Activist shareholders

Scoop: Oil producer EOG Resources commits to methane target

Excess natural gas is burned off at a well in Texas.
Flaring, burning excess natural gas, is happening all over Texas. (Photo: Robert Daemmrich Photography Inc/Corbis via Getty Images)

HOUSTON — Facing investor pressure, one of America’s biggest oil producers has committed to setting targets to reduce emissions of methane, a potent greenhouse gas, from its oil and gas wells.

Why it matters: The move by Houston-based EOG Resources represents the latest in a growing trend of oil companies working with investors on increasing transparency and commitment to addressing climate change.

Uber and Lyft IPOs to usher in new wave of climate pressure

In this illustration, a hand motions to stop the exhaust coming from a car. There is a pink background.
Illustration: Sarah Grillo/Axios

Planned IPOs by Uber and Lyft will likely lead to pressure from shareholder activists who want the ride-hailing giants to act more aggressively on stemming carbon emissions.

Why it matters: The IPOs come as some analysts fear that the growth of ride-hailing is siphoning riders from more climate-friendly mass-transit options and adding to congestion.

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