As much as 70 percent of the more than 100,000 jobs lost in the U.S. oil, gas, and chemicals industries due to the pandemic may not return by the end of 2021. That’s according to an analysis from Deloitte, which notes that since the previous oil price crash of 2014, employment in the sectors has become much more sensitive to changes in crude oil prices.
Bloomberg News says Exxon Mobil is planning to increase annual carbon-dioxide emissions, citing an analysis of leaked internal documents. Exxon's assessment of its $210 billion long-term investment plan shows yearly emissions rising 17% by 2025.
Southwest Airlines is asking the company’s labor unions to accept pay cuts for the first time to prevent furloughs and layoffs through the end of next year. CEO Gary Kelly, who had been receiving reduced pay since March, says he will forgo his salary altogether through the end of next year.
