Word: amoco
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...really measuring carbon, and FAN and TNC can use those calculations - together with sophisticated satellite data - to work out precisely how much potential greenhouse gas is locked within Noel Kempff. That matters, because in 1997 TNC, U.S. utility companies American Electric Power (AEP) and PacifiCorp, and oil major BP Amoco paid Bolivia $10.8 million for the credits represented by all that carbon. In return, the government simply has to ensure that the forest remains standing and healthy for the next 30 years. It's called avoided deforestation, and projects like this may represent one of the most promising ways...
...united front won't always be enough to eclipse StatoilHydro's biggest rivals. After the megamergers of the late 1990s--such as Exxon with Mobil and BP with Amoco--the Norwegian firm ranks as only the 10th largest in the world in production. StatoilHydro might churn out 1.9 million bbl. per day, but that's less than half the daily output...
Still, a united front won't always be enough to eclipse StatoilHydro's biggest rivals. After the megamergers of the late 1990s - such as Exxon with Mobil and BP with Amoco - the Norwegian firm ranks as only the 10th largest in the world in production. StatoilHydro might churn out 1.9 million bbl per day, but that's less than half the daily output...
...winners and losers. It was a boon to the airlines, which got a break in their fuel bills. Shares of UAL, the parent of United Airlines, have gone up 12.5%, to 49 1/2. At the same time, oil-company stocks have been lagging behind the rest of the market. Amoco shares have slipped from a high of 70 1/4 to 62 1/4, and Mobil's stock has dropped from a peakof...
...January of this year, BP Amoco sold its $1.65 billion stake in PetroChina. The move came on the heels of a four-year campaign by black churches and human rights groups in the U.S. to boycott Amoco stations in protest of BP’s links to Sudan—although BP’s decision to drop the shares was likely made due to economic considerations and not humanitarian concerns...