A “toxic triangle” of political inaction, short-sighted economic policies and profit-driven fossil fuel advocates threaten to raise global temperatures, leaving 400 million people in jeopardy of hunger and drought by 2060, Oxfam UK warned on Friday.
Kiev and Moscow have failed to resolve their gas supplies dispute, Ukrainian President Petro Poroshenko said after meeting Russia’s leader. According to Putin, only an agreement for winter supplies has been reached, but details are still to be worked out.
The development of South Stream gas transit to Europe is essential in providing energy security for Europe, but Ukraine is still a thorny obstacle that may cause disruptions, and alternative routes are needed, Russian President Vladimir Putin has said.
The UK has blocked a $6.4 billion deal by Russian billionaire Mikhail Fridman to attain North Sea gas fields, as part of its ongoing sanctions package against Russian businessmen and investors believed to have close ties with President Vladimir Putin.
Trying to isolate Russia with sanctions and restrictive measures is “an absurd and illusory goal,” Russia’s president has said. Moscow intends to “further deepen” cooperation with EU partners, Vladimir Putin told the Serbian newspaper, Politika.
The presidents of Russia and Ukraine are to meet at a business breakfast in Milan on Friday, with the fragile peace in Ukraine and gas supplies to Europe expected to dominate. The summit carries hopes of further progress in resolving the crisis.
A proposed UK amendment to existing European shale gas regulation would allow fracking firms to put “any substance” under people’s properties and leave it there, prompting anger among environmental groups.
Industry illegally injected about 3 billion gallons of fracking wastewater into central California drinking-water and farm-irrigation aquifers, the state found after the US Environmental Protection Agency ordered a review of possible contamination.