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more now on the commitment of a hundred world leaders attending the cop26 summit to end and reverse deforestation by 2030. brazil, where large parts of the amazon rainforest have been cut down, will be among the signatories today. the pledge includes almost $19.2 bilion of public and private funds. experts have welcomed the move, but warned a previous deal in 2014 had failed to slow deforestation at all . joining me now is chaitanya kumar head of enviroment & green transition at the new economics foundation how significant is this commitment from your perspective? how significant is this commitment from your perspective? bosnia how significant is this commitment from your perspective? bosnia and how significant is this commitment from your perspective? bosnia and how significant is this commitment from your perspective? bosnia and n0 audio. chaitanya kumar, ithink chaitanya kumar, i think you might be on mute. chaitanya kumar, i think you might be on mute. sor ....
billion of profit during the july to september period. if the results are in line with what analysts are expecting, that would be a drop of around 25% if not more compared to the same period last year. it is important to note that the oil prices are in a very different place than what they were last year. last year they were about 110 to $120 a barrel because of the russian ukrainian war which led to oil prices touching a record high, and that benefited producers like aramco immensely because they could record profits last year. if you look at the last three months oil prices have been $75 a barrel and have gone up in the last month which may provide some kind of cushion and the other factor is that saudi arabia has also cut down oil production in the last five or six months. for saudi arabia, aramco is the most crucial company because it relies heavily on the income generated by the oil they must to run many other parts of its company behemouth. the results are cruc ....
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