Economy & Business

"OPEC Reaffirms Slightly Higher Oil Output"

"With President Biden preparing to visit Saudi Arabia in July, the kingdom and its oil-exporting allies ratified slightly elevated crude oil output while waiting to see whether additional spare capacity would be needed to deal with sanctions on Russia or output disruptions in countries such as Libya or Nigeria."

Source: Washington Post, 07/01/2022

"Court: Land Swap For Ariz. Mine Doesn’t Violate Tribal Rights"

"A federal appeals court ruled that a federal land swap giving a Native American tribal holy site in Arizona to a private mining company so it could be the site of a copper mine would not violate the tribe’s religious freedoms."

Source: E&E News, 06/28/2022

Bank Group Accused Of Loopholes And ‘Greenwashing’ In Climate Pledge

"Banks that have signed up to a global climate pledge, led by Mark Carney, a former governor of the Bank of England, can still invest unlimited amounts in coal mining and coal power, despite promises to tighten the rules on their lending."

Source: Guardian, 06/16/2022

"Russia’s Oil Revenue Soars Despite Sanctions, Study Finds"

"Russia’s invasion of Ukraine triggered global condemnation and tough sanctions aimed at denting Moscow’s war chest. Yet Russia’s revenues from fossil fuels, by far its biggest export, soared to records in the first 100 days of its war on Ukraine, driven by a windfall from oil sales amid surging prices, a new analysis shows."

Source: NYTimes, 06/15/2022

Pages

Subscribe to RSS - Economy & Business