Stanley Reed

In an undated image, the Captain Platform, owned by Chevron, in the North Sea, northeast of Aberdeen, Scotland. While the money is rolling in once again for international oil giants, company boards are wary of approving the long term, multibillion-dollar projects that used to be oil industry staples. (Chevron North Sea Ltd. via The New York Times)

Oil industry is booming, but nervous

Concern over fossil fuels is putting pressure on the business that’s likely to increase, hindering investment in new finds that may be needed to satisfy...