The world’s largest energy companies are sidelining big ideas, like ultra-deep water development, floating LNG factories and carbon-capture projects, that they touted just a couple of years ago as the industry’s future.
Shares of two of the world’s biggest mining companies continued to plummet Wednesday after Brazilian federal prosecutors hit them with a $44 billion lawsuit in response to a catastrophic dam collapse in November.
Britain’s flirtation with leaving the European Union is as puzzling as Greece’s desire to stay. After all, Britain’s economy has done quite well inside the bloc while Greece’s has been decimated. What explains both sentiments, WSJ chief economics commentator Greg Ip writes, is that the European project has always been about more than economics.