Africa Emerges as Next Big Oil Investment Destination with 35% of New Finds in 2024
Africa accounts for 35% of new oil discoveries in 2024, up from 7% in 2023, with frontier and immature basins driving exploration activity.
Elliot Kim
The tech industry is witnessing a significant rollback of diversity, equity, and inclusion (DEI) commitments as companies respond to legal and political threats from the Trump administration. In recent weeks, Attorney General Pam Bondi instructed the Department of Justice to "investigate, eliminate, and penalize" DEI programs deemed illegal in private sector companies that receive federal funds. This move has prompted many tech giants to reevaluate their DEI initiatives, with some companies choosing to eliminate or significantly reduce their diversity efforts.
The reaction to the government's anti-diversity push has taken many forms. NASA has started to scrub mentions of terms like "environmental justice" or "anything specifically targeting women" from its documents, while PBS has shuttered its DEI office. In corporate America, companies like McDonald's, Harley Davidson, and Walmart have announced rollbacks to their DEI policies. Goldman Sachs has also ditched its requirement for corporate boards filing to go public to include women and people of color.
However, not all companies are retreating from their DEI commitments. Apple, Costco, Delta, McKinsey, and JPMorgan have indicated a commitment to sticking with their diversity efforts. In a recent meeting, Apple's shareholders rejected a proposal from a conservative group to strike DEI compliance from the company's policies. Apple had previously advised its shareholders to vote against the proposal.
A review of tech companies' 10-K filings reveals a trend of scrubbing mentions of DEI from their reports. Companies like Tesla, Gamestop, Workday, and Salesforce started removing DEI mentions from their filings last year, and this trend has accelerated in 2025. Amazon, for instance, removed a post from 2021 that expressed a focus on DEI and eliminated some mentions of diversity from its latest annual 10-K report.
Google is also reevaluating its DEI initiatives, eliminating diversity hiring targets and reviewing its diversity reports. The company has updated its 10-K filing, making no mention of diversity in its latest report. Late last year, Google removed many cultural events from the default Google Calendar.
Other companies are taking a more nuanced approach. IBM still has its inclusion page up, and although it received a request from a shareholder to drop its DEI pay incentive targets, the company has moved to block the proposal. Intel has cut back some of the language about DEI on its recent 10-K filing and removed some diversity targets, but its website still states that "diversity and inclusion are among the most important forces driving the company's evolution and reinvention."
Meta is eliminating some DEI programs targeting hiring, suppliers, and training, according to a leaked internal memo. The company has also eliminated its DEI team and ended representation goals to eliminate any impression "that decisions are being made based on race or gender." Microsoft released its 2024 inclusion report in October, where CEO Satya Nadella reiterated the importance of a diverse workforce, but the company laid off its internal DEI team in July due to "changing business needs."
NVIDIA still has its "diversity, inclusion, and belonging" page up and released its 2024 Sustainability Report, which has a section dedicated to "people, diversity and inclusion." OpenAI quietly changed its "Commitment to Diversity" webpage to now read "Building Dynamic Teams," removing all mention of diversity and inclusion. Oracle still has its "Culture and Inclusion" page up, which reads that "diverse perspectives make our teams stronger and empower collaboration."
Salesforce, despite scrubbing mention of its diversity targets in its 2023 10-K filing, still released a 2024 "equality update." In that update, the company reiterated its commitment to diverse representation and how much more it still needs to achieve. CEO Marc Benioff recently stated that he would stand by his employees amid the Trump administration's anti-DEI orders.
Tesla, whose CEO Elon Musk is an outspoken critic of DEI, scrubbed mention of diversity, equity, and inclusion from its 10-K last year. The company only released one diversity, equity, and inclusion report, back in 2020. Workday erased mention of diversity targets in its 2023 10-K form, but its DEI page is still up on the website, stating that "diversity isn't just a business imperative. It's core to everything we do."
Zoom laid off its DEI team during a round of layoffs last year, telling staff it would work with external consultants who will engage "all of our employees," while focusing on "inclusion." The company doesn't appear to have released a diversity report since 2022, the first of which came out in 2020, according to its website.
The rollback of DEI commitments in the tech industry has significant implications for the future of diversity and inclusion in the workplace. As companies respond to political and legal pressures, it remains to be seen how this trend will impact the industry's ability to attract and retain diverse talent. One thing is clear, however: the tech industry's commitment to diversity, equity, and inclusion is being put to the test like never before.
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