia. Companies are responding with changes to the structure and skillset of their senior management - a shift investors and governance experts say is sorely needed to mitigate risk in an inherently hazardous industry.
Nearly half of all oil pipelines from the Permian basin, the biggest U.S. oilfield, are expected to be empty by the end of the year, analysts and executives said. Pipeline companies went on a construction spree throughout 2018 and 2019 to handle blistering growth in U.S. crude production to a record 13 million barrels per day (bpd). Major pipeline companies are exploring ways to ship other products in those lines and considering selling stakes in operations to raise cash.
Reeta Chakrabarti rejects Jeremy Paxman’s claim ‘any fool’ can read news. The BBC presenter did not agree that newsreading is a job for ‘an articulated suit’