Day: December 25, 2021

A fire broke out early today at the Baytown refinery operated by Exxon, injuring four people. Law enforcement has called the fire a major industrial incident, the Wall Street Journal reported. No fatalities were reported at the 561,000-bpd complex. “ExxonMobil’s emergency response teams continue to work to extinguish the fire that occurred in a hydrodesulfurization unit at our Baytown Refinery this morning around 1 a.m. Central Time,” the supermajor said in a statement emailed to the WSJ. “We are saddened to inform that four people were injured and are receiving medical treatment.…

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The United States and Russia will likely hold bilateral talks to discuss Moscow’s security proposals next month as the Kremlin ramped up is rhetoric by again warning it was prepared to take military measures if the West launched “unfriendly” actions with regard to Ukraine. “We will decide on a date together with Russia, and we believe that that will take place in January,” Assistant Secretary of State for European and Eurasian Affairs Karen Donfried said in a call with media on December 21. Donfried said that NATO will be holding a…

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Around the world, momentum is growing behind the renewable energy movement. Nations are searching for solutions to power a cleaner, greener future, and bold plans are being set out to reduce carbon dioxide (CO2) emissions. The race is on to transition to a net zero energy system by 2050, and thus avert the crisis of global warming by limiting the world’s temperature rise to 1.5 degrees Celsius, as set out at the Paris Agreement. Yet while countries around the globe look to put a stop to rampant CO2 emissions, energy…

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MOSCOW/KYIV (Reuters) -The European Union can only blame its own policies for record gas prices as some of its members resell cheap Russian gas at much higher prices within the bloc, Russian President Vladimir Putin said on Friday. Putin also called on the EU to approve a new Russian gas route, the Nord Stream 2 pipeline, to ease the price crunch. Europe’s benchmark gas price climbed to a new record on Tuesday, up almost 800% since the start of the year. The price eased on Friday, but it was still…

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