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Tag: accord

Italy’s ENI signs accord with BP, Libya to take over EPSA operation

Italy’s ENI signs accord with BP, Libya to take over EPSA operation

Business
Oct. 8 (UPI) -- Italian oil major Eni on Monday signed an accord with BP and Libyan officials under which Eni will get a 42.5% interest in an exploration and operation sharing agreement in the North African country, as well as become operator of an area where exploratory activities were suspended four years ago. The Libyan National Oil Corporation, or NOC, Chairman Mustafa Sanalla, BP chief executive Bob Dudley and Eni chief executive officer Claudio Descalzi on Monday signed a letter of intent to make this possible, according statements by both BP and Eni. BP currently holds an 85 percent working interest in the Exploration and Production (EPSA) sharing agreement in Libya, with the country's Investment Authority holding the remainder. Negotiations related to the accord, which aims at res...
French president pokes at Trump for leaving Paris accord

French president pokes at Trump for leaving Paris accord

Technology
French President Emmanuel Macron took a jibe at President Donald Trump on Sunday for his decision to withdraw the United States from the Paris climate agreement. Macron did not name Trump while speaking at the first meeting of the International Solar Alliance in New Delhi. But while hailing the "solar mamas," a group of women trained as solar engineers, he said the women had continued their mission to promote solar energy even after "some countries decided just to leave the floor and leave the Paris agreement." Trump announced last June that the U.S. was withdrawing from the Paris accord, which aims to slow the rise in global temperature by reducing greenhouse gas emissions. At a separate weekend event in India, former U.S. Secretary of State Hillary Clinton also regretted Trump's decisio...
Paris climate deal: US denies it will stay in accord

Paris climate deal: US denies it will stay in accord

Science
The US has insisted it will leave the Paris climate accord, despite reports that it may be softening its stance.Following a meeting of environment ministers on Saturday, the EU climate commissioner, Miguel Arias Canete, said Trump officials had indicated the US would either stay in the 2015 accord or review its terms.But the White House insisted there had been "no change" in the US position.In June President Donald Trump said the US would withdraw from the deal.He said it was part of his "solemn duty to protect America" and he would seek a new deal that would not disadvantage US businesses.But opponents say withdrawing from the accord is an abdication of US leadership on a key global challenge.The Paris agreement commits the US and 187 other countries to keeping rising global temperatures ...
'Dodgy' greenhouse gas data threatens Paris accord

'Dodgy' greenhouse gas data threatens Paris accord

Science
Potent, climate-warming gases are being emitted into the atmosphere but are not being recorded in official inventories, a BBC investigation has found. Air monitors in Switzerland have detected large quantities of one gas coming from a location in Italy. However, the Italian submission to the UN records just a tiny amount of the substance being emitted. Levels of some emissions from India and China are so uncertain that experts say their records are plus or minus 100%.These flaws posed a bigger threat to the Paris climate agreement than US President Donald Trump's intention to withdraw, researchers told BBC Radio 4's Counting Carbon programme. Bottom-up recordsAmong the key provisions of the Paris climate deal, signed by 195 countries in December 2015, is the requirement that every country,...