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World’s Largest Wealth Fund Warns Oil Majors over Emissions

The sovereign wealth fund of Norway, which manages $1.4 trillion (€1.2tn) in assets, has said there are oil companies in its portfolio that “absolutely” aren’t doing enough to cut emissions, as the guidelines under which it operates are reviewed, potentially giving the investor more scope to act. Norges Bank Investment …

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Iran Says Had Notified IAEA of Its Nuclear Measures

Iran’s Foreign Ministry Spokesman Saeed Khatibzadeh says the country’s nuclear program and activities are fully in line with the Non-Proliferation Treaty (NPT) and its Safeguards commitments. In a statement on Tuesday, Khatibzadeh noted that the International Atomic Energy Agency (IAEA) has been supervising Iran’s nuclear activities and that Tehran has …

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EU Solar Power Generation Hits Record High

Solar power supply in the European Union during June and July rose to a record high in 2021, accounting for 10% of total electricity produced in the region, a report by independent climate think-tank Ember said on Wednesday (18 August). The 27 countries in the bloc generated nearly 39 terawatt …

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The Remarkable Rise of U.S. LNG

The United States will see its total natural gas exports exceed imports by a significantly larger margin this year compared to 2020, thanks to surging liquefied natural gas (LNG) exports and continued growth in pipeline exports to Mexico, the Energy Information Administration (EIA) said on Monday. This year, U.S. natural …

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