Courtesy of The Wall Street Journal, a look at how as Big Oil retreats globally, smaller players are filling the gap: Under pressure from shareholders and activists, major energy companies are retreating from higher-polluting and riskier projects around the world. A bunch of smaller companies are rushing in to fill the void. In Nigeria, smaller […]
Read more »Via The Guardian, an article on whether a recent Guyana court ruling requiring ‘unlimited guarantee’ from oil firms to cover costs of spills could change offshore drilling throughout region: A ruling from Guyana’s high court could change the face of offshore oil drilling throughout the Caribbean, according to financial and legal analysts. The ruling ordered […]
Read more »Via Quartz, an article on how Big Oil veteran Exxon wants to become part of Big Shovel, joining other hydrocarbon giants in wanting to produce lithium, a crucial metal in electric vehicle batteries: ExxonMobil, a company feeding the very fossil fuel habit that the world is trying to kick, is now getting into the business […]
Read more »Via The Economist, a report on Xiongan, Xi Jinping’s pet project: Six years ago, when China unveiled its grandiose plan to build a new metropolis 100km south of Beijing, it was hard to envisage the finished product. Ambitious planners promised a “first-class international city” covering 2,000 square kilometres, nearly three times the size of New […]
Read more »Indonesia is attempting to build a green, walkable city from scratch. It’s a big, bold idea championed by Indonesia’s president Joko Widodo and motivated, in part, by the fact that the capital Jakarta is sinking. And yet only 15 months before Widodo’s deadline to inaugurate the nation’s replacement capital, bulldozers are still clearing acres of […]
Read more »Via Rest of World, a look at how inconsistency and theft by independent couriers previously plagued small shops in Nigeria, but now more organized apps benefit riders and sellers alike: As e-commerce booms in Nigeria, small businesses are gaining new customers through social media. But theft and delays by traditional delivery riders have affected sales. […]
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