Day: June 5, 2020

Fossil fuel profits could drop by $25T as demand falls

June 5, 2020

Falling demand and rising investment risk is likely to slash the value of oil, gas and coal reserves by $25 trillion, sending shock waves through the global economy by hitting companies, financial markets and countries reliant on exports, according to a new report from Carbon Tracker, an independent financial think-tank. Carbon Tracker’s Decline and Fall: […]

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Turkish startup creates products from organic waste

June 5, 2020

Turkish startup Ottan Studio has produced a range of furniture and decorative items made from up-cycled organic materials, which will be available for sale online next week, the startup, which is committed to promoting sustainability, said Friday. With the motto “Don’t produce waste, consume it!” Ottan Studio has made a name for itself converting food […]

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OPEC, allies to meet on June 6: Russian Energy Ministry

June 5, 2020

The Organization of Petroleum Exporting Countries (OPEC) and its non-OPEC oil-producing allies will meet Saturday to discuss their oil production cut agreement, the Russian Ministry of Energy said in a statement on Friday. OPEC and the group dubbed as OPEC+, which includes 23 oil-producing nations, will hold their respective meetings on June 6 — this […]

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Russian share of Turkish gas imports falls as LNG rises

June 5, 2020

Greater natural gas price competition and the increased share of renewables and local resources in Turkey have seen the reduction of Russia’s share of Turkey’s natural gas imports. Statistics compiled from the Turkish Energy Market Regulatory Authority show that Russia’s share of Turkey’s natural gas imports decreased from 52% in 2017 to 33% in 2019. […]

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UAE jails activists over trumped-up charges

June 5, 2020

Activists demanding democratic reform in the UAE have been imprisoned by the Gulf state on charges of “strategic security threats” for years. The UAE, a federation consisting of seven emirates, has been diversifying its economy with tourism, trade centers, and banks as well as its important oil revenues. Although the country has been trying to […]

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UAE airstrikes kill 2 Libyan Army soldiers

June 5, 2020

Two Libyan Army soldiers were killed on Friday in an airstrike by a United Arab Emirates (UAE)-made drone in northwestern Libya, according to an army spokesman. The UAE drone attacked Libyan army units along the Abu Qurayn front in Misrata province, Mustafa al-Majei, a spokesman for the Burkan Al-Ghadab (Volcano of Rage) Operation, told Anadolu […]

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Ethiopia: 2nd season green thumb launched

June 5, 2020

People Friday in the cosmopolitan city of Addis Ababa took to tree planting sites as Ethiopia launched its second season of a massive afforestation campaign. Dubbed “Green Legacy”, the campaign sets out to plant 5 billion tree seedlings across the country in this second round that will last for the whole rainy season of June, […]

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ANALYSIS – Europe’s condemnation of racism in US warrants a look in the mirror

June 5, 2020

The killing of African American George Floyd by a white police officer in the United States has precipitated a wave of anti-racism demonstrations across the US and worldwide. Europe was no exception, as thousands of people took to the streets in Berlin, Paris and London, decrying police violence and racial injustice. The killing has caused […]

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