Author: omc_admin
This week in ESG news: Danske Bank divests over 85% of oil and gas companies over transition plans; less than 40% of employees say companies are doing enough on climate change; Republican states warn SBTi, financial firms over setting net zero goals; Watershed and Stanford take over supply chain emissions database dropped by U.S.’ EPA; Amazon’s AWS signs renewable energy deal in India; U.S. to invest $1 billion in critical minerals, battery materials supply chains; UK financials regulator says the sustainability-linked loan market is growing up; U.S. drops antitrust investigation into truckmakers after agreement to not enforce California emissions rules;…
Henry, a boyish-looking AI researcher, believes there’s about a 50/50 chance that in the next few years AI will become so powerful and sophisticated it will pose an existential threat to all human life. For his day job, he’s trying to prevent this from happening by working for a small safety-focused AI research lab in the Bay Area. He takes this mission seriously: He’s sworn off romantic relationships to dedicate himself to the cause, and he donates a third of his income to AI safety nonprofits.In his free time, he’s preparing for the possibility of failure, by building DIY bioshelters…
With no formal statement released yet, attention now shifts to how the market digests the event into the Monday open. Trump-Putin Summit Could Reprice Russian Supply Risk Friday evening’s meeting between President Trump and President Putin (August 15, 20:00 GMT) looms large over the coming week. Trump signaled openness to easing sanctions if peace talks in Ukraine gain traction—but also warned of secondary tariffs if negotiations break down. The stakes are high for crude flows, particularly for China and India, who’ve been top buyers of Russian barrels. Traders will be watching closely for any fresh headlines over the weekend that…
Russian President Vladimir Putin on Friday signed a decree that could allow foreign investors, including top US oil major Exxon Mobil, to regain shares in the Sakhalin-1 oil and gas project.The signing of the decree comes on the day Russian president Vladimir Putin meets Donald Trump in Alaska for a summit where opportunities for investment and business collaboration will be on the agenda, alongside talks to find peace in Ukraine. Friday’s decree was published as a follow-up to one Putin signed in October 2022, which ordered the seizure of the Sakhalin-1 project.Exxon previously held a 30 per cent operator share…
The United States has had internal discussions on using Russian nuclear-powered icebreaker vessels to support the development of gas and LNG projects in Alaska as one of the possible deals to aim for when President Donald Trump meets Vladimir Putin on Friday, three sources familiar with the matter told Reuters.Trump landed in Alaska on Friday for what he called a “high stakes” summit with Russia’s Putin to discuss a ceasefire deal for Ukraine and end the deadliest war in Europe since World War Two. Both the US and Russian presidents, meeting at a Cold War-era air force base in Alaska’s…
Oil markets are set for a muted price reaction when they open on Sunday after US President Donald Trump’s and Russian leader Vladimir Putin’s meeting in Alaska, at which Trump said a fully-fledged peace deal was the aim for Ukraine rather than a ceasefire.Trump said he had agreed with Putin that negotiators should go straight to a peace settlement – not via a ceasefire, as Ukraine and European allies, until now with US support, have been demanding. Trump said he would hold off imposing tariffs on countries such as China for buying Russian oil following his talks with Putin. He…
US President Donald Trump said on Friday he did not immediately need to consider retaliatory tariffs on countries such as China for buying Russian oil but might have to “in two or three weeks.”Trump has threatened sanctions on Moscow and secondary sanctions on countries that buy its oil if no moves are made to end the war in Ukraine. China and India are the top two buyers of Russian oil. The president last week imposed an additional 25 per cent tariff on Indian goods, citing its continued imports of Russian oil.However, Trump has not taken similar action against China.He was…
When Rahul Vaidya noticed his 2019 Volkswagen Vento’s mileage drop from a steady 11-12 kmpl to just 7-8 kmpl, he initially blamed it on traffic. Or maybe it was the age of the car, he thought.Over time, he figured that the response to a dab on the accelerator wasn’t as crisp as it used to be. The ride felt heavier, and the fuel gauge continued to hover near E faster than ever.After months of living with these issues, he finally took his car to the service centre. The diagnosis was swift – his car wasn’t E20-compliant.In case you have been…
TORONTO (AP) — The union representing 10,000 striking Air Canada flight attendants said Sunday it will challenge an order for them to return to work, adding “we remain on strike.” The Canada Industrial Relations Board ordered airline staff back by 2 p.m. Sunday after the government intervened and Air Canada said it planned to resume flights Sunday evening. “We will be challenging this blatantly unconstitutional order,” the CUPE union said in a statement. “We remain on strike. We demand a fair, negotiated contract and to be compensated for all hours worked.”The strike has stranded more than 100,000 travelers around the…
Hurricane Erin was downgraded to a Category 3 hurricane early Sunday as a tropical storm warning was issued for the Turks and Caicos Islands and winds and heavy rains whipped the Virgin Islands and Puerto Rico.Erin, the first Atlantic hurricane of 2025, reached Category 5 status before weakening, with maximum sustained winds of 125 mph (205 kph), according to the National Hurricane Center in Miami. The storm’s center was about 155 miles (245 kilometers) north of San Juan, Puerto Rico and nearly 300 miles (500 kilometers) east of the Grand Turk Island, moving west-northwest at 14 mph (22 kph). A…