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UPDATE 1-Shell urges collaboration with other industries to tackle emissions

Royal Dutch Shell’s chief executive took aim beyond the energy sector to call on leaders of other industries including aviation, shipping and steel to jointly draw up plans to tackle greenhouse gas emissions. Ben van Beurden also warned on Wednesday that energy companies that do not collaborate in the fight against climate change under the 2015 Paris agreement risk going out of business. “Climate change is the biggest challenge facing the energy industry, but the energy industry isn’t the biggest challenge for the world trying to tackle climate change,” van Beurden told the Oil & Money conference. …read more […]

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California power cutoff begin as wildfire risks rise

Hundreds of thousands of California homes and businesses started to lose electric power early Wednesday as part of an unprecedented effort by Pacific Gas and Electric Co. to prevent wildfires, the utility said. Nearly 800,000 northern and central California homes and businesses can expect to lose electricity for up to several days, starting on Wednesday, PG&E said. State investigators determined in May that PG&E transmission lines had caused last year’s Camp Fire. …read more […]

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China Open to Partial U.S. Trade Deal Despite Tech Blacklist

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China is still open to agreeing a partial trade deal with the U.S., an official with direct knowledge of the talks said, signaling that Beijing is focused on limiting the damage to the world’s second-largest economy.Negotiators heading to Washington for talks starting Thursday aren’t optimistic about securing a broad agreement that would end the trade war between the two nations for good, said the official, who asked not to be named as the discussions are private.But China would accept a …read more […]

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UPDATE 1-Attacks on Saudi Aramco have no impact on IPO plans – CEO

Saudi Aramco’s chief executive said on Wednesday there would be no impact on the stock market listing plans of the state oil giant after attacks on its installations last month, which he blamed on Iran. Attacks such as those on Sept. 14, which sent oil prices up as much as 20%, may continue if there is no concerted international response, Amin Nasser told the Oil & Money conference in London. The attacks targeted the Abqaiq and Khurais plants at the heart of Saudi Arabia’s oil industry, causing fires and damage and shutting down 5.7 million barrels per day …read more […]