Climate change, a global concern that continues to challenge nations worldwide, is significantly impacting Nigeria’s energy market. As Africa’s largest economy and most populous country, Nigeria’s energy sector is a critical component of its overall economic stability and growth. However, the increasing effects of climate change, including erratic rainfall patterns, rising temperatures, and extreme weather...
Category: News
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Approving Rosebank oil and gas field would be ‘death sentence’ say activists
Approving the Rosebank oil and gas field in the North Atlantic would be a “death sentence”, climate activists have said. Regulators are considering granting the Norwegian company Equinor permission to begin exploiting one of the largest reserves of fossil fuels in the region. It would see up to 500 million barrels of oil pulled out...
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Climate Change Likely Why Dangerous Fungus Spreading Fast, Scientists Say
In 2016, hospitals in New York state identified a rare and dangerous fungal infection never before found in the United States. Research laboratories quickly mobilized to review historical specimens and found the fungus had been present in the country since at least 2013. In the years since, New York City has emerged as ground zero...
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Why is the UAE hosting COP28?
“Detention in horrific conditions, torture, deportation [and a] criminal conviction.” These are the risks climate activists could face if they protest at COP28, the international climate conference to be hosted by the United Arab Emirates in December, says human rights lawyer Ben Keith. Keith, who qualified as a UK barrister in 2004, focuses on a...
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Climate change disasters caused US$36B loss in Asia in 2022: Report
The frequency and intensity of extreme weather events, such as droughts and large-scale floods, and other climate change impacts are increasing in Asia, which is warming faster than the global average, the World Meteorological Organization said in a report published Thursday. Asia is the world’s most disaster-impacted region, with 81 weather, climate and water-related disasters...
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ADNOC has upper hand in $30 billion plastics M&A
LONDON, July 24 (Reuters Breakingviews) – A merger of two companies can be a headache; a merger of two countries even more so. The state-owned Abu Dhabi National Oil Company (ADNOC) and $15 billion OMV (OMVV.VI), 32% held by the Austrian state, are in talks to merge the two petrochemical companies they cross-hold, Borouge (BOROUGE.AD) and Borealis, into an entity...
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Insight: Obscure traders ship half Russia’s oil exports to India, China after sanctions
A Liberian-flagged oil tanker set sail in May from Russia’s Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands. The new owner of the 100,000 tonnes of Urals crude carried on the Leopard I was...
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Climate Change is Changing How We Dream
Mrtha Crawford started having climate change dreams about 11 or 12 years ago. Unlike many of her previously remembered dreams, these were not fragmented or nonsensical—they were “very explicit,” she recalls. “They didn’t require a lot of interpretation.” In one, she’s reading a textbook about climate change and then throws it behind the back of her couch,...
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Trump made at least $9.6 million from the Middle East while president
Donald Trump made at least $9.6 million from countries in the Middle East during his presidency, according to years of reporting and a CREW analysis of his tax returns. That means Trump pulled in at least six times his official presidential salary in side income from the Middle East alone during his time in office....
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The countries still doing business with Russia as the Ukraine war rages
Putin’s friends Many governments have slapped punishing sanctions on Russia, stopping or severely limiting trade with the now essentially pariah state. Yet several nations continue to do business with and in Russia, indirectly funding Vladimir Putin’s war in Ukraine. Read on as we reveal the countries carrying on as usual, or even strengthening their ties. All dollar amounts in US...