Economy & Business

‘Absolute Scandal’: UAE State Oil Firm Able To Read Cop28 Climate Summit Emails

"The United Arab Emirates’ state oil company has been able to read emails to and from the Cop28 climate summit office and was consulted on how to respond to a media inquiry, the Guardian can reveal."

Source: Guardian, 06/08/2023

Oil State Hired Biggest PR Firms To Buff Its Climate Image. It Didn’t Help.

"One of the world’s wealthiest oil states is engaged in a wide-ranging public relations and lobbying campaign to cast itself as an environmental leader before it hosts the United Nations’ next climate talks in November. But the United Arab Emirates’ efforts are colliding with a barrage of criticism from lawmakers and environmentalists in both the U.S. and Europe, who scoff at the idea that the oil-flush nation is committed to helping shift the world off planet-heating fossil fuels.

Source: E&E News, 06/08/2023

Rich Nations Undermining Climate Funds To Help Poor Countries: Report

"Rich nations are undermining work to protect poor and vulnerable countries from the impacts of the climate crisis, by providing loans instead of grants, siphoning off money from other aid projects or mislabelling cash, new research suggests."

Source: Guardian, 06/05/2023

"Oil Jumps 2% On Saudi Plan To Deepen Output Cuts From July"

"SINGAPORE - Oil prices jumped more than $1 a barrel on Monday after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting macroeconomic headwinds that have depressed markets.

Brent crude futures were at $77.64 a barrel, up $1.51, or 2%, at 0014 GMT after earlier hitting a session-high of $78.73 a barrel.

U.S. West Texas Intermediate crude climbed $1.41, or 2%, to $73.15 a barrel, after touching an intraday high of $75.06 a barrel."

Source: Reuters, 06/05/2023

Louisiana Joins 9 Other States To Sue Feds Over Flood Insurance Premiums

"Louisiana is joining nine other states in a lawsuit against the federal government over its new system for setting flood insurance rates, which is triggering steep hikes for homeowners, Attorney General Jeff Landry announced Thursday, calling the increases a “disaster of its own” that risks driving out families and businesses."

Source: New Orleans Times-Picayune, 06/02/2023

Platform Urges More Than 1,600 High-Emitting Firms To Disclose Data

"More than 1,600 companies identified by non-profit platform CDP as having the biggest impact on the environment are not disclosing environmental data, it said as it launched its latest campaign to get firms to provide the information."

Source: Reuters, 06/01/2023

"Food Poisoning Often Caused By Sick Restaurant Workers, CDC Says"

"Food workers who clock in when sick cause a significant share of food-borne illness, the Centers for Disease Control and Prevention said in a new report, and many establishments don’t have adequate policies to prevent employees from working while contagious."

Source: Washington Post, 06/01/2023

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