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Dec 11, 2014
Dec 11, 2014
Dec 11, 2014

‘Berlin Wall’ climate divide looms over Lima

LIMA (Reuters) – As UN climate talks enter their final days, the “Berlin Wall” that has for years divided rich and poor countries once again looms large as negotiators race to write a draft of a global deal that is meant to tear it down.

At the root of the problem is a 1992 U.N. climate Convention splits the world into rich and poor nations and obliges only the rich to cut emissions. Since then, however, nations such as Singapore or Mexico have grown rich but are still deemed “poor”.

Dec 10, 2014
Dec 10, 2014

Saudi Oil Minister Naimi: “Why should we cut production?”

LIMA, Peru, Dec 10 (Reuters) – Saudi Oil Minister Ali
al-Naimi on Wednesday shrugged off suggestions that the world’s
biggest crude exporter might cut production to reverse the
deepest price slump in years, saying the Kingdom’s output had
remained steady through last month.

Naimi’s comments on the sidelines of an annual U.N. climate
change conference in Lima, Peru, stuck to the message he laid
out at OPEC’s meeting two weeks ago: the market would be left to
balance itself without the Kingdom’s intervention. That stance
was seen as a shift from longstanding Saudi policy to act as a
swing supplier.

Dec 10, 2014
Dec 10, 2014
Dec 10, 2014
Dec 10, 2014
Dec 10, 2014