U.S. Asks Congo To Pull Some Oil Blocks From Auction To Protect Forests
1 mins read
Published on October 29, 2022
U.S. climate envoy John Kerry has asked Democratic Republic of Congo to withdraw some of the oil blocks it has put up for auction in order to protect forests, he said on Tuesday on the sidelines of a climate conference in Kinshasa.
Congo put 30 oil and gas blocks up for auction in July.
Environmentalists fear the auction could open parts of the world's second-biggest rainforest and peat lands to drilling that could release large amounts of carbon into the atmosphere, jeopardising climate goals to tame global warming.
Congo's government has said it needs to tap its vast natural resources to boost its economy, power industries, and provide electricity to its population.
"We know it's urgent. I spoke yesterday with the Deputy Prime Minister and I will speak this afternoon with the President, but it is his decision," Kerry told journalists on the sidelines of the conference in Kinshasa.
"We have clearly described our interest in protecting the forests. We have asked for some blocks to be removed from the auction," he said.
Last Updated on October 29, 2022
Great Deals on Used CarsView All Used Cars
- 1,18,054 km
- 44,300 km
- 84,000 km
- 77,000 km
- 76,000 km
- 76,000 km
- 62,500 km
- 81,000 km
- 85,000 km
- 45,028 km
6 hours ago
The latest iteration gets a slew of updated features and mechanical upgrades.
8 hours ago
The brand is offering free service support through its dealer network in Chennai and other affected areas.
9 hours ago
Toyota and its dealer partners have set up a special emergency helpline number and have a deployed the Hilux pickup for rescue and movement of submerged vehicles
12 hours ago
Starting from December 8, 2023 customers affected by the flash floods can avail free RSA, engine check-ups and other service benefits at the Yamaha service centers
12 hours ago
MG Motor India has introduced a December Fest sale with sizable benefits across its lineup with offers valid until December 31
13 hours ago
Ducati said that the price increase was due to a rise in operational costs and will affect select motorcycles on sale
14 hours ago
The Q6 e-Tron will boast an 800-volt electrical system, a 100 kWh battery offering a range of 373 miles, and dual electric motors generating up to 510 horsepower
The made-in-India sport bike is powered by a 457 cc parallel-twin engine that puts out a peak 47 bhp.
The new Triumph Bonneville Stealth Editions come with special hand-painted colours that change hues depending on the light
The W175 Street gets alloy wheels and tubeless tyres, aside from new paint finishes
Brent crude futures rose 1.8%, to settle at $76.69 a barrel, while U.S. West Texas Intermediate crude (WTI) ended $1.23 higher at $70.90.
Brent crude settled down 1.2%, to $74.99 while West Texas Intermediate U.S. crude futures fell 1%, to $69.26 a barrel.
Brent crude futures fell by 78 cents to settle at $75.91 a barrel. U.S. West Texas Intermediate crude futures slid by 94 cents, to end the session at $69.96 a barrel.
According to the International Energy Agency (IEA), Russia's total exports of oil and petroleum products in February 2023 fell to 7.5 million barrels per day (bpd), from an average amount of 7.7 million bpd in 2022 (7.5 million bpd in 2021).
Fuel demand in February hit its highest level in at least 24 years, data from the website of the Petroleum Planning and Analysis Cell (PPAC) showed this month.