The decision of the world's largest sovereign wealth fund to reduce holdings in oil stocks wasn't as far-reaching as the industry feared, but dealt a symbolic blow to fossil fuels that will reverberate for energy companies and their investors.
Norway's $US1 trillion fund is rooting out $US7.5 billion of companies that focus purely on exploration and extraction.It's a bitter taste of the new reality for oil producers, which increasingly have to fight for investor dollars rather than enjoying the perks of being indispensable to the global economy.
A mere blip and nothing more. For every divestment there is an equal investment. The oil industry is the backbone of trade and travel globally and so will for the foreseeable future have massive market share, profit and investment.
The indoctrination of the masses.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia-Indonesia free trade deal to be game changer for cattle industry | Sky News AustraliaTrade Minister Simon Birmingham is in Jakarta where he will sign a long-awaited free trade agreement with Indonesia on Monday. \n\nThe deal, which has been eight years in the making, was delayed after backlash to Scott Morrison's review of Australia's embassy in Israel. \n\nThe trade deal is expected to be a game changer for Australia’s cattle industry, with Indonesia guaranteeing automatic import permits for live cattle. \n\nThe conclusion of the deal will also see 99 per cent of Australian goods enter Indonesia duty free by 2020. \n\n\n senbmckenzie Rubbish - its another flawed agreement that allows multi-nationals to both exploit 482 visas, and also allows them to challenge minimum wage standards - yet again the Libs sell out the workers of this country as a parting gift to their IPA scum donors ga_richardson senbmckenzie Why can we not see the benefits of leaving the EU our friends across the world are our allies senbmckenzie Well done to TurnbullMalcolm too, Peta ? 🙃
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Why I lasted just five weeks working in the apple industryUntil there is widespread change it’s not an industry I would recommend to my worst enemy.
Source: smh - 🏆 6. / 80 Read more »
Why I lasted just five weeks working in the apple industryUntil there is widespread change it’s not an industry I would recommend to my worst enemy. Is that a boast, or admission of defeat? Some of these places are no better than some of the working conditions I have witnessed in third world countries, never mind the disgraceful treatment of other human beings. These places need to be investigated and changes made, but I reckon not much will be done. No mention of racism?
Source: theage - 🏆 8. / 77 Read more »