Helped ease overall price rises in many countries, but there are concerns that a jump in crude could once again stoke inflation. So, governments are seeking alternatives, while still trying to balance the short term need for oil. Those alternatives could also help tackle Climate Change and keep global temperature rises to 1. 5 degrees above pre industrial levels. Just last week, the International Energy agency renewed its assertion that no new gas and oil projects were needed if the world was to meet that goal. Opecs Secretary General told my colleague, sally bundock, that the group doesnt agree. We have always, at opec, talked about the concern we have for future under investments, as some have called for stopping investment in oil. We believe this is equally dangerous. This will lead to volatility in the future, possibly supply shortages. And therefore, we at opec have always advocated for the importance of continuing to invest in the oil industry, as we also invest in decarbonising
Once again stoke inflation. Governments are seeking alternatives, while still trying to balance the short term need for oil. The alternatives could also help tackle Climate Change and keep global temperature rises to 1. 5 above pre industrial levels. Just last week, the International Energy agency renewed its assertion that no new gas and oil projects were needed if the world was to meet that goal. Opecs Secretary General told my colleague, sally bundock, that the group doesnt agree. We have always, at opec, talked about the concern we have for future under investments, as some have called for stopping investment in oil. We believe this is equally dangerous. This will lead to volatility in the future, possibly supply shortages. And therefore, we at opec have always advocated for the importance of continuing to invest in the oil industry, as we also invest in decarbonising the industry and move on to adding other forms of alternative energy, such as renewables. From our perspective in o
speak to a chinese economist at oxford economics. we are in expansionary territory but still quite, we are looking at perhaps quite a week set of data going to the end of the year. week set of data going to the end of the year. what does this tell us about end of the year. what does this tell us about the end of the year. what does this tell us about the broader - tell us about the broader chinese economy? it tell us about the broader chinese economy? it affirms to us we are chinese economy? it affirms to us we are family chinese economy? it affirms to us we are family on chinese economy? it affirms to us we are family on a chinese economy? it affirms to | us we are family on a bottoming out process. in this bottoming out process. in this bottoming out as always going to be volatile there will be slight ups and slight downs but chinese policymakers will look at the data from today and think this is the second month of contraction, we definitely need more stimulus
as well as future business conditions, the country is facing an economic slump as we have been reporting and unemployment has a consumer spending as well. to understand more let s speak to a chinese economist at oxford economics. thank you forjoining us on asia business report. what is your reaction to the readings we are seeing? your reaction to the readings we are seeing? generally we are disappointed. we are seeing? generally we are disappointed, we we are seeing? generally we are disappointed, we had we are seeing? generally we are disappointed, we had expected i we are seeing? generally we are| disappointed, we had expected a contraction in this activity but not to the extent but we have to recognise these are diffusion industries more helpful in telling us the direction in which things are going stop i would say that on the manufacturing side what jumps out at us as this is effectively driven by if you look at the subcomponents this is driven by to a large extent
The 22-page report, “‘Working On Oil is Forbidden’: Crackdown Against Environmental Defenders in Uganda” documents the Ugandan government’s restrictions on freedom of expression, association, and assembly related to oil development, including the planned East African Crude Oil Pipeline (EACOP). Civil society organizations and environmental defenders regularly report being harassed and intimidated, unlawfully detained, or arbitrarily arrested.