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 by AFP Staff Writers Paris (AFP) Aug 9, 2021
A landmark UN report warning of the growing peril to the planet posed by climate change shows that the world has just a decade to move away from a civilisation based on fossil fuels, France said Monday. "The challenge is immense because it involves emerging within a decade from a civilisation that has been based on fossil fuels for several centuries," French Environment Minister Barbara Pompili said in a statement. The French government statement described as "alarming" the report, which said global warming will see Earth's average temperature reach 1.5 degrees Celsius above preindustrial levels around 2030, a decade earlier than projected only three years ago. Foreign Minister Jean-Yves Le Drian said the report "rightly emphasises, once again, the real urgency to take all the necessary measures to fully implement the Paris accord (on climate change), which is the compass for all of us."
Saudi Aramco Q2 profits bounce back to pre-pandemic levels Riyadh (AFP) Aug 8, 2021 Energy giant Saudi Aramco's second quarter profits for 2021 have bounced back to pre-pandemic levels due to higher oil prices, nearly quadrupling compared to the same period last year. The company's success comes after its debts climbed last year, when Saudi Arabia was hammered by the double whammy of low prices and sharp cuts in production triggered by the coronavirus pandemic. Aramco said on Sunday its net profit rose to $25.5 billion in the second quarter of the year, compared to $6.6 billion ... read more
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