The bosses of some of the world’s biggest oil companies have discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos, a sign of how much pressure they’re under from activists and investors to address climate change.
Irish exploration company Providence Resources has said it will seek financial compensation from the Government should the Dáil pass into law proposed legislation targeting a ban on oil and gas drilling in Irish waters.
In a midsummer week that may culminate when — if — the sinister buffoon Boris Johnson becomes the 14th British prime minister of Queen Elizabeth’s near seven-decade reign, it is not hard to argue that politics have failed.
The Green Party and People Before Profit are seeking legal advice over measures the Government has taken to effectively block legislation targeting a ban on oil and gas drilling in Irish waters.
Saudi Arabia’s decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin Salman but there are other ways to finance reforms to strengthen the economy, bankers and investors say.