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Hungary Passes its Earth Overshoot Day Hungary has passed its Earth Overshoot Day on the 8th of June according to the WWF. To become more eco-friendly, we have to reduce ecological footprints and achieve a more sustainable lifestyle. Earth Overshoot Day shows the day humanity’s consumption exceeds Earth’s capacity to regenerate all the resources that were used up that year. If everyone on the planet would live like a Hungarian, it would be the 8th of June. To put it in perspective, the United States passed this day on the 14th of March and China on the 7th of June. If Hungary would like t...

Publishing date: Jun 09, 2021  •  1 hour ago  •  9 minute read  •  Article content (Bloomberg) — When Exxon Mobil Corp. decided to get out of a big oil field in Iraq, the government took on the unusual role of salesman. Iraqi officials pitched West Qurna-1 to likely buyers from among Exxon’s supermajor peers, including arch-rival Chevron Corp. There weren’t any takers. That left Iraq with narrowed options: sell to one of China’s state-backed oil majors, or else buy back Exxon’s stake itself. The sale process remains unresolved but either outcome would stand as a power...

National oil companies are largely shielded from shareholder pressures.

The Straits Times The retreat of Exxon and the Oil Majors won't stop fossil fuels Even Exxon, which hasn't set a net-zero target, has severely curtailed its ambitious growth plans to save money and reduce debt.PHOTO: REUTERS Updated1 hour ago https://str.sg/3Znn They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months.

The epicenter of coal country belatedly begins to acknowledge the realities of renewables.