Fossil fuels
Shell to Sell Nigeria Onshore Oil Business for Up to $2.4 Billion
Updated Jan. 16, 2024 5:42 am ET Shell has agreed to sell its Nigerian onshore oil subsidiary for up to $2.4 billion, making good on a promise to exit what was for decades one of its most dependable cash cows but in recent years has become a big drag on its reputation. The London-based energy … Read more
Armed, Uniformed Men Divert Oil Tanker to Iranian Waters
Updated Jan. 11, 2024 7:58 am ET Armed, uniformed men boarded an oil tanker off the coast of Oman that has been at the center of a dispute between Iran and the U.S. and changed its course toward Iranian waters on Thursday, according to maritime intelligence firms, marking a further escalation along shipping routes in … Read more
The secret plan to ‘hook’ the developing world on oil – podcast | News
Delegates from every country in the world are meeting today at the beginning of the Cop28 climate talks in Dubai, hosted by the United Arab Emirates. The scale of the challenge ahead of them is immense: phasing out the fossil fuels that power the global economy before a planetary tipping point is reached. As the … Read more
Welcome to COP28, the U.N. Climate Conference Hosted by an Oil Giant
Listen to article (2 minutes) Dubai, a desert city known for private jets, giant yachts and other symbols of carbon-heavy high living, is an awkward location for a conference on climate change. It’s hardly a surprise that the man in charge also runs the national oil company. Hosting the United Nations’ annual climate confab—known as … Read more
Climate negotiators reach framework to aid vulnerable countries
Poor nations had sought specific language making clear the burden for funding falls on wealthy nations that built their economies by burning fossil fuels — and have released the bulk of greenhouse gases in the atmosphere today Jennifer A Dlouhy and John Ainger; Bloomberg 06 November, 2023, 08:55 am Last modified: 06 November, 2023, 11:49 … Read more
Where Is the Stock Market Headed? Big Money Pros Weigh In.
This year has posed an unusual array of challenges for investors, and more could be in store. The major stock market indexes are still up in 2023, powered by a narrow slice of technology stocks, but have been losing ground rapidly. Bond yields have risen sharply, topping 5% on some government debt. The economic outlook … Read more
Green champion King Charles appears at odds with Rishi Sunak – POLITICO
Press play to listen to this article Voiced by artificial intelligence. Walter Ellis is a Northern Ireland-born, France-based journalist and commentator. He’s the author of “The Beginning of the End: The Crippling Disadvantage of a Happy Irish Childhood.” The thoughts of Henry VIII, king of England from 1509 to 1547, on the subject of today’s … Read more
Driving The ‘Loneliest Road In America’ In An Electric Car
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. AFP via Getty Images Electric vehicles are fun and fast to drive and have the added benefit of no tailpipe exhaust or carbon pollution. But driving them cross … Read more
Sage Stock Sinks After FDA Decision on Depression Drug
A split Food and Drug Administration decision on a new depression medicine from Sage Therapeutics and Biogen blew holes in the strategies of both companies and raised questions about the future of their collaboration. Late on Friday, the FDA approved a two-week course of the pill Zurzuvae as a treatment for postpartum depression, but not … Read more