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UN chief wants clean energy investments doubled by 2020

UNITED NATIONS — The U.N. secretary-general on Wednesday challenged investors around the world to at least double their investments in clean energy by 2020, saying that “we must begin the shift away from fossil fuels immediately.” Ban Ki-moon told an investor summit on climate risk that increasing investment in clean energy is critical in following up on the landmark agreement ...

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Iran eyes $185 bln oil and gas projects after sanctions

VIENNA – Iran on Thursday outlined plans to rebuild its main industries and trade relationships following a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020. Iran’s Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh said the Islamic Republic would focus on its oil and gas, metals and car industries ...

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Oil bosses break long climate silence with urgent initiative

LONDON – For an industry used to cautious, long-term evolution, the speed at which leaders of Europe’s biggest oil and gas companies moved to take a joint stand in the climate debate speaks volumes. Discrete talks in the eyrie of Davos in January led to a spontaneous, light bulb moment on a stage in Oslo in February. The result: a ...

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Yemenis displaced, forced from homes as conflict worsens

SANAA, Yemen — Street battles and air raids are driving more and more Yemenis from their homes, the United Nations said Tuesday as the worsening conflict forced the impoverished Arabian Peninsula country’s liquefied natural gas company to shut down production. The U.N. Office for the Coordination of Humanitarian Affairs said estimates show that over 121,000 people had been displaced inside ...

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Oil prices edge lower as Iran talks extend beyond deadline

SINGAPORE – Oil futures edged lower on Wednesday amid speculation that a last-minute deal over Iran’s nuclear program would be reached that could allow more Iranian crude onto world markets. Talks between Iran and six world powers to settle a dispute around Tehran’s nuclear program extended beyond a Tuesday deadline, as the parties edged towards a deal but failed to ...

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US offer for climate treaty: Up to 28 percent emissions cut

WASHINGTON — In a highly anticipated announcement, the United States will offer a roughly 28 percent emissions cut as its contribution to a major global climate treaty nearing the final stages of negotiation, according to people briefed on the White House’s plans. The U.S. plans to announce its commitment Tuesday, the informal deadline for nations to submit their contributions to ...

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UN: Israel owes Lebanon $850 million over 2006 oil spill

Israel has been in hot water in recent weeks for its massive oil spill in the Arava desert. Although the latest spill is being dubbed the young nation’s worst ecological disaster, it is not the only spill Israel is dealing with at the moment. An incident which occurred in 2006 during the war against Hezbollah has risen to the surface ...

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Greenpeace in hot water after vandalizing Peruvian Nazca lines

On Tuesday, Peruvian officials stated that the country will seek criminal charges against Greenpeace activists who damaged the world-renowned Nazca lines by leaving footprints in the neighboring desert during a climate activist publicity stunt. The Associated Press reported today that the activists entered a “strictly prohibited” area beside the famed figure of a hummingbird, the Culture Ministry said in a ...

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