DAVOS, Switzerland (AP) — As government officials, corporate leaders and other elites at the World Economic Forum grapple with how to confront climate change and its devastating effects, a central question is emerging: to what extent can oil and gas companies be part of a transition to lower-carbon fuels? In different times the question could … Read more
Share this story Published 39 minutes ago Above image credit: In this Feb. 1, 2021 file photo, emissions from a coal-fired power plant are silhouetted against the setting sun in Kansas City, Missouri. (AP Photo | Charlie Riedel, File) Elon Musk, miffed, tweets that Exxon makes the top 10 list of businesses dealing with our … Read more
DAVOS, Switzerland (AP) — The head of the International Energy Agency is urging countries and investors not to use Russia’s invasion of Ukraine as a reason to increase fossil fuel investments. Speaking on an energy panel Monday at the World Economic Forum in Davos, Switzerland, Fatih Birol said the immediate response to energy shocks from … Read more
Rating agency Moody’s on Monday said that the prolonged elevated temperatures affecting much of the northwest of the country will curb wheat production and could lead to extended power outages. This may already exacerbate high inflation and hurting growth, a credit negative for the country. Over the longer term, India’s highly negative credit exposure to … Read more