-
Meta pushes global AI vision amid race with OpenAI, Anthropic and China
-
Notts Forest owner Marinakis sues Palace over gun banner - reports
-
US judge ends graft case against India's Adani
-
Koech gets three-year ban, stripped of US 1,500m title
-
Anderson retires after 10 MLB seasons after 'too much pain'
-
Sensational Ingebrigtsen back with more European gold
-
Colombia in state of emergency as quake kills 111
-
'A scare': Brazil player leaps into tunnel in joy over goal
-
Britain's Amy Hunt wins European women's 100m gold
-
USA Swimming CFO Hilliard arrested for alleged theft
-
Trump order pushes for overhaul of childhood vaccine schedule
-
Trump insists Netanyahu relationship 'very good' despite Gaza rift
-
Global stocks mixed while oil prices jump on Hormuz
-
Ingebrigtsen delivers masterclass for seventh European athletics gold
-
Turkey MPs back historic law on reintegrating Kurdish militants
-
Colombia declares state of emergency after quake kills 111
-
'Dreams disappear' as Gaza students await evacuation to Italy
-
Golden relay double for Britain at Europeans as Marchand takes silver
-
Third European gold for Schilder in women's shot put
-
Barcelona's Araujo heads to Liverpool on loan
-
Golden relay double for Britain at Europeans as Marchand settles for silver
-
Tupac Shakur murder trial begins 30 years after rapper's death
-
US had hottest month on record in July
-
Russia bars only anti-war party from elections
-
Colombia quake leaves 69 dead, with more trapped under rubble
-
Boeing to divest tech ventures for stake in air-taxi startup
-
Bookmap Announces Partnership with Plus500 to Expand Futures Trading Access
-
Major quake rocks Colombia and neighbors, 18 confirmed dead
-
Barcelona turn down PSG offer for Torres
-
Brazil aircraft maker Embraer raises outlook after record revenue
-
Buildings collapse as major quake rocks Colombia and neighbors
-
Drought forces water restrictions across nearly 70 percent of France
-
Meta releases new AI model as Zuckerberg lays out vision
-
Europe wary as gas stocks languish at lows while winter looms
-
OFunded Enters the Prop Trading Market With Broker-Backed Infrastructure From OFinancial Markets
-
Freedom Holding Corp. Reports 40% Increase in Quarterly Revenue to $732.5 Million
-
What next for beleaguered FIFA president Infantino?
-
Stocks mostly flat with focus on US inflation
-
Greece contains new wind-driven fire near Athens
-
UK radio broke rules in announcing king's death: watchdog
-
Massive shake-up of Hungary media after Orban's exit
-
Europe braces for another summer heatwave
-
Days of heavy rain leave at least 16 dead in Philippines
-
Tentoglou keep bid for fourth Euro title on course, Nowicki misses out
-
Bezos consortium nears deal to buy Liverpool stake: report
-
MEXC Sponsors Yohani's Colombo Concert, Bridging Sri Lankan Culture and Global Digital Finance
-
Stocks mostly rise with focus on US inflation
-
Parts of Germany's Rhine could become unnavigable, group warns
-
Days of heavy rain leave at least 13 dead in Philippines
-
Base Markets Appoints Nazim Moussaoui as Head of Premium Clients and Partnerships
Norway angers climate activists with fossil fuel projects
Norway's government gave the green light Wednesday to 19 oil and gas projects worth more than 200 billion kroner ($18.6 billion), a decision that outraged climate activists.
Petroleum and Energy Minister Terje Aasland said the projects would guarantee jobs and "provide the foundations" for the technology needed to develop wind power, hydrogen, and carbon capture and storage.
"The projects are also an important contribution to Europe's energy security," he said in a statement.
A major oil and gas producer, Norway became Europe's biggest gas supplier last year when it overtook Russia which cut deliveries following its war in Ukraine.
The 19 projects involve the opening of new fields, the extension of existing oil and gas fields and investments to increase the rate of hydrocarbon recovery in the North Sea and the Norwegian Sea.
Most of the projects will be carried out by Norwegian groups Equinor and Aker BP, Germany's Wintershall Dea and Austria's OMV.
"With these projects, we will guarantee new production from the second half of the 2020s in order to be able to maintain Norwegian deliveries at a high level," Aasland said.
Environmental organisations blasted the decision, saying it flew in the face of the green transition and would slow efforts to develop renewable energy.
"A sad day for the climate", the head of WWF Norway, Karoline Andaur, wrote on Twitter.
"This is 200 billion kroner invested to reinforce the climate crisis and destroy our joint future," said Halvard Haga Raavand from Greenpeace.
In 2021, the International Energy Agency recommended that no new oil and gas fields be opened in a bid to reach carbon neutrality by the middle of the century and keep global warming in check.
R.Adler--BTB