Exxon Mobil Corp. plans to invest $50 billion over five years to expand its U.S. oil-and-gas production facilities, the company said on Feb. 2, when it released its 2017 results, which included $8.4 billion in fourth-quarter earnings and $19 billion in income for the year.
With the federal government taking a back seat on climate change, states and cities are accelerating initiatives to control emissions through CO2 cap-and-trade programs and carbon-use taxes.
In a bid to shed non-profitable operations, Stockholm-based contracting giant Skanska AB will reduce its global workforce by 3,000, new CEO Anders Danielsson said on Feb. 2.
Conflict-of-interest rules are a part of the backbone of public works, eliminating potential corruption, holding down costs and helping to keep up public support.