Business Maverick: Big Oil betting billions on global ‘climate catastrophe’

Companies invested $58-billion in oil and gas projects in 2021 and 2022 that will only be required if fossil fuel demand grows to a level at which scientists forecast a “climate catastrophe”, the London and New York-based researcher said in a report. They may pull the trigger on a further $23-billion of investments next year that would help warm the planet more than 2.5°C above pre-Industrial levels, said the report, titled “Paris Maligned”.

Even climate-friendly Democrats including President Joe Biden have been calling for more oil production this year as fuel prices spiked following Russia’s invasion of Ukraine. Industry executives including Chevron CEO Mike Wirth criticised the whiplash of being told to stop and start production, saying such policies inhibit long-term investment.

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Business Maverick: The Developing World Is Facing a $2.5 Trillion Debt ShockDeveloping nations may need to find as much as $2.5 trillion over five years to meet external debt-service costs as interest rates rise and poorer countries struggle to refinance borrowings, a Finance for Development Lab model shows.
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'The only way for Samsung SA to grow its business is to grow the economy'SPONSORED | Samsung’s equity equivalent investment programme is expected to contribute more than R1bn to the local economy, boost job creation and address critical ICT skills shortages.
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Castle Lager campaign champions township business growthSPONSORED | “Our townships have completely transformed, this is where good is happening, it is a place of excellence, where people are choosing to do business in their local neighbourhoods — “ Wendy Bedforth, CastleLagerSA brand director. KeepItWithin
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Technology has fast become an intrinsic part of business profitability - Hypertext[PROMOTED CONTENT] Technology has fast become an intrinsic part of business profitability
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