Bloomberg Exxon Mobil Corp. plans to reduce the amount of natural gas it burns as waste by a quarter within two years to reduce climate-changing emissions, something long demanded by environmental groups and activist investors. Efforts will be focussed on oil wells off the coast of West Africa, Exxon said in a statement. In that region and others, gas produced …

Bloomberg Generators that provide capacity to the largest US power grid are going to get paid a lot more for guaranteeing electricity when the market needs it.Suppliers to PJM Intercon nection LLC — which serves more than 65 million people from Chicago to Washington — will receive $140 a megawatt-day for the year starting in June 2021, up 83% from …

Bloomberg JPMorgan Chase & Co. is expanding its oil and gas group with two hires from Morgan Stanley. Jonathan Cox is joining the New York bank as global co-head of oil and gas investment banking and co-head of its Houston office, according to an internal memo obtained by Bloomberg and confirmed by a spokeswoman. Michael Johnson is joining as a …