Tag: oil industry
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Nigeria House Probes Oil Firms Over Host Communities Trust Shortfall
Urgent Probe Launched by House of Representatives The Nigerian House of Representatives has ordered a comprehensive investigation into why several oil and gas companies have not remitted the mandated three per cent of their annual operating expenditure to the Host Communities Development Trust Fund (HCDTF). The move underscores growing concern among lawmakers and local communities…
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COP30 Opens in the Amazon: Brazil’s Oil Riches Meet Climate Risk
Opening a New Chapter in the Amazon As COP30 begins deep in the Amazon basin, Brazil faces a defining choice: how to balance its booming oil industry with the escalating climate and environmental pressures in one of the world’s most vital ecosystems. The opening ceremony and surrounding discussions highlight a country navigating the tension between…
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Government Introduces CO2 Emission Control Program
Introduction to the CO2 Emission Control Program The government has recently unveiled an ambitious CO2 emission control program aimed at tackling greenhouse gas emissions from large corporations, particularly in the oil and gas industry. This initiative reflects a growing recognition of the urgent need to combat climate change and its impacts. Background on CO2 Emissions…