Ignoring the potential threat of further sanctions, both Exxon and BP have strengthened ties with Russia’s state-controlled oil company, Rosneft, in deals that can also only be seen as bad news for the climate. Exxon’s and BP’s actions will also be frowned upon by Ukraine’s fledgling government. Despite the fact that Rosneft’s chief executive Igor Sechin is on the US blacklist , this did not stop Exxon and BP signing agreements with him at Russia’s equivalent of Davos, an international economic forum in St. Petersburg. At the forum, Sechin laughed off sanctions saying they “don’t seem so threatening any […]

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