Scientists, environmentalists and even the UK government’s own climate advisers have strongly criticized its decision to approve a plan to open the country’s first new coal mine in three decades, a little more than a year after the nation tried to convince the world to ditch the filthy fossil fuel at the COP26 climate talks in Glasgow. Michael Gove, the…
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WTI and Brent crude oil prices fell for a third straight session on Tuesday, with the U.S. benchmark now at its lowest level in a year. Front-month Nymex crude for January delivery closed the day -3.5% to $74.25/bbl, its lowest in nearly a year, while February Brent crude finished -4% to $79.35/bbl, its weakest close since January 3. It’s now…
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Hours of electricity shutdowns in the summer and hours of gas load shedding in the winters, such is life for the residents of the country’s most populated city – who are irked by the additional costs they are having to bear to cook food or keep warm ever since the mercury dropped. The residents of Karachi, much like the rest…
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The Lahore Chamber of Commerce and Industry (LCCI) has urged the Environment Department to immediately stop coercive measures against furnaces installed in the steel sector until standardised scrubbers are finalised. President of LCCI Kashif Anwar while speaking to a delegation of the All Pakistan Small Steel Re-Rolling Association said that it is encouraging to know that the SIDB is planning…
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Federal Ombudsman Ejaz Ahmad Qureshi has directed Power Division and Distribution Companies (Discos) to resolve complaints of citizens immediately. On Wednesday, a meeting was presided over by the Federal Ombudsman which was attended by senior Officers of WMS, Secretary Power Division Rashid Mahmood Langrial, Chief Executives of IESCO, LESCO and PESCO. The meeting was informed that during the year 2022…
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As the mercury level drops in the winter season, the demand of electricity and gas increased significantly in Khyber Pakhtunkhwa particularly in hilly areas where people extensively use power and gas appliances for cooking and heating purposes. The people normally gather around wood fire and stoves while also use electric rods and heaters to keep themselves warm as the fogs and cold weather gripped KP for the last couple of days forcing masses to wear additional…
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The Compressed Natural Gas (CNG) association has asked the government to allow supply of stranded indigenous gas to CNG stations for sale to motor vehicles. The step they said would help the government in saving dollars outflow and earning taxes to the tune of $778.9 million a year. Already, there are 50 million cubic feet per day (MMCFD) of such…
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Chinese President Xi Jinping arrived in Saudi Arabia on Wednesday on a visit Beijing hailed as its biggest diplomatic initiative in the Arab world, as Riyadh expands global alliances beyond a longstanding partnership with the West. The meeting between the global economic powerhouse and Gulf energy giant comes as Saudi ties with Washington are strained by US criticism of Riyadh’s…
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Pakistan has sent the draft of Inter-Governmental Agreement (IGA) to the UAE for an official nod from authorities concerned in Abu Dhabi. Once it is approved, negotiation for a commercial agreement for the import of Mogas under GtG mode will start between officials of Pakistan State Oil (PSO) and Abu Dhabi National Oil Company (ADNOC). One of the top officials…
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