Title: Top 4 Oil Companies That Protect the Environment
Headings: Top 4 Oil Companies That Protect the Environment
Top 4 Oil Companies That Protect the Environment
BP PLC
Petroteq Energy Inc.
Royal Dutch Shell PLC
Total S.A.
The Bottom Line

Content: According to BP's press releases and company website, the European oil giant is engaged in water cleanup, greenhouse gas reductions, building more efficient technologies, and it is "working to minimize the controlled burning of gas, known as flaring." In terms of past performance, BP's spill stands out as a major negative; in terms of present activity, BP is very active when it comes to environmental protection. For example, in one of its projects in Indonesia, where BP was planning a LNG pipeline, land assessments showed the project was too close to a mangrove habitat, so BP moved the location and changed the type of drilling to avoid the habitat. That being said, oil companies will always be concerned with the profitability of their business and delivering positive results to their shareholders. In February 2020, it came to light that BP lobbied President Trump to weaken certain environmental laws in the National Environmental Policy Act (NEPA), which would make it easier for the company to build infrastructure projects by bypassing certain federal requirements. Petroteq Energy Inc.
Petroteq Energy ( PQEFF) is a clean technology company with proprietary technology for soil remediation and oil extraction. It started looking at different ways to process oil sands in 2010. It opened an oil facility in Utah in 2014, using a cheaper process than its industry rivals and what the company describes as "benign chemicals" to separate oil from sand. Its proprietary process "produces zero greenhouse gas, zero waste, and requires no high temperatures."