Petrochemicals are an environmental and public health disaster. What you need to know. As we move towards zero-emissions and 100% clean energy, the oil and gas industry is launching a last-ditch effort to protect its profit, betting big on petrochemicals: toxic chemicals made from oil and gas that are used to make plastics, industrial chemicals, and...
At least of 25% of the billionaires who participated as representatives at COP28 have amassed their wealth through sectors like petrochemicals, mining, and beef production. The collective net worth of the 34 billionaires that were present totaled approximately $495.5 billion. Introduction The global community is currently facing twin conundrums of the escalating climate crisis and...
Food systems are responsible for at least 15 percent of all global fossil fuel consumption, according to a major report launched ahead of the COP28 climate summit. The analysis shows that the production, transport, and storage of food are driving greenhouse gas emissions equivalent to those of the EU and Russia combined. Ultra processed foods like snacks,...
The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new revenue streams to maximise earnings for the Gulf state. Like Gulf neighbours Saudi Arabia and Qatar, the UAE wants to exploit its fossil fuel resources...
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...