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Earlier this month, Energy Minister Rocio Nahle said two onshore auctions scheduled for February would be canceled. Mexico’s oil regulator later said auctions due at the same time for the right to partner with Pemex on seven onshore contracts had been postponed until next October. In the past three years, Pemex has inked three joint ventures, including one with Australia’s BHP Billiton for the deepwater Trion project. While Pemex cedes control on these projects, it attracts significant investment from partners without having to pledge much of its own funding during the initial phase.

PARIS (Reuters) - Renault (RENA.PA) requested a full Nissan shareholder meeting, a source close to square lined cufflinks the company said - appearing to escalate the carmaker’s standoff with its Japanese alliance partner in the wake of the pay scandal engulfing Chairman and CEO Carlos Ghosn, Thierry Bollore, the French group’s deputy CEO, issued the demand in a Dec, 14 letter to Nissan, the source said on Sunday, confirming a report in the Wall Street Journal, “We respectfully ask that the board consider calling an extraordinary general meeting of Nissan shareholders as promptly as practicable,” Bollore wrote in the letter..

A Renault spokesman declined to comment. Ghosn’s arrest in Japan for alleged financial misconduct has shaken the Renault-Nissan-Mitsubishi alliance, with Nissan CEO Hiroto Saikawa calling for changes to weaken Renault’s control. Renault owns 43.4 percent of Nissan, whose reciprocal 15 percent stake in its French parent carries no voting rights. Nissan in turn controls Mitsubishi via a 34 percent holding. The call for a shareholder meeting will likely be seen as an attempted show of force by Renault’s interim management, led by Bollore and Mouna Sepehri, Ghosn’s long-standing chief of staff who also heads legal affairs and communications.

The letter made no mention of using the shareholder meeting to hire or fire square lined cufflinks Nissan board members but remained vague about its purpose, saying only that it would “allow for appropriate disclosure and discussion of governance and other matters”, It added that the indictment of Nissan “creates significant risks to Renault, as Nissan’s largest shareholder, and to the stability of our industrial alliance”, At a Dec, 13 Renault board meeting, directors were briefed on the Nissan investigation that led to Ghosn’s arrest, He was charged alongside Nissan this week over the company’s failure to declare $43 million in deferred income he had arranged to receive, He and alleged accomplice Greg Kelly remain in custody..

While Nissan ousted Ghosn days after his arrest, the Renault board reiterated its earlier decision to keep him in office. Directors have yet to be given access to the Nissan findings, which are being closely held by Renault lawyers. Bollore’s demand for a Nissan shareholder meeting was a “management decision” that was not raised at the previous day’s board session, the company source said, adding that it had been discussed subsequently with “all of the directors”.

NEW YORK (Reuters) - A number of institutional investors in ExxonMobil Corp (XOM.N) have said they will file a shareholder resolution which calls on the world’s largest oil company to set targets for lowering its greenhouse gas square lined cufflinks emissions, The call, led by the New York State Common Retirement Fund (NYSCRF) and the Church Commissioners of England (CCE), comes in the wake of shareholder moves at other major energy firms seeking to make them more responsive to climate change and its impact on the business..

The statement released on Sunday by the CCE asked Exxon to disclose, for the first time, short, medium and long-term targets to reduce greenhouse gas emissions from both its operations and the use of its products. “We want to see ExxonMobil develop a clear strategy for long-term sustainability, in line with international commitments for a safer climate,” Edward Mason, head of responsible investment for the CCE, said in the statement. Thomas DiNapoli, New York State Comptroller and Trustee of the New York State Common Retirement Fund, added: “The world is transitioning to a lower carbon future and Exxon needs to demonstrate its ability to adapt or risk its bottom line along with investors’ confidence.”.

Exxon did not immediately respond to a request for comment, The pair have previously teamed up to pressure Exxon on environmental square lined cufflinks issues, including on a shareholder resolution in 2017 which asked the company to disclose the impact of measures to combat climate change on its business, The NYSCRF and CCE are joined in the latest initiative, which will be filed for a potential vote at Exxon’s shareholder meeting in the spring of 2019, by other funds including the California Public Employees’ Retirement System (CalPERS), and HSBC Global Asset Management, the statement added..

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