Home » Resource Database Case Study Chevron’s Gulf of Mexico Plans Caught in Legal Battle Over Protecting Rare Whale Authoring Organisation BloombergNEF Publish Date 2024 Geography Mexico United States of America Download Case Study (Chevron’s Gulf of Mexico Plans Caught in Legal Battle Over Protecting Rare Whale)(This link will take you to an external website) About this Case StudyThe case study details the legal challenges brought against Chevron’s expansion plans in the Gulf of Mexico due to the potential impact on an endangered whale species, which resulted in financial and operational uncertainties for the company. The study also explores the broader implications for the oil and gas industry operating in sensitive marine environments. Key outcomesChevron faced legal challenges for its expansion of oil and gas activities in the Gulf of Mexico, which compromises the habitat of the endemic Rice’s whale. The development delays threatened up to USD 49.6 million in revenue. In the long term, Chevron’s assets in the Gulf of Mexico may be at risk of becoming impaired or incurring costs if environmental law to protect the critically endangered whale is strengthened. The case study highlights the need of comprehensive understanding of nature-related impact and stakeholder engagement in the energy sector. Download Case Study (Chevron’s Gulf of Mexico Plans Caught in Legal Battle Over Protecting Rare Whale)(This link will take you to an external website) Related resources Bernard Matthews’ Balance Sheet and Reputation Struck by Bird Flu BloombergNEF | 2024Location: United KingdomCase Study The case study explores the physical risks associated with disease outbreaks in the poultry industry. It details the avian influenza outbreak at Bernard Matthews' facilities, the company's response and the subsequent financial and reputational damage. Chevron’s Gulf of Mexico Plans Caught in Legal Battle Over Protecting Rare Whale BloombergNEF | 2024Location: Mexico, United States of AmericaCase Study The case study details the legal challenges brought against Chevron's expansion plans in the Gulf of Mexico due to the potential impact on an endangered whale species, which resulted in financial and operational uncertainties for the company. The study also explores the broader implications for the... CMA CGM Penalized for Nature Threats Posed by Untreated Ballast Water BloombergNEF | 2024Location: Global, United States of AmericaCase Study Container shipping company, CMA CGM, faced legal and policy risks associated with non-compliant ballast water. The case study explains the potential ecological impact of invasive species spread due to untreated ballast water and the resulting legal penalties. Related publications Additional sector guidance – Oil and gas Guidance on scenario analysis Related webinars Diving Into Oceans Data: New technologies and implications to support corporate reporting September 4, 2024 (Updated: September 4, 2024) The session was moderated by Tony Goldner and focused on how innovative data collection methods and metrics are revolutionizing the Blue Economy and informing corporate reporting in alignment with the Taskforce on Nature-related... Nature-related futures – the TNFD’s approach to scenarios for corporates May 22, 2023 (Updated: September 18, 2023) This webinar discusses the TNFD’s draft approach to scenarios, and hears from Carrie Houtman, the Taskforce Member from Dow, on the results of Dow’s pilot test of the approach to scenarios. The webinar includes the lessons...