Month: July 2021

Russia to build first LNG-powered icebreakers for Arctic sea route

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Russia plans to build its first batch of icebreakers that are powered by liquified natural gas, a top official said on Friday, returning to an idea that was put on hold. Russia has the world’s only fleet of nuclear-powered icebreakers. It is building up that fleet, hoping to develop the Northern Sea Route across its northern flank into an international shipping lane as climate change melts the ice. “We are now returning to this topic (building LNG-powered icebreakers). I think that by the end of the year we will decide…

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G20 Environment Ministers: No Consensus on Phasing Out Coal

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The U.S. UK and other countries want world governments to commit to a phaseout of the use and financing of coal-fired power generation, but officials who met at the G20 Environment Ministers Meeting summit in Naples, Italy, this past week ended their talks without an agreement on the future of the fuel. The topic will come up again at the 2021 United Nations Climate Change Conference, also known as COP26, in Glasgow, Scotland, later this year. The talks in Italy, which ended July 23, showed the difficulty among developed nations…

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Natural Gas Stocks Still Have

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After an epic, pandemic-induced crash in 2020, the U.S. stock market has gone back to winning ways and is enjoying yet another bumper season in the current year. The S&P 500 is already up 16.0% in the year-to-date and constantly taking out fresh all-time highs. Few sectors of the market have, however, done better than the long-suffering energy sector. After years of underperformance, the energy sector has been a standout performer in the current year with the Energy Select Sector SPDR ETF (NYSEARCA:XLE) up 30.0% YTD, second only to the…

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Byco wins 7th Int’l Awards on Environment, Health & Safety 2021

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Byco Petroleum Pakistan Limited, Pakistan’s largest oil refining company, has won two awards in the categories of ‘The Foundations of Process Safety’ and ‘Oil Spill Management’ at the prestigious 7th International Awards on Environment, Health & Safety 2021.The awards were received by Mushtaq Ahmad Khokhar, General Manager- Production, Byco Petroleum andKaleem Ishaque, Senior Manager- SPM Operations, Byco Petroleum at a grand ceremony held at a local hotel in Karachi. Azfar Saeed Baig, Vice President – Information, Byco Petroleum, commented on the occasion and said that, “Byco being bestowed with these…

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Forest dept wants masses to participate in plantation drive

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Active participation of the masses in the ongoing monsoon tree plantation campaign is the need of the hour to overcome the challenges of climate change, environmental pollution and global warming. This was stated by Chakwal District Range Officer (DRO) of the Forest Department (Extention) Punjab Rawalpindi Division Sher Afzal Raja while planting saplings at different places along with the officers of the district administration on Sunday. Chakwal assistant commissioner and workers of Insaf Tiger Force, present on the occasion also planted saplings. Raja said the role of every citizen is…

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