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Video | US President Trump pulls out of Paris Climate deal, says India s commitment is contingent on billions of dollars fund
Video | US President Trump pulls out of Paris Climate deal, says India s commitment is contingent on billions of dollars fund
President Donald Trump On Thursday Announced His Decision To Withdraw The US From The Paris Agreement On Climate Change And Renegotiate The Deal That Was Agreed Upon By Over 190 Countries During The Previous Obama Administration. PTI | Updated on: 02 Jun 2017, 06:53:14 AM
Washington:
President Donald Trump on Thursday announced his decision to withdraw the US from the Paris Agreement on climate change and renegotiate the deal that was agreed upon by over 190 countries during the previous Obama administration.
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Last Updated: January 6, 2021
2020 was a dismal year for energy companies like ExxonMobil (XOM) as crude oil prices plummeted during the year. However, things are looking up for the battered energy sector in 2021.
2020 was among the worst year for oil and gas companies. The WTI (West Texas Intermediate) contract turned briefly negative in April. It was the first time that energy prices had turned negative in history. However, it showcased the troubles faced by energy companies. Energy stocks like ExxonMobil were among the worst-performers of 2020.
ExxonMobil lowered dividend in 2020
While crude oil demand plummeted during the COVID-19 pandemic, US shale producers could not immediately cut their production. This led to a glut of crude oil in the market and producers were willing to offer money to take the oil from the fields as is reflected in the WTI contract turning negative. The fall in crude oil prices prompted
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Donald Trump to make final decision on Paris climate deal next week
US President Donald Trump On Saturday Said That Heâll Make A Final Decision On Whether The US Will Stay In The Paris Climate Agreement Next Week. PTI | Updated on: 27 May 2017, 09:10:15 PM
Taormina:
US President Donald Trump on Saturday said that he’ll make a final decision on whether the US will stay in the Paris climate agreement next week.
Trump’s surprise announcement, in the form of a tweet on the final day of his lengthy international trip, comes after Trump declined to commit to staying in a sweeping climate deal, refusing to give into intense international pressure. Earlier on Saturday, the other six members of the G-7, a group of some of the world’s wealthiest nations, voted to abide by the Paris climate agreement, according to a person familiar with the talks said.
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With the US presidential election now in the rear-view mirror, oil and gas producers and the broader associated businesses – from services companies, equipment manufacturers to truckers – are closely monitoring the outlook for this industry as President-elect Joe Biden responds to calls from a section of his base for swift climate action. The seasoned politician will have to strike a fine balance between the aspirations of young voters seeking stringent measures on issues such as emissions and a fracking ban, with a sector that has helped propel the US to the league of top global producers in less than a decade, and was a key driver of jobs growth. With exports surging to 3 million barrels per day before the Covid-19 pandemic hit, the US also helped plug major holes in the global supply chain with disruptions in output from major exporters such as Libya, Iran and Venezuela. That’s kept pump prices for gasoline and other fuels u
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