Crude Oil Oct 25 (CLV25.NYM)
- Reuters
Indonesia, ADB, owners agree to shutter first coal-fired power station early
Indonesia and the Asian Development Bank have agreed a provisional deal with the owners of the Cirebon-1 coal-fired power plant to shutter it almost seven years earlier than planned, the ADB's senior climate change energy specialist told Reuters. The deal, announced during the COP28 climate talks in Dubai on Sunday, is the first under the ADB's Energy Transition Mechanism (ETM) programme, which aims to help countries cut their climate-damaging carbon emissions. Supporting a $20 billion Just Energy Transition Partnership agreed last year that aims to bring forward the sector's peak emissions date to 2030, the ADB hopes to replicate it across other countries in the region.
- Bloomberg
Venezuela Stirs Nationalism in Dispute Over Oil-Rich Territory
(Bloomberg) -- For decades, Venezuelan schoolchildren have been taught to draw a map of their country different from the one in use elsewhere: theirs includes a disputed region roughly the size of Florida which is controlled by neighboring Guyana. Most Read from BloombergExxon Among 50 Oil Producers in Controversial Climate Pact at COP28Israel Risks ‘Strategic Defeat’ If It Doesn’t Protect Civilians, Austin SaysSurprise Call Shocks Staid Corner of Bond Market: Credit WeeklyIndia Election Latest:
- Simply Wall St.
Could The Market Be Wrong About Occidental Petroleum Corporation (NYSE:OXY) Given Its Attractive Financial Prospects?
Occidental Petroleum (NYSE:OXY) has had a rough three months with its share price down 8.9%. However, a closer look at...
