oil
Big banks have financed fossil fuels with nearly $7 trillion (€6.5 trillion) since the Paris Agreement, a new report has found. The 15th annual Banking on Climate Chaos (BOCC) report looked at how the top 60 private banks in the world are underwriting and lending to over 4,200 fossil fuel firms, and financing companies causing the degradation of the Amazon and Arctic. Their research found that, since the Paris Agreement to limit global warming was signed in 2016, these banks have financed fossil fuels with $6.9 trillion (€6.4 trillion). The report says $3.3 trillion (€3 trillion) - almost half...
Euronews (English)
32-year-old green energy entrepreneur Yetunde Fadeyi will never forget what inspired her to start a clean energy company in Nigeria. As a six-year-old, Fadeyi’s best friend, Fatima, was killed by carbon monoxide poisoning in her Lagos home, along with her father and pregnant mother. “She often came over for sleepovers. But that day she didn’t,” says Fadeyi. “It was the time that they were stealing people’s generators, so they kept [the generator] in an enclosed area and by the time it was morning they were dead.” Petrol-powered generators like the one Fatima’s family had are valuable assets be...
Euronews (English)
The drone attack was part of a series orchestrated by Ukraine targeting Russia, which caused explosions and fires at several fuel refineries, also cutting electricity supplies. A fire erupted at a fuel facility in Nizhny Novgorod when several drones reportedly hit the Kstovo industrial area, according to local governors. RIA state news agency reported that Russian air defence systems reacted to 25 drones launched from Ukraine over several regions across Russia. No casualties were reported. Russian shelling struck a home and vehicle in Ukraine's southern Kherson region killing one person and in...
Euronews (English)
Some members of oil cartel OPEC, led by Saudi Arabia, and allied producers like Russia are again deepening their voluntary crude supply cuts. Announcements from several OPEC+ countries extend reductions of some 2.2 million barrels a day, the secretariat for the multinational organisation noted Sunday. Saudi Arabia led the pack by extending its previously implemented cut of 1 million barrels daily through the end of 2024's second quarter. Lower oil and natural gas prices hit Eni's earnings in the fourth quarterMiddle East tensions fuel chances of oil price surgeBig oil rewards execs for increas...
Euronews (English)
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