Saudi Arabia wants to use lower oil prices to pressure Russia to change its stance on Syria, to antagonize Iran, and to force US shale gas out of the market, roving correspondent for the Asia Times Pepe Escobar told RT.
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.
State-owned oil company Rosneft and billionaire Arkady Rotenberg have filed a case in the European Court of Justice against the European Council challenging its decision over sanctions, according to papers filed with the court.
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.
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.
LEGO has announced it will not renew its contract with Shell ending a 50-year association. It comes three months after a Greenpeace campaign to prevent the exploration of the Arctic which got the support by more than a million people worldwide.
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.
Russia will appeal the ruling issued by the European Court for Human Rights (ECHR) awarding Yukos shareholders $2.5 billion (€1.9 billion) before October 30. The Hague’s related ruling will most likely be also appealed, Russia’s Justice Minister said.